This weeks gains pushed the Nasdaq over its inflation-adjusted March 2000 highs for the first time in 17 years. Meanwhile, the Dow completed another 1000-point advance in a record nine trading days--the previous record was 23 trading days from 24,000-25,000. (LPL)
Of the 36 S&P 500 companies that have reported results through January 17, 78% have reported earnings above estimates, while even more impressively, 81% have surpassed revenue targets (Thomson Reuters data).
China's economy, the world’s second largest, grew 6.9% in 2017. (AP)
The Labor Department said initial claims for state unemployment benefits dropped to 220,000 last week, the lowest level since February 1973. It marked the 150th straight week that claims remained below the 300,000, the longest such stretch since 1970, when the labor market was much smaller.
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With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.