Last week did not start off well in the market. However, stocks rebounded on Friday, recouping much of the value lost earlier in the week. Nevertheless, stocks ended last week relatively flat. Of the benchmark indexes listed here, only the S&P 500 lost value. Otherwise, the Global Dow gained over a half a point, while the Dow, Nasdaq, and Russell 2000 eked out minimal gains. News last Friday of the temporary end of the government shutdown may give investors some confidence moving into the last week of January.
Oil prices fell slightly last week, closing at $53.55 per barrel by late Friday, down from the prior week’s closing price of $53.83 per barrel. The price of gold (COMEX) climbed to its highest price since last June, closing at $1,308.20 by last Friday evening, up from the prior week’s price of $1,280.60. The national average retail regular gasoline price was $2.251 per gallon on January 21, 2019, $0.004 higher than the prior week’s price but $0.316 less than a year ago.
Market/Index | 2018 Close | Prior Week | As of 1/25 | Weekly Change | YTD Change |
---|---|---|---|---|---|
DJIA | 23327.46 | 24706.35 | 24737.20 | 0.12% | 6.04% |
Nasdaq | 6635.28 | 7157.23 | 7164.86 | 0.11% | 7.98% |
S&P 500 | 2506.85 | 2670.71 | 2664.76 | -0.22% | 6.30% |
Russell 2000 | 1348.56 | 1482.50 | 1482.85 | 0.02% | 9.96% |
Global Dow | 2736.74 | 2901.05 | 2919.57 | 0.64% | 6.68% |
Fed. Funds target rate | 2.25%-2.50% | 2.25%-2.50% | 2.25%-2.50% | 0 bps | 0 bps |
10-year Treasuries | 2.68% | 2.78% | 2.76% | -2 bps | 8 bps |
Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments.
Due to the partial government shutdown, some reports have not been updated. If and when this information becomes available, it will be included in the corresponding market report.
The last week of the month is potentially full of important economic information, including this year’s first meeting of the Federal Open Market Committee. The employment figures for January are out as well. With the temporary end of the government shutdown, more economic information may be available.
Data sources: News items are based on reports from multiple commonly available international news sources (i.e. wire services) and are independently verified when necessary with secondary sources such as government agencies, corporate press releases, or trade organizations. Market data: Based on data reported in WSJ Market Data Center (indexes); U.S. Treasury (Treasury yields); U.S. Energy Information Administration/Bloomberg.com Market Data (oil spot price, WTI Cushing, OK); www.goldprice.org (spot gold/silver); Oanda/FX Street (currency exchange rates). All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities, and should not be relied on as financial advice. Past performance is no guarantee of future results. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.
The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The S&P 500 is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. The Russell 2000 is a market-cap weighted index composed of 2,000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. Market indices listed are unmanaged and are not available for direct investment.
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