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Dow Jones Closes at Record High for Third Straight Day

A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., January 23, 2017. (Photo: Reuters)

Nasdaq Composite Posts Best Week for 2017

A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., January 23, 2017. (Photo: Reuters)

A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., January 23, 2017. (Photo: Reuters)

The Dow Jones Industrial Average (INDEXDJX:.DJI) on Friday closed up 84.65 points, or 0.39% to reach a new record high of 21,637.74. The week’s final session marked the third straight day the Dow closed at record highs and the 25th record-breaking session since the election of President Donald J. Trump.

The Dow also reached an intraday high of 21,681.53, with all but five Dow stocks closing in positive territory. Wal-Mart Stores Inc (NYSE:WMT), closing at $76.34 a share, led the way posting a 1.72% gain.

The Nasdaq Composite (INDEXNASDAQ:.IXIC) closed up 38.03 points, or 0.61% to 6,312.47. As of Thursday, the index had posted a 14.1% gain over the last since months marks the strongest performance since 2009, the year after the financial crisis came to an end.

The Nasdaq was up 2.6% for the week, marking its best week of the year.

The S&P 500 (INDEXSP:.INX) closed up 11.44 points to 2,459.27, or 0.47%. It notched a new intra-day high on Friday, hitting 2,463.54 before settling slightly lower.

As of Thursday, the S&P had risen 8.2% over the last six months, the best first-half performance since 2013. It posted a 1.4% gain for the week.

Written by
Editor-in-Chief

Richard D. Baris is the Editor-in-Chief and Senior Political Analyst at People's Pundit Daily. He is also the author of the must-read book on American political philosophy, <a href="https://www.peoplespunditdaily.com/books/our-virtuous-republic-forgotten-clause-american-social-contract/"><b><em>Our Virtuous Republic: The Forgotten Clause in the American Social Contract</em></b></a>. He is married to his beautiful wife, Laura Lee Baris, Producer and Assistant Editor at People's Pundit Daily, and they have two beautiful children. Blessed with both a boy and a girl, Rich is a former bad guy-turned-good only by the grace of the Almighty Creator.

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