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The NYSE Composite Index closed at 19,607.37 on January 17, recording a notable increase of +644.37 points (3.40%) over the past five days. This positive performance comes ahead of Donald Trump’s second tenure as the U.S. President.
The trading week saw the index touch a high of 19,673.71, signaling bullish sentiment in the market, while the low was recorded at 19,548.63, demonstrating steady support levels. The previous close also stood at 19,548.63, underscoring the consistent growth pattern observed during the period.
The inflation rate released in the previous week added up to the market’s optimism as the inflation rate came lower than expected.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.