April 20, 2019 – Weekend Market Comment

April 20, 2019 – Stocks closed higher on Thursday as Wall Street digested more corporate earnings reports, solid retail data and two highly anticipated initial public offerings.

The Dow Jones Industrial Average rose 110 points to 26,559.54 as shares of Travelers advanced. The S&P 500 gained 0.2% to end the day at 2,905.03, led by industrials. The Nasdaq Composite closed just above the flatline at 7,998.06. U.S. markets will be closed on Friday due to Good Friday.

Honeywell rose more than 3% on better-than-expected earnings while United Rentals surged 8.2% on its quarterly numbers. Dow member Travelers Cos gained 2.3% on its earnings report while Snap-on jumped 6.5%.

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