Stock market news: January 31, 2019

S & P 500 has written its best start to the year for more than 30 years, as strong earnings results from big names raised stock prices.

<p class = "canvas-atomic text Mb (1.0em) Mb 0) – sm Mt (0.8em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ) rose 0.86%, or 23.05 points, from the market theme, the index grew to 7.9% for the month, and recorded the best January since 1[ads1]987, as the index gave a monthly advance of around 13%. reaction time = "16"> S & P 500 (^ GSPC) rose 0.86%, or 23.05 points, from the market. The index developed at 7.9% for the month, and recorded the best January since 1987, as the index made a monthly advance of around 13%.

<p class = "leather component textile Mb (1.0em) Mb 0) – sm Mt (0.8em) – sm" type = "text" content = "The Dow ( ^ DJI ) slipped 0 , 06%, or 15.19 points, having spent much of the session in red, Nasdaq ( ^ IXIC ) advanced 1.37%, or 98.66 points. "Data-response time =" 17 "> Dow (^ DJI) slid 0.06%, or 15.19 points, after spending much of the session in the red. The Nasdaq (^ IXIC) advanced 1.37%, or 98.66 points.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Stocks that lead the markets higher include Facebook ( FB ) and General Electric ( GE ), both of whom delivered strong results in their latest quarterly reports, Facebook beat Wall Street's top and bottom line expectations of strong user growth and advertiser retention, which continues to reverse to the monolithic social media platform despite a number of data and privacy scandals. "data-reactid =" 18 "> Stocks that lead the markets higher include Facebook (FB) and General Electric (GE), both of which delivered strong results in their latest quarterly reports. Facebook hits Wall Street's top and bottom line expectations of strong user growth and advertiser retention, which continues to turn to the monolithic social media platform despite a host of data and privacy scandals.

At the same time, GE's shares increased most in nine years when the company announced a settlement with the Ministry of Justice and reported that the strength of its aviation activities helped offset the weakness of GE Power.

After the worst of December for shares for 87 years, stocks have bounced back into a spectacular fashion, says Ryan Detrick, senior marketing director of LPL Financial.

"With S & P 500 about 10% away from new heights, we think new heights are quite possible at some point this year," he added. "Positive news from the Federal Reserve and China trade talks, as well as the realization of investors that the odds of a recession in 2019 are quite low can spark potential new heights."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Investors have also had a lot to digest during the race of a busy week for corporate earnings GE GE ), Amazon ( AMZN ), Mastercard ( MA ), Hershey Company ( HSY ) ) and UPS ( UPS ). " data-response time = "22"> Investors have also had a lot to digest during a busy week for corporate earnings. The name that reports today includes GE (GE), Amazon (AMZN), Mastercard (MA), Hershey Company (HSY) and UPS (UPS).

From Thursday morning, 49.7% of S & Q reported. Earnings hit 2.3%, and 65% of companies exceed their bottom line estimates, Jonathan Golub, chief US equity strategist with Credit Suisse, wrote in an email. This compares with 4.9% and 70% over the last three years.

Companies with foreign sales add stronger growth in revenue and earnings per share than companies with a heavier domestic focus with 200 and 290 base points, respectively, Golub adds. This even comes in the light of continued signs of global downturn in growth, especially among political turmoil in Europe and sadness in the Chinese economy.

Data released Thursday gave an indication of an improved – but still anemic – industrial sector in China. An official measurement of China's factory activity from the National Bureau of Statistics increased to 49.5 in January from 49.4 in December. This follows four consecutive months of decline in the meter. However, the index kept below the critical level of 50-indicative contraction in that sector – for the second straight month.

On Thursday, a Chinese delegation led by Vice President Liu Han met Trump management officials for another trading day talks. Trump himself is also expected to meet Liu, who marks the highest trade discussions since Trump's meeting with Xi in early December at G20

STOCKS: GE, Facebook shares wave after posting quarterly results

<p class = "canvas -atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" General Electric ( GE ) hits Expectations on the top line posted the force of their aviation business and announced a $ 1.5 billion prize settlement with the Ministry of Justice on the survey of GE's shuttered subprime mortgage business WMC, quarterly revenue GE came to $ 33.28 billion ahead of Consensus expectations of $ 32.6 billion, although EPS of 17 cents came to 5 cents below estimates, GE received fourth quarter profits in segments, including aviation, healthcare and Baker Hughes oil and gas business, while GE Power posted a loss and a 25 % reduction n in turnover from year to year. " General GE ) hit expectations on the top line posted strength in its aviation business and announced a $ 1.5 billion settlement in principle with the Ministry of Justice over its investigation of GEs Shuttered subprime mortgages business WMC Revenues in the fourth quarter came to $ 33.28 billion, ahead of consensus expectations of $ 32.6 billion, although EPS of 17 cents came 5 cents below estimates. aviation, healthcare and Baker Hughes oil and gas business, while GE Power had a loss and a 25% annual turnover in turnover.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Facebook ( FB ) in results reported late Wednesday posted record results for the fourth quarter and saw growth in daily active users in some geographic views gments. Quarterly earnings per share were $ 2.38 billion in revenue of $ 16.91 billion, ahead of $ 2.19 per share on Revenue of $ 16.39 billion estimated by analysts. The average income per user of $ 7.77 also peaked at 26 cents. Facebook manager Mark Zuckerberg said it plans to push ahead to trading across the platforms Instagram, WhatsApp and Facebook core to help sellers advertise and sell to users. " FB ) in the results reported late Wednesday posted record earnings for the fourth quarter and saw the growth of daily active users in some geographical areas segment. Quarterly earnings per share were $ 2.38 on revenue on $ 16.91 billion, ahead of $ 2.19 per share on revenues of $ 16.39 billion, estimated by analysts, with average income per user of $ 7.77 also peaking at 26 cents Facebook CEO Mark Zuckerberg said it plans to push Continue to trading across the platforms Instagram, WhatsApp and Facebook core to help sellers advertise and sell to users.

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<p class = "canvas-atom texttext Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text Tesla (19659031) TSLA ) shares declined after the company announced on a conversation with investors Wednesday that the CFO is retired to be placed by 34-year-old Zach Kirkhorn, former CFO The company beat fourth quarter revenue expectations , but lost on earnings per share, indicating that it would struggle to increase profits in the current quarter. "Tesla ( TSLA ) shares declined after the company announced on a conversation with investors Wednesday that its CFO goes to retirement, which will be placed by 34-year-old Zach Kirkhorn, former CFO. The company posted expectations for fourth quarter earnings, but lost earnings per share, indicating that it would fight to boost profits in the current quarter.

<p class = "canvas-atom canvas text Mb (1.0em) UPS ( UPS ) delivered fourth quarter adjusted earnings of $ 1.94 per share. (0) – sm Mt ( 0.8em) – sm "type =" text "content =" before estimates of $ 1.90 per share, while revenues were in line with estimates of $ 19.96 billion. Streamlined operations due to increased investments in automation, new aircraft and parcel sorting capabilities contributed to increased earnings, and the company also recognized concerns about slowing international growth – which had also affected FedEx in the fourth quarter – but noted that its & nbsp; "broad portfolio, diverse income base and flexible network "helped" buffers the impact of global economic softening. "" data response time = "46"> UPS ( UPS [19659014]) delivered fourth quarter adjusted earnings of $ 1.94 per share, before estimates of $ 1.90 per share, while Revenue was in line with estimates of $ 19.96 billion. Streamlined operations due to increased investments in automation, new cargo aircraft and parcel sorting capacity contributed to increased earnings. The company also recognized concerns about slowing international growth – which had also affected FedEx in the fourth quarter – but noted that the "broad portfolio, diverse revenue base and flexible network" helped "buffering the impact of global economic softening."

ECONOMY: Initial unemployed claims jumped last week

<p class = "lerretskomponent leriktekst Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Initial unemployed claims rose to a seasonally adjusted 253,000 for the week ending January 26, approaching a year and a half high, heading ahead ahead of expectations of 215,000, according to estimates by Bloomberg. first claims fell to 200,000, the lowest level since October 1969. "data-response time =" 48 "> Initial unemployment claims rose to a seasonally adjusted 253,000 for the week ending January 26, approaching one and one half a year high. The headline figure ahead of expectations was 215,000, according to estimates prepared by Bloomberg. For the week before, the first claims had fallen to 200,000, the lowest level since October 1969.

Continued claims also increased more than expected to 1 782 million a week ending January 19, before the previous week's 1.713 million

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On Friday, the Bureau of Labor Statistics will publish its monthly job report, with consensus estimates requiring 175,000 new private payrolls and 165,000 new, non-farm payrolls, following an increase of 312,000 & nbsp; new non-farm payrolls in December. "data response =" 50 " > On Friday, work management statistics will be their monthly work report, with consensus estimates requiring 175,000 new private payrolls and 165,000 new total non-farm payrolls. This is due to an increase of 312,000 new wage salaries without a farm in December.

<p class = "canvas text text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " The liability index fell 10 basis points to 0, 7% in the fourth quarter, & nbsp; according to a report Thursday & nbsp; from the Bureau of Labor Statistics. The results for the index, which track corporate compensation costs, fell below expectations of 0.8%, or unchanged from the previous quarter. Salary, which accounts for about 70% of the compensation costs, increased 0.6%, while the benefit cost increased 0.7% from the September quarter. "data-response time =" 51 "> The liability index fell 10 basis points to 0.7% in the fourth quarter, according to a report by the Bureau of Labor Statistics on Thursday. The results for the index, which track corporate compensation costs, fell below expectations of 0.8%, or unchanged from the previous quarter. Wage costs, which account for about 70% of the compensation costs, increased 0.6%, while cost costs increased 0.7% from the September quarter.

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<p class = "canvas-atom canvas-text Mb (1.0em) Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck " data-reactid = " 53 "> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom leather text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "[text] content = " Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn [19659011] and reddit . "data-response time =" 54 "> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit .

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