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Stock Market Roundup Jan. 25: Dow Finally Hits 20,000 as Earnings Season Continues
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It finally happened! The Dow Jones Industrial Average broke the 20,000 milestone for the very first time, rising about 160 points as Boeing (BA - Free Report) , Caterpillar (CAT - Free Report) , and Goldman Sachs (GS - Free Report) contributed the most gains. Executive orders from President Donald Trump are helping increase this widespread bullish sentiment on Wall Street.
Times of India reported that Apple (AAPL) executives met with Indian government officials about manufacturing iPhones in the country. Like many tech corporations, Apple is eager to begin assembling its signature product in India, which has become one of the world’s fastest growing smartphone markets in recent years.
Wednesday saw aerospace and defense giant Boeing report its Q4 results before the bell, posting mixed results as its Dreamline finally turned a profit. Its top line missed estimates and declined year-over-year, but its bottom line beat expectations, a good sign for Boeing going forward. The company’s fiscal 2017 guidance is a also a strong sign, showing growth in Boeing’s many business sectors.
The U.S. Energy Information Administration reported this morning that last week, U.S. commercial crude inventories increased by 2.8 million barrels. Futures contracts are stressing that this is the third week in a row crude oil inventories have experienced an increase. Crude futures prices look to be uncertain in the coming year.
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Stock Market Roundup Jan. 25: Dow Finally Hits 20,000 as Earnings Season Continues
It finally happened! The Dow Jones Industrial Average broke the 20,000 milestone for the very first time, rising about 160 points as Boeing (BA - Free Report) , Caterpillar (CAT - Free Report) , and Goldman Sachs (GS - Free Report) contributed the most gains. Executive orders from President Donald Trump are helping increase this widespread bullish sentiment on Wall Street.
Zacks #1 (Strong Buy) Biggest Movers
Value: Seagate Technology (STX - Free Report)
Growth: STX
Momentum: NVE Corporation (NVEC - Free Report)
VGM: STX
Income: Bob Evans Farms
Major Indexes
DOW: 20,086.02 / +155.31 / +0.78%
S&P 500: 2,298.37 / +18.29 / +0.80%
NASDAQ: 5,656.34 / +55.38 / +0.99%
Top Headlines
Apple ‘Hopeful’ About Future iPhone Manufacturing in India
Times of India reported that Apple (AAPL) executives met with Indian government officials about manufacturing iPhones in the country. Like many tech corporations, Apple is eager to begin assembling its signature product in India, which has become one of the world’s fastest growing smartphone markets in recent years.
This is Why Boeing (BA - Free Report) Stock is Popping After Earnings
Wednesday saw aerospace and defense giant Boeing report its Q4 results before the bell, posting mixed results as its Dreamline finally turned a profit. Its top line missed estimates and declined year-over-year, but its bottom line beat expectations, a good sign for Boeing going forward. The company’s fiscal 2017 guidance is a also a strong sign, showing growth in Boeing’s many business sectors.
Crude Oil Futures Lower on Bearish EIA Report, Prices Remain Uncertain
The U.S. Energy Information Administration reported this morning that last week, U.S. commercial crude inventories increased by 2.8 million barrels. Futures contracts are stressing that this is the third week in a row crude oil inventories have experienced an increase. Crude futures prices look to be uncertain in the coming year.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>