Traders were in an upbeat mood last week, reacting to news out of Washington: the signing of the phase-one trade deal between the U.S. and China as well as the Senate passage of the U.S.-Mexico-Canada Agreement (USMCA). In addition, a new earnings season started. Risk appetite grew and spurred all three of the major Wall Street averages to record settlements on Friday.1

For the week, the Nasdaq Composite rose 2.29%; the S&P 500, 1.97%; the Dow Jones Industrial Average, 1.82%. International stocks improved 0.40%, according to MSCI’s EAFE index.2,3

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1 – foxbusiness.com/markets/us-stocks-jan-17-2020 [1/17/20]
2 – wsj.com/market-data [1/17/20]
3 – quotes.wsj.com/index/XX/MSCI%20GLOBAL/990300/historical-prices [1/17/20]