Guest post by Joe Hoft

January’s stock market gains were the greatest ever for a January in the more than 100 years of the DOW.

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January 2019 is being labeled the best January for the stock market in 30 years –

Wall Street stocks finished a banner month on a mostly positive note Thursday (Jan 31), with the Dow notching its best January in 30 years, reversing the bruising finale to 2018.

The Dow Jones Industrial Average ended the month at 24,999.67, a 0.1 per cent dip for the session, but up 7.2 percent for all of January.

The broad-based S&P 500 closed at 2,704.10, up 0.9 per cent for the session and 7.9 per cent for the month.

The tech-rich Nasdaq Composite performed even better, closing the month at 7,281.74, up 1.4 per cent for the session and 9.7 per cent for the month.

The highlights of the session included banner results from Facebook that lifted the social media giant 10.8 per cent.

Stocks also picked up momentum late in the session when President Donald Trump hailed “tremendous” progress in US-China trade negotiations held over the last two days in Washington.

In a letter from Chinese leader Xi Jinping to Trump that was read out by the Chinese delegation, Xi said relations were at a “critical” stage and that he hoped “our two sides will continue to work with mutual respect.”