Stocks finished higher on Friday following another strong U.S. jobs report but the major equity indexes closed mixed for the week as some investors may be looking to lock in their profits for the year.
Despite losing a little ground on Friday to start December, the Dow Jones Industrial Average had its best week of the year last week, shooting past 24000 for the first time as the Senate passed its version of tax reform.
Investors pushed equity indexes to new records last week.
U.S. stocks were narrowly mixed last week as the House passed its version of tax reform and the market waits to see what the Senate does.
Greenwich, Connecticut, November 17, 2017 – Wright Investors’ Service, Inc. announced today that the Wright Large Cap Core Equity strategy has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers. Wright Large Cap Core Equity received 2-Star rating for the period ended September 30, 2017.
Senate Republicans’ unveiling of their version of tax reform took some of the wind out of the sails of the stock market last week, as all three major U.S. equity indexes recorded weekly losses for the first time in two months.
Stocks registered their eighth straight advance last week, this time taking bonds along for the ride.