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Dow Jones Analysis : January 26, 2014

Published 01/26/2015, 02:02 AM
Updated 04/25/2018, 04:40 AM

Dow Jones
The Dow Jones industrial average fell 141.38 points, or 0.80%, to 17,672.6, the S&P 500 lost 11.33 points, or 0.55 percent, to 2,051.82 and the Nasdaq Composite added 7.48 points, or 0.16 percent, to 4,757.88. U.S. stocks fell modestly on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish notes. Major indexes, however, rose for the first week in four, boosted in part by the European Central Bank's decision on Thursday to further stimulate eurozone growth. Declines were capped by bullish investor sentiment after Thursday's move from the European Central Bank, which detailed a bigger-than-expected bond-buying program to lift the region's sagging economy and fight deflation. "From where we're sitting, we're sensing continuation (from last year), the trend is still the upside," said Gordon Charlop, a managing director at Rosenblatt Securities in New York. "The corrections and the volatility will be a little more pronounced, a little more dramatic, but the trend remains intact."

Dow Jones Hourly Chart

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