How major United States stock indexes fared on Friday

Mae Love
January 13, 2018

Bank stocks also gained from a rise in Treasury yields after underlying US consumer prices for December posted their biggest gain in 11 months, signaling a pickup in inflation.

FOLLOWING THE MOMENTUM: Stocks have been steadily rising for more than a year as investors bask in an economy where countries around the world are finally all growing in sync.

Energy stocks were the day's biggest stars after the price of oil touched its highest price in more than three years.

Trading was calmer following a wobble the day before, when a temporary rise in bond yields got investors anxious.

USA equities broke key milestones the first trading week of 2018, as the Dow, S&P 500 and Nasdaq closed above 25,000, 2,700 and 7,000, respectively, for the first time ever.

The Dow Jones finished flat at 25,369.1, and the S&P 500 and the Nasdaq closed lower for the first time this year. The Nasdaq composite fell 10 points, or 0.1 percent, to 7,153.

The broad-based S&P 500 gained 0.7 percent to 2,767.56, while the tech-rich Nasdaq Composite Index advanced 0.8 percent to 7,211.78. Brent crude, the global standard, rose 16 cents to $67.78 a barrel.

The stock market has repeatedly shrugged off concerns through its placid ride to record highs.

Accurate Investment Solutions Inc. Takes Position in Archer Daniels Midland Company (ADM)
As a company's earnings per share being to rise, so does their market value per share. (NYSE:ZTS) rating on Tuesday, December 20. Archer-Daniels-Midland Company (ADM) is an interesting player in the Consumer Goods space, with a focus on Farm Products.

Synergy Pharmaceuticals, Inc. (SGYP), Union Pacific Corporation (UNP)
According to their observations and findings, the stock could provide a high EPS of $1.58/share and a low EPS of $1.47/share. This company shares are 8.46% off its target price of $81.52 and the current market capitalization stands at $173.61B.

Royal Bank of Canada Reaffirms Buy Rating for Stryker (SYK)
The firm has "Underperform" rating given on Friday, January 6 by Needham. ( NYSE:LOW ), 19 have Buy rating, 1 Sell and 13 Hold. The medical technology company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.02.

HEALTHY GAINS: Health care stocks rose 0.7 percent for one of the biggest gains among the 11 sectors that make up the S&P 500. Whether investors are anxious about a future pickup in rates or about how stocks have become more expensive than usual, any dip for the market over the a year ago has been shallow and short. Expectations are also high that chief executives will unveil encouraging profit forecasts for 2018 after Washington cut their income-tax rates.

Meanwhile, the fourth-quarter earnings season is set to begin this week.

Businesses will need to produce strong growth to justify the gains their stocks have made. United rose $4.60, or 6.7 percent, to $73.08.

Airline and homebuilder stocks opened higher Thursday after strong quarterly reports from Delta Air Lines and KB Home.

The British pound rose to $1.3734 from $1.3536, and the dollar held steady at 111.09 Japanese yen.

In the commodities markets, gold rose $5.60 to settle at $1,319.30 per ounce, silver added 3 cents to $17.04 per ounce and copper gained 2 cents to $3.24 per pound. Heating oil was almost flat at $2.08 a gallon. Wholesale gasoline rose 1 cent to $1.79 a gallon.

In markets overseas, Japan's Nikkei 225 index lost 0.2 percent, South Korea's Kospi advanced 0.3 percent and Hong Kong's Hang Seng jumped 0.9 percent. France's CAC 40 was down 0.3%. Germany's DAX was up 0.4% and the FTSE 100 in London dropped 0.4%.

This article was originally published at 1:20 p.m.

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