Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Friday, January 18. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes advanced slightly, with the Dow Jones Industrial Average, S&P 500 and NASDAQ up 1.4%, 1.3% and 1.0%, respectively. Oil prices also rose, gaining 3% today with crude hitting a two-month high. Similarly, oil sector bellwether Schlumberger’s stock surged more than 8% after the world’s largest oilfield services company beat fourth-quarter revenue expectations and declared a dividendA cash payment to investors who own stock in the company. of 50 cents per share. Meanwhile, the University of Michigan consumer sentiment index saw a nearly 3% monthly decline, falling to its lowest level since October 2016.
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