Dow jumps 135 points to record

Dow jumps 135 points to record

Shares of Facebook tumbled Friday after it announced an overhaul of its newsfeed, while USA stocks added to records following data showing higher retail sales in December.

Earnings for S&P 500 companies are expected to increase on an average by 12.1 percent in the quarter with profit for financial services companies likely to increase 13.2 percent, according to Thomson Reuters I/B/E/S.

All three benchmarks finished at all time highs on Friday, along with the Dow Jones Transportation Average and the small-cap focused Russell 2000 index.

Most large technology shares also rose, with Apple, Amazon, Google-parent Alphabet and Microsoft all winning one percent or more. The tech-heavy Nasdaq Composite Index is up by more than 5 percent.

The Nasdaq is up 124.50 points, or 1.7 percent.


After a down day on Wednesday, Wall Street rebounded in a big way Thursday, nearing record closes.

"A lot of these companies like Target and Home Depot are getting on with the internet ecosystem of e-commerce", said Josh Jalinski, president of Jalinski Advisory Group.

The Dow is up 1,083.97 points, or 4.4 percent.

But Facebook sank 4.5% after announcing a plan to update its newsfeed to emphasize posts from friends and family over other content. On the Nasdaq, 1,808 issues rose and 1,069 fell.

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