2019 Econoday Investor's Journal Buy Now
Market Reflections  

January 3, 2017
The year's first day of economic news is solidly upbeat, led by a strong ISM report where new orders are up sharply and including wide gains in a construction spending report that will help lift fourth-quarter GDP.

The Dow didn't make a run at 20,000 but did end up 0.6 percent to 19,881. Ford rose 4 percent to $12.59 after canceling plans for a Mexican auto plant following a tweet from President-elect Trump. The dollar index rose a sharp 0.9 percent to 103.25 even though interest rates were little changed. Oil fell more than $1 to $52.50 while gold held steady near $1,160.