MARKET STATISTICS
Weekly and Year-To-Date Performance
INDEX 12/31/2017 01/05/2018 01/12/2018 % Change Week % Change YTD
 Dow Jones Industrial Average 24,719.22 24,295.87 25,803.19  2.01% 4.39%
 S&P 500 2,673.61 2,743.15  2,786.24  1.57% 4.21%
 Nasdaq Composite 6,909.61 7,135.40  7,264.78  1.81% 5.14%
 Russell Mid-Cap Index 2,081.59 2,119.19  2,151.97  1.55% 3.38%
 Russell Small-Cap Index  1,539.15 1,558.97  1,591.38  2.08% 3.39%

 

January 12th, 2018

Dear Friends,

The equity markets finished out the week with solid gains across the board on earnings optimism. For the week the Dow Jones Industrials, S&P 500 and the Nasdaq rose 2.01%, 1.57% and 1.81% respectively.  The Russell Mid-Cap, Small-Cap and MSCI EAFE indexes gained 1.55%, 2.08% and 1.59% respectively.

Stocks opened the week mixed but mostly higher to open the week Monday. Healthcare and financials lagged while technology and energy led on the upside.  The healthcare sector closed down 0.5% on weakness in biotech stocks.  Financials finished down 0.14% as shares of Bank of America, Citigroup and Goldman Sachs fell 0.69%, 1.17% and 1.45%.  The energy sector closed with a gain of 0.61% as oil prices rose 0.75% and shares of Exxon, Chevron and ConocoPhillips added 0.45%, 0.49% and 1.02%.  The Dow finished off 13 points or 0.05%, at 25,283.  The S&P and the Nasdaq gained 0.17% and 0.29%.  The 10-year Treasury note was up less than one basis point to close yielding 2.481%.

The markets closed up Tuesday on strength in healthcare, industrials and financials as the start of earnings season nears. Shares of Johnson & Johnson rose 1.6% and the biotech sector gained 1.88% to lead the healthcare sector to a gain of 1%.  The financial sector added 0.78% as shares of Citigroup, Goldman Sachs and JPMorgan rose 1.05%, 0.85% and 0.51%.  Shares of Boeing rose 2.67% to lead the Dow and the industrial sector higher.  Crude prices climbed nearly 3% to settle at $63.46 per barrel.  The 10-year Treasury note jumped over seven basis points to close yielding 2.556%.  The Dow settled up 103 points or 0.41%, at 25,386.  The S&P and the Nasdaq added 0.13% and 0.09%.

Stocks finished with modest losses Wednesday but well off the early lows. The major indexes all opened well lower on a report that said China could slow down or stop buying U.S. Treasuries.  The 10-year Treasury note broke up four basis points on the news but settled with no change yielding 2.556%.  The Dow fell over 100 points in the early going but recovered to finish with modest losses.  Utilities and real estate led on the downside while financials led on the upside.  The Dow closed down 17 points or 0.07%, at 25,369.  The S&P and the Nasdaq were off 0.11% and 0.14%.  Crude prices rose 0.78% to settle at $63.45 per barrel.

The markets made a solid move higher Thursday on optimism ahead of earnings season.  The energy sector climbed 2% on the day as European Brent crude climbed above the $70 for the first time since 2014.  Shares of Chevron, ConocoPhillips and Exxon rose 3.04%, 2.65% and 0.99%.  Consumer discretionary stocks also rallied adding 1.65% as Target, Costco and Home Depot rose 4.6%, 2.14% and 1.5%.  The Dow closed up by 206 points or 0.81%, at 25,575.  The S&P and the Nasdaq added 0.7% and 0.81%.  The 10-year Treasury note closed down two basis points yielding 2.536%.

Stocks surged higher heading into the weekend Friday on encouraging early earnings results.  Financials were up 0.93% following a solid earnings report from Blackrock.  Shares of the company finished with a gain of 3.27%.  Industrials also had a strong showing rising 0.72% as shares of Boeing, General Dynamics and United Technologies rose 2.47%, 2.47% and 1.18%.  Crude prices rose to a three-year high gaining 1% to settle at $64.42 per barrel.  The energy index rose 0.83% as shares of Exxon, Chevron and ConocoPhillips added 0.68%, 0.78% and 1.47%.  The Dow finished with a gain of 228 points or 0.89%, at 25,803.  The S&P and the Nasdaq rose 0.67% and 0.74%.  The 10-year Treasury note added one basis point to close yielding 2.548%.

  • Sonata