US markets closed mostly higher on Thursday

24 Feb 2017 Evaluate

The US markets closed mostly higher on Thursday, with the Dow industrials notching a 10th straight record in a choppy session amid persistent concerns about lofty valuations and uncertainty about President Donald Trump’s fiscal stimulus plans. Outgoing Atlanta Federal Reserve president Dennis Lockhart put a plug in for looser bank regulations, saying debate over ways to change the Dodd-Frank financial reform laws were appropriate given the economy’s strength and what he regards as improved bank management. The regulatory pendulum, he said, had likely swung too far in the aftermath of the 2007 to 2009 financial crisis. Community and regional banks in particular should be treated with a lighter touch based on each institution’s risk profile rather than one-size-fits-all rules.

On the economy front, the number of US workers who applied for unemployment benefits in late February rose slightly to 244,000, but layoffs remained near ultralow levels last seen in the early 1970s. Initially claims climbed by 6,000 in the seven days ended February 18 from a revised 238,000 in the prior week. The less volatile four-week average of initial claims, however, dropped by 4,000 to 241,000, touching the lowest mark since July 1973. The monthly average smooths out the volatility in the weekly report. Continuing jobless claims, meanwhile, fell by 17,000 to 2.06 million in the week ended February 11.

Meanwhile, economic activity across the United States weakened in January, signaling softer momentum for the world’s largest economy at the start of 2017. The Chicago Fed National Activity Index decreased to -0.05 in January from a revised +0.18 in December. The contribution from production-related indicators declined in January, as did measures of personal consumption. Employment-related indicators strengthened, while sales, orders and inventories also made a positive contribution.

The Dow Jones Industrial Average added 34.72 points or 0.17 percent to 20,810.32, S&P 500 gained 0.99 points or 0.04 percent to 2,363.81, while the Nasdaq was down 25.12 points or 0.43 percent to 5,835.51.

The Indian ADRs closed mixed; Infosys was up 0.15%, Wipro was up 0.14% and ICICI Bank was up 0.09%. On the other hand, Dr. Reddy’s Lab was down 0.19% and Tata Motors was down 0.14%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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