Stock Indices Recap - 1/20/2017

January 20, 2017 3:38PM CST

March S&P finished up 4.3 at 2265.9, 6.3 off the high and 5.4 up from the low.
March S&P E-Mini closed up 4.75 at 2266.25. This was 6.5 up from the low and 6.5 off the high.

 

The US stock market spent most of the morning trade in positive territory with the NASDAQ actually forging a fresh upside breakout. In retrospect, the bull camp has to be hopeful following a sweep of better-than-expected US economic data this week. However, it goes without saying that some of the bullish action this morning was in anticipation of pro-growth dialogue from the incoming president, but it should also be noted that stock prices failed in the direct aftermath of the Trump speech. While reality might end up being a different subject, there would seem to be support for revisions in the tax code and infrastructure spending programs which in turn could help add to the feeble recovery. Perhaps the biggest question going forward will be whether Washington slips back into business as usual or some positive change is allowed.

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