In Today's Update:
1) Stocks closed significantly higher and the U.S. Equity markets posted their first 4-week winning streak since August of last year after a report of potential progress in trade talks between the U.S. and China. The Dow Jones Industrial Average gained 336.25 or 1.38%, the S&P 500 added 34.75 or 1.32% while the Nasdaq 100 closed higher by 72.76 or 1.03% and the Russell 2000 finished higher by 15.25 or 1.04%.
2) Crude Oil Futures closed slightly higher while Gold Futures slipped and finished lower by $2.60 or 0.20% on signs of strength in the U.S. dollar. The Bond market traded lower on Friday and the yield on the 10-year treasury note edged higher to 2.786%.
3) The equity markets will be closed on Monday in observance of Martin Luther King Jr Day. The short week ahead will be a quiet one for economic data reports but will be another active week for quarterly earnings reports.