The busiest week for earnings so far this quarter delivered several positive surprises, as the broader U.S. market averages finished off the best January performance in three decades.
Industrial and Energy stocks were the big winners for the month, led by an 18% gain in the underlying price of crude oil. On the other hand, Utility and Healthcare names have lagged in the opening weeks of 2019.
FOMC Flinches and Jobs Growth Surprises
There was little belief that Chairman Powell and the Fed would change interest rates on Wednesday, but the tone of their commentary did turn decidedly more dovish this week.… Read more