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Stock Market News for January 25, 2017

Benchmarks finished in the green on Tuesday following Trump's latest moves which revives two major oil pipeline projects. Moreover, recent earnings results from some major companies also boosted investor sentiment. All key U.S. indexes rallied yesterday with the S&P 500 and Nasdaq ending at record high levels while the Dow registered its best increase since Jan 3.

For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article.

The Dow Jones Industrial Average (DJI) increased 0.6%, or 112.86 points, to close at 19,912.71. The S&P 500 rose 0.7% to close at 2,280.07. The tech-laden Nasdaq Composite Index closed at 5,600.96, gaining 0.9%. The fear-gauge CBOE Volatility Index (VIX) declined 6% to settle at 11.07. A total of around 6.96 billion shares were traded on Tuesday, higher than the last 20-session average of 6.16 billion. Advancers significantly outpaced declining stocks on the NYSE. For 72% stocks that advanced, 25% declined.

What Boosted the Benchmarks?

President Trump decided to sign two separate executive orders for Energy Transfer Partners, L.P. ( ETP ) and TransCanada Corporation ( TRP ). This would help Energy Transfer Partners to complete construction of Dakota Access oil pipeline and TransCanada to build the Keystone XL oil pipeline. Trump's decision to revive pipeline projects had a positive impact on materials and industrials sectors.

Moreover, E. I. du Pont de Nemours and Company's ( DD ) shares rose 4.5% after the company continued its positive earnings surprise streak with a solid beat in fourth-quarter. ( Read More )

Gains in DuPont led the Materials Select Sector SPDR (XLB) to rise 2.6% and became the best performing sector in the S&P 500. Some of its key holdings including Freeport-McMoRan Inc. ( FCX ) and Dow Chemical Company ( DOW ) rose 8.3% and 4.4%, respectively. Both the companies possess a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Additionally, Industrial Select Sector SPDR (XLI) increased 1% and was another key gainer among the S&P 500 sectors. Some of its components including FedEx Corporation ( FDX ) and Illinois Tool Works Inc. ( ITW ) advanced 3.3% and 2.4%, respectively.

Further, shares of Yahoo! Inc. ( YHOO ) rose 3.5% fourth-quarter earnings exceeded the Zacks Consensus Estimate on higher revenues. The company is on the verge of selling its core assets to Verizon ( VZ ). ( Read More )

Increase in Yahoo led the Technology Select Sector SPDR (XLK) rose 0.6%. Key holdings from the sector including Intel Corporation ( INTC ), International Business Machines Corporation ( IBM ) and Microsoft Corporation ( MSFT ) advanced 2.3%, 2.9% and 0.9%, respectively.

Also, Trump had a meeting with some of the major car companies in order to boost car production only in the U.S. Following this development, shares of key automakers like General Motors ( GM ), Ford Motors ( F ) and Fiat Chrysler ( FCAU ) increased 1%, 2.4% and 5.8%, respectively. ( Read More )

In other earnings news, Johnson & Johnson ( JNJ ) reported a mixed fourth quarter, with earnings beating expectations while sales missing the same. Johnson & Johnson's shares fell 1.9% after disappointing quarterly revenues. ( Read More )

In economic news, existing homes sales fell 2.8% in December from November to a seasonally adjusted rate of 5.49 million, according to the National Association of Realtors. Sales of previously owned homes also came lower than the consensus estimate of 5.52 million. However, total existing home sales for 2016 came in at 5.45 million, reaching its best level since 2006.

Stocks That Made Headlines

Alibaba Beats Earnings and Revenue Estimates in Q3

Alibaba Group Holding Limited ( BABA ) reported third-quarter fiscal 2017 (ended Dec 31, 2016) earnings, significantly exceeding the Zacks Consensus Estimate. ( Read More )

Texas Instruments Q4 Earnings & Revenues Grow Y/Y

Texas Instruments ( TXN ) or TI's fourth-quarter 2016 earnings and revenues were up sequentially and year over year. ( Read More )

Discover Financial Beats on Q4 Earnings & Revenues

Discover Financial Services' ( DFS ) fourth-quarter 2016 earnings beat the Zacks Consensus Estimate and improved 23% year over year. ( Read More )

Canadian National Beats on Q4 Earnings; Ups Dividend

Canadian National Railway Company's ( CNI ) fourth-quarter 2016 earnings edged past the Zacks Consensus Estimate on the back of better expense management. ( Read More)

Intuitive Surgical Beats on Q4 Earnings & Revenues

Intuitive Surgical Inc. ( ISRG ) posted strong adjusted earnings in the fourth quarter of 2016, courtesy of stellar revenue growth. ( Read More )

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ENERGY TRANSFER PARTNERS (ETP): Free Stock Analysis Report

TransCanada Corporation (TRP): Free Stock Analysis Report

E.I. du Pont de Nemours and Company (DD): Free Stock Analysis Report

Freeport-McMoran, Inc. (FCX): Free Stock Analysis Report

Dow Chemical Company (The) (DOW): Free Stock Analysis Report

FedEx Corporation (FDX): Free Stock Analysis Report

Illinois Tool Works Inc. (ITW): Free Stock Analysis Report

Yahoo! Inc. (YHOO): Free Stock Analysis Report

International Business Machines Corporation (IBM): Free Stock Analysis Report

Intel Corporation (INTC): Free Stock Analysis Report

Microsoft Corporation (MSFT): Free Stock Analysis Report

General Motors Company (GM): Free Stock Analysis Report

Ford Motor Company (F): Free Stock Analysis Report

Fiat Chrysler Automobiles N.V. (FCAU): Free Stock Analysis Report

Johnson & Johnson (JNJ): Free Stock Analysis Report

Alibaba Group Holding Limited (BABA): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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