As of January 29, U.S. markets continue to see the record levels despite the lower consumer confidence data which is the lowest since November 2011. S&P 500 index and Dow Jones Industrial Average rose by 0.52% and 0.51%, reaching 1,502.84 and 13,954.42, respectively. Dow saw the highest closing level since October 2007. The following news led the gains:
- Better-than-estimated earnings such as from Pfizer Inc. and Valero Energy Corp.
- Investors focus on the FOMC announcement on Wednesday
- Gains in financial sector led by Goldman Sachs news that it sold its stake in Industrial and Commercial Bank of China