Stoever Glass & Co., Inc.
Phone: (212) 952-1910
P: (800) 223-3881
The Markets (as of market close January 19, 2018)
Corporate earnings season entered its second week with generally favorable results, which likely drove equities last week. Each of the benchmark indexes listed here posted weekly gains, led by the Dow and Nasdaq, which continues to post strong early-year gains in the technology sector. Apparently, the threat (and eventual occurrence) of a federal government shutdown didn't curb investor enthusiasm. On the other hand, the government shutdown probably did impact long-term bond prices as the yield on 10-year Treasuries climbed 11 basis points (as prices fall, yields rise), while the U.S. dollar also dropped.
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