An­other rally to fresh records

The Washington Post Sunday - - MARKETS - — Bloomberg News

U.S. eq­ui­ties ral­lied to records for a third week of gains as a gauge of mar­ket sen­ti­ment climbed and in­vestors as­sessed prom­ises from Pres­i­dent Trump for tax cuts and fis­cal spend­ing.

Eco­nomic data also con­tin­ued to paint a largely pos­i­tive pic­ture of the U.S. econ­omy, af­ter Thurs­day’s un­ex­pect­edly low num­ber of Amer­i­cans fil­ing for job­less claims and as cor­po­ra­tions added to one of the best sets of earn­ings since the fi­nan­cial cri­sis.

The S&P 500 added 0.8 per­cent this week to a record 2,316.10. The Dow Jones in­dus­trial av­er­age jumped 1 per­cent to 20,269.37. The Nas­daq Com­pos­ite and Rus­sell 2000 also hit new highs.

With more than half of S&P 500 com­pa­nies hav­ing re­ported earn­ings this sea­son, about three-quar­ters beat profit es­ti­mates and roughly half beat sales fore­casts.

En­ergy, in­dus­trial and con­sumer dis­cre­tionary stocks are the only groups with smaller prof­its than a year ago.

Stocks also got help from the com­mod­ity mar­kets in the lat­ter half of the week, as raw-ma­te­ri­als pro­duc­ers ral­lied.

The U.S. Trea­sury will sell $34 bil­lion in three-month bills and $28 bil­lion in six­month bills Mon­day. They yielded 0.53 per­cent and 0.65 per­cent, re­spec­tively, in whenis­sued trad­ing. It will also sell four-week bills Tues­day and $7 bil­lion 30-year TIPS on Thurs­day. Ed­i­tor’s note: Our weekly com­pos­ite stock list­ing in­cludes com­pa­nies based in Wash­ing­ton or with a strong pres­ence here. The rest of the ta­ble shows firms as ranked by mar­ket cap­i­tal­iza­tion. And we’ve added year-to-date data be­cause read­ers told us it would be use­ful.

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