Main stock indexes close at records as earnings get underway

Traders work on the floor of the New York stock exchange on 8 January 2018. Reuters

Also moving to the newly named Communications Sector are Twitter Inc and Snap Inc, both now part of the Information Technology Sector. "It should generate more than a billion dollars flowing into the bottom line", said Ron Weiner president and founder of RDM financial in Westport Connecticut.

S&P 500 profits are expected to have risen 11.2 percent in the fourth quarter of past year. The S&P 500 gained 0.5 percent and reached an all-time high, with energy and industrials as the best-performing sectors.

The S&P 500 is up 112.63 points, or 4.2 percent. The S&P 500 climbed 18 points, or 0.7%, to end at 2,786, for a weekly gain of 2%, while the Nasdaq Composite Index added 49 points, or 0.7%, to close at 7,261.

For the week, they posted gains of at least 1.6 percent. Home Depot rose 1.6 percent and Walmart rose 1 percent.

Читайте также: Silicon Motion Technology Corporation (SIMO) Analysts See $0.48 EPS

Sales at online retailers soared 1.2 percent.

Recent data suggests the US economy is picking up steam.

The Russell 2000 is up 31.96 points, or 2 percent. "It's possible these changes will result in lower ad load in the News Feed".

Advancing issues outnumbered decliners on the NYSE by 1,557 to 1,220.

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