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The Markets (as of market close January 20, 2017)
For most of last week, the market was fairly lackluster. By the close of the market last Thursday, the Dow had fallen to 19,732. However, equities rallied on Inauguration Day, recouping most of the value lost earlier in the week. Nevertheless, the Nasdaq and the large-cap Dow and S&P 500 each ended the week in the red compared to the prior week, while the Russell 2000, which had made substantial gains through the end of 2016, dropped almost 1.50% by week's end and is below its 2016 year-end value. The dollar fell following President Trump's remarks that the dollar was too strong. Long-term government bond yields climbed as prices on 10-year Treasuries dropped.
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