US Markets Finish Higher on Trump Inauguration

US Markets Finish Higher on Trump Inauguration

US Markets Finish Higher on Trump Inauguration

$DIA, $SPY, $QQQ, $VXX

Friday, US stocks edged higher in afternoon trading, on course to recoup most of the market’s losses from Thursday

The rebound came about as investors weighed Donald Trump’s swearing in as the 45th President of the United States and the latest company earnings reports.

Phone companies led the gainers, while healthcare stocks fell the most.

DJIA +94.85 at 19827.38, NAS Comp +15.25 at 5555.33, S&P 500 +7.62 at 2271.31

Volume: Trade on the NYSE came in at 1.21-B/Shares

  • Russell 2000 -0.4% YTD
  • DJIA +0.3% YTD
  • S&P 500 +1.5% YTD
  • NAS Comp +3.2% YTD

The major US stock indexes pulled back slightly as President Donald Trump delivered remarks after taking the oath of office and then took off North.

Stocks have slowed in Y 2017 after rising for several weeks following the election on investor optimism that a Trump Administration and Republican Congress would usher in business-friendly policies.

Since Y 1953, starting with President Dwight D. Eisenhower’s Inauguration, the S&P 500 has risen an average of 1.6% in the 1st 100 days of a President’s 1st term in office, according to the data.

HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.33) Neutral (0.03) Bullish (0.42) Very Bullish (0.54)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Bullish (0.25) Neutral (-0.12) Very Bullish (0.54) Bullish (0.33)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Very Bullish (0.53) Bullish (0.48) Very Bullish (0.59) Very Bullish (0.53)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.41) Bearish (-0.32) Very Bearish (-0.71) Neutral (-0.21)

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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