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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 at People’s Pundit Daily (PPD) and the Director of the PPD Big Data Poll. He is also the author of the must-read book on American political philosophy, Our Virtuous Republic: The Forgotten Clause in the American Social Contract. 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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