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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
Markets Close Higher on Inauguration Day
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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