Stocks logged their fifth day of gains despite its early losses. The markets initially opened lowered following disappointing holiday sales from Macy’s and a revenue guidance cut from American Airlines which pressured both the retail and airline sectors. The announcements come as the 4Q earnings season for calendar 4Q 2018 are set to ramp up. J.P.Morgan Chase, Bank of America, BlackRock and Morgan Stanley are among the companies set to report next week. On another note, fear the US government shutdown might continue for a longer time also pushed equities lower. At the end of the day, the major indices reversed early losses, closing in the green across the board:

DOW +122 at 24001
SP500 +11 at 2596
NASDAQ +28 at 6986

The 10 Year Treasury yield closed up slightly basis point to yield 2.73%
Oil prices closed +.50 at 52.86 a barrel
Gold prices closed -5.00 at 1287.00 an ounce

In the days’ stock news:

Macy’s plunged more than 17%, posting their worst day ever, after reporting its same-store sales grew by just 1.1% in November and December. The company also cut its earnings and revenue forecast for fiscal 2018. M closed -5.61 at 26.11.