Page 25 - aruba-today-20180217

BUSINESS Saturday 17 February 2018
A25

Stocks stretch winning streak to 6 days

By MARLEY JAY
NEW YORK (AP) — Stocks Divi Village Nice House 5 Min Drive
closed out their strongest Studio wk 6 3rd Floor From Eagle Beach and Palm
week in five years Friday building F top Floor Beach
and have now recovered 23 weeks remain 3 bedroom , 3 bath Full airco
more than half of the losses pool/ocean View $8000 Full Furnish , Garage, Maid room
they suffered in a plunge call:630-1397 Laundry, Place to build Pool
at the beginning of the johnnypaesch@gmail.com on a property Land $280 K
month. Call:630-1307
Investors got back to buy- Divi Dutch Village johnnypaesch@gmail.com
ing stocks almost as quickly 1 br WK # 8 room #94 _________________________________209502
as they started dump- 2sd Floor Over Look Pool
ing them. The gain Friday 26 weeks remain $8500
was the sixth in a row for Call: 630-1307
the Standard & Poor's 500 johnnypaesch@gmail.com
index. A combination of Trader James Dresch works on the floor of the New York Stock _________________________________209154
cheaper prices for stocks Exchange. Stocks closed out their strongest week in five years Divi Links Golf
as well as solid company Friday and have now recovered more than half of the losses
profits put investors back in they suffered in a plunge at the beginning of the month. 1br WK 11 room #2303
(AP Photo/Richard Drew)
Studio WK 11 room #2302
a buying mood.
The S&P 500, which many must not be all that bad,'" or 1 percent, to $45.57. 27 weeks remain 10
accelerated
index funds track, has ris- he said. Among health care com-
en almost 6 percent in its The S&P 500 gained 1.02 panies, drugmaker AbbVie 1br WK 12 room #2303
27 weeks remain 10 accelerated
current streak. Investors points, or less than 0.1 per- jumped $3.70, or 3.2 per-
haven't hesitated to buy cent, at 2,732.22. That in- cent, to $118.60 and John- 1br $9000 Studio$8000
Call;630-1307
the same types of stocks cludes a gain of 4.3 per- son & Johnson rose $1.92,
that did well before the cent this week, its best or 1.5 percent, to $133.15. johnnypaesch@gmail.com
market's recent slump, in- since January 2013. Friday’s gains didn’t come
cluding technology com- The Dow Jones industrial without some bumps. The Barcelo Resorts
2 br deluxe Week 9 and 10
panies and banks. average rose 19.01 points, Dow was up 232 points at
In a typical market down- or 0.1 percent, to 25,219.38. about 12:30 p.m., shortly be- Ocean View all inclusive
Price :$25K each
turn, investors might avoid The Nasdaq composite lost fore Special Counsel Rob-
stocks that have had huge 16.96 points, or 0.2 percent, ert Mueller announced the Call;630-1307
johnnypaesch@gmail.com
run-ups out of fear they to 7,239.47. The Russell 2000 indictment of 13 Russians
had gotten too expensive. index of smaller company and three Russian organi- _______________________________209502
Instead, investors are still stocks climbed 6.35 points, zations in a plot to interfere
betting on more strength in or 0.4 percent, to 1,543.55. in the 2016 U.S. Presidential
the economy and are buy- Homebuilders rose after the election. Stocks gave up
ing companies that tend to Commerce Department their gains after that and
do better in times of faster reported that construction spent the afternoon mean-
growth. of new homes jumped 9.7 dering between small gains
After an unusually long peri- percent in January. That and losses.
od of calm, stocks plunged was the highest level since Gold inched up 90 cents
at the start of February as October 2016, and permits, to $1,356.20 an ounce. Sil-
investors worried about in- a sign of future construc- ver lost 8 cents to $16.71
flation and rising interest tion, also climbed. NVR an ounce. Copper stayed
rates. The S&P 500 fell as gained $131.23, or 4.3 per- at $3.25 a pound. The dol-
much as 10 percent from its cent, to $3,208.23 while lar edged up to 106.30 yen
latest record high reached D.R. Horton rose 46 cents, from 106.27 yen.q
January 26. But investors
weren't scared off for long.
"Rates started to stabilize
and you got some better
economic data, and earn-
ings in general have been
pretty good," said Sameer
Samana, global equity and
technical strategist for the
Wells Fargo Investment In-
stitute.
Samana said bond and
credit markets showed that
the fear wasn't spreading.
Companies were still able
to borrow at relatively low
rates, which showed lend-
ers weren't concerned the
economy was weakening.
"A lot of people probably
looked at stocks vs. credit
and probably thought 'if
credit's not feeling it, things