Markets Close Higher on Inauguration Day

Dow breaks 5-day losing streak
By Newser Editors and Wire Services
Posted Jan 20, 2017 3:11 PM CST
Fred DeMarco, left, and fellow traders work in their booth on the floor of the New York Stock Exchange, Thursday, Jan. 19, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending higher, recouping much of the market's loss from a day earlier and breaking a 5-day losing streak for the Dow Jones industrial average, the AP reports. Traders were keeping a close eye on the inauguration of Donald Trump as US president and on corporate earnings. Materials and phone companies led the gainers, while health care stocks fell. Procter & Gamble rose after releasing a strong growth forecast, while General Electric fell after the conglomerate reported fourth-quarter revenue that fell short of analysts' estimates. The Standard & Poor's 500 index rose 7 points, or 0.3%, to 2,271. The Dow climbed 94 points, or 0.5%, to 19,827. The Nasdaq composite gained 15 points, or 0.3%, to 5,555. (Read more Dow Jones stories.)

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