January 19, 2019 – Weekend Market Comment

January 19, 2019 – Stocks rose on Friday as investors cheered potential progress in trade negotiations between China and the U.S.

The Dow Jones Industrial Average rose 360 points, led by gains in Caterpillar and Boeing. The S&P 500 climbed 1.4 percent, trading out of correction territory, as the materials and industrials sectors outperformed. The NASDAQ Composite advanced 1.4 percent.

Goldman Sachs and Lululemon had a great week, both up about 15% this week. The best performance for a bank was Zion Bankcorp up 25% in a week. The Canadian market also saw a good run this week.

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