Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Wednesday, January 30. All major U.S. stock indexes advanced on encouraging news from the Federal Reserve’s policy meeting. The Dow Jones Industrial Average, S&P 500 and NASDAQ gained 1.8%, 1.6% and 2.2%, respectively. Meanwhile, ADP revealed that private-sector job growth easily surpassed expectations with 213,000 new jobs in January, well ahead of the 174,000 forecast. On the earnings front, Boeing’s stock surged more than 6% on strong quarterly earnings, revenue and forward guidance. Microsoft, on the other hand, fell 3% in after-hours trading after beating profit expectations but coming up short on revenue.
Daniel Wiener Chairman Jim Lowell Chief Investment Officer Jeffrey DeMaso Director of Research Kate Austin Equity Research Analyst Charlie Toole Vice President, Portfolio Manager Diana Linn Account Manager October 31, 2019