May 18, 2017
The labor market remains strong this month as jobless claims continue to track near record lows. And the factory sector may be accelerating even further based on another exceptionally strong Philly Fed report.
Headlines from Washington didn't rock the market as the Dow, following yesterday's 1.7 percent plunge, gained 0.3 percent to 20,663. And after two days of heavy selling, the dollar also firmed, up 0.4 percent on the dollar index to 97.81.