Daily Market Recap - 3:30 pm CST

October 20, 2017

Summary

The U.S. stock market edged higher today after the U.S. senate managed to pass a budget blueprint that is seen as a step toward revamping the tax code. In corporate news, Synchrony and PayPal both reported positive results while GE and Procter & Gamble reported weak third quarter results. In economic news, September existing home sales rose 0.7% month-over-month, beating expectations while remaining below last September's levels. U.S. Treasury yields rose on the strength in the equity markets. The Dow Jones Industrial Average rose 457 points, or 2.0%, for the week.

Overall market indexes

The Dow Jones Industrial Average* was up 166 points or 0.7% to 23,329

The Standard & Poor's 500 Index was up 13 points or 0.5% to 2,575

The NASDAQ Composite Index was up 24 points or 0.4% to 6,629

Bond markets

The 30-year Treasury yield closed higher at 2.89%. And the 10-year Treasury yield finished higher at 2.38%

Commodity markets

The spot price of gold fell $9.06 to $1,281.04
And the price of crude oil rose $0.46 to $51.97

See our Weekly Market Update.

Important Information:

The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2017 is proprietary to Dow Jones & Company, Inc.

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