US markets closed higher on first trading day of 2018

03 Jan 2018 Evaluate

The US markets closed higher on Tuesday, on the first trading day of 2018, with major indexes rallying to record levels in a broad rally that saw five of the 11 primary sectors gaining more than 1% on the day. Both the S&P and the Nasdaq hit intraday records in the final minutes of trading. They also ended at closing records, with the Nasdaq finishing above 7,000 for the first time in its history. The Dow is less than half a percentage point below its own record. The day’s gain came despite ongoing geopolitical uncertainty. Iran was in focus after nine people were reported dead after overnight clashes between protesters and security forces. The Trump administration said it may impose new sanctions on Iran as the number of civilians arrested in spontaneous nationwide protests that began last week neared 1,000. In North Korea, leader Kim Jong Un said in a speech that Pyongyang had completed its nuclear weapons program, which he claimed would allow a missile to reach any point in the continental US. Kim, however, also suggested he was willing to engage in talks with South Korea, saying North Korea would be open to sending a delegation to the Winter Olympics in the South next month.

Meanwhile, President Donald Trump and many Democrats and Republicans in Congress all enter the New Year spoiling for a fight. Unresolved issues set aside in 2017 to make way for a tax overhaul are poised to surface early in 2018, giving Trump the opportunity for the confrontation with Washington’s establishment that he’s promised since his election. On the economy front, business activity in the US private sector was higher than expected in December, rising optimism over the American economy. In a report, market research group IHS Markit said that its Manufacturing Purchasing Managers’ Index (PMI) rose to 55.1 in December, from the prior reading of 55.0. It was the highest reading since March 2015.

The Dow Jones Industrial Average added 104.79 points or 0.42 percent to 24,824.01 and the Nasdaq gained 103.509 points or 1.50 percent to 7,006.90, and the S&P 500 edged higher by 22.20 points or 0.83 percent to 2,695.81.

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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.

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Fiduciary-first advisory model.
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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.
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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

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