January has already been an excellent month for stocks the world over and today was no different. All key European indices rose as the markets opened, with the FTSE MIB in Italy outperforming its rivals thanks to a rally for bank stocks.
In America, stocks rose to fresh highs today with the financial sector gaining amid optimism ahead of the start of the corporate earnings season. The Dow Jones industrial average rose 104 points (0.41 per cent) while the S&P500 moved up 0.27 per cent. Shares in aviation firm Boeing rose by 2.54 per cent after reports surfaced that the plane manufacturer had a backlog of deliveries in 2017. The company delivered 763 planes in 2017, better than its 2015 total of 762 planes. Shares in Target also spiked over 3.60 per cent after the retailer raised Q4 guidance after stronger-than-expected holiday sales.
The key US indices continue their stellar run as we head into mid-January. The S&P has gained over 50 points in the last 5 days, fuelling investor optimism for the year ahead. In contrast, the index had lost over 150 points by the end of the first week of January 2016. President Trumps economic agenda and the synchronised global economic expansion are 2 factors helping to maintain the bull run in stocks on top of great year for corporate earnings in major American companies through 2017.
Via: https://invstr.com/