ANOTHER RECORD DAY: Dow Jones, NASDAQ, S&P 500 Notch Record Day In Stocks
By Fox Business // January 5, 2018
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(FOX BUSINESS) – The S&P 500 and Nasdaq notched their best weekly gains in more than a year on Friday as technology stocks helped lift major indexes to records.
It was the strongest start to a year for all three major indexes since 2013.
A U.S. tax overhaul last month that includes hefty corporate tax cuts helped to fuel late-year gains and was the first major legislative victory in President Donald Trump’s pro-growth agenda since he took office a year ago.
U.S. stocks this week have been adding to momentum from 2017, driven by a series of strong economic reports from across the globe and expectations for strong fourth-quarter earnings, with all three major indexes hitting milestones in the last few days.
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