Stoever Glass & Co., Inc.
Phone: (212) 952-1910
P: (800) 223-3881
The Markets (as of market close January 26, 2018)
Major stock market indexes continue to set records, as the S&P 500 broke its 14th record in January. Favorable corporate earnings reports, a congressional stopgap measure to fund the federal government, and a 2.6% annual rate of growth for the fourth-quarter GDP helped buoy investors' confidence in equities. Overall, the benchmark indexes listed here posted their fourth consecutive week of gains, led by the Nasdaq, followed by the S&P 500, the Dow, and the Global Dow, each of which gained over 2.0%. On the other hand, at 2.66%, the yield on 10-year Treasuries rose to its highest level in over four years as demand for long-term bonds fell, while the dollar continued to spiral downward.