Sign in Subscribe
Telephone services

Late Gains in Quiet Trading Driven by Corporate Earnings

Strategic Insights

— 2 min read

Stock prices posted late gains on January 25 as continued strong corporate earnings boosted investor confidence. The Dow Jones Industrials rose 82.65 to 9,203.32 on light volume of 722 million shares. Decliners led advancers 1,519 to 1,440. The New York Stock Exchange composite index rose 2.31 points to 586.06, and Standard & Poor's 500-stock index gained 8.79 to close at 1,233.98. The Nasdaq composite index rose 30.23 points to 2,369.11, and the Amex composite index climbed 1.32 to 706.01. The 30-year Treasury bond fell to 101 31/32, down from late Friday's 102 17/32.

Key Takeaways:

  • The Dow Jones Industrials rose 82.65 to 9,203.32, driven by strong corporate earnings, with American Express, Citigroup, and 3M reporting impressive quarterly results.
  • Decliners led advancers 1,519 to 1,440, as investors remain cautious due to concerns about the economic stability of Brazil and ongoing speculation about China's currency devaluation.
  • The New York Stock Exchange composite index rose 2.31 points to 586.06, with the Standard & Poor's 500-stock index gaining 8.79 to close at 1,233.98.
  • The Nasdaq composite index rose 30.23 points to 2,369.11, and the Amex composite index climbed 1.32 to 706.01.
  • The 30-year Treasury bond fell to 101 31/32, down from late Friday's 102 17/32, with the issue's yield up 0.03 from the previous session.
  • The dollar fell to 113.92 Japanese yen, and the euro slipped slightly lower against the dollar, remaining just under $1.16.
  • The price of gold rose $1.30 to $288 an ounce, and silver futures climbed nearly 9 cents to $5.18 an ounce.

Statistics:

  • The Dow Jones Industrials rose 82.65 to 9,203.32 on light volume of 722 million shares.
  • The New York Stock Exchange composite index rose 2.31 points to 586.06.
  • The Standard & Poor's 500-stock index gained 8.79 to close at 1,233.98.
  • The Nasdaq composite index rose 30.23 points to 2,369.11.
  • The 30-year Treasury bond fell to 101 31/32, down from late Friday's 102 17/32.
  • The issue's yield was up 0.03 from the previous session at 5.12 percent.
  • The dollar fell to 113.92 Japanese yen, down from late Friday's 114.43 yen.
  • The euro slipped slightly lower against the dollar, remaining just under $1.16.
  • The price of gold rose $1.30 to $288 an ounce, and silver futures climbed nearly 9 cents to $5.18 an ounce.

Sources:

  • UPI (1999) - Copyright 1999 by United Press International. All rights reserved.
  • COMTEX (http://www.comtexnews.com) - News Provided

Read more