The Markets (as of market close January 5, 2017)
The first week of 2018 saw equities enjoy a strong start to the new year. Less than a year after breaking the 20000 mark, the Dow soared past 25000 last week. The wide-ranging S&P 500 also posted a record close while climbing 2.60%. The Nasdaq picked up in 2018 right where it left off in 2017, posting a 3.38% weekly gain, boosted by surging technology stocks. Energy stocks were strong as the price of oil rose again last week. As bond prices fell, bond yields moved higher, with the yield on 10-year Treasuries increasing by 6 basis points.