Market Update | Week Ending 06/15/19

Stocks up for the week High-profile mergers and a strong May retail sales report lifted stocks this week. The Dow Jones Industrial Average closed the week at 26,089.61, up 0.4% from 25,983.94 last week. It’s up 11.8% year-to-date.  The S&P 500 closed the week at 2,886.98, up 0.5% from 2,873.34 last week. It's up 15.2% year-to-date.  [...]

Market Update | Week Ending 06/08/19

Fewer new jobs created in May, though unemployment remains at 50 year low The Bureau of Labor Statistics reported that 75,000 new jobs were created in May. That was well below analysts’ expectations of 175,000 new jobs. The unemployment rate held steady at 3.6%, a 50-year low. Average hourly wages were up 3.1% from one year ago.  [...]

Market Update | Week Ending 05/31/19

Stock markets drop for the fourth straight week over trade war fears Stocks dropped sharply this week as increased trade tensions with China led to a fourth straight week of losses. To make investors more depressed, President Trump announced that he would take emergency powers and place a 5% [...]

Market Update | Week Ending 05/25/19

Breakdown in China trade talks causes stocks to drop Just three weeks ago, stock markets reached all-time highs as investors felt a trade deal with China was close. Unfortunately, stocks have dropped sharply over the last three weeks, as it appears that the proposed deal has fallen through. The U.S. [...]

Market Update | Week Ending 05/18/19

California home prices soar in April California home prices hit a new statewide median price record. The California Association of Realtors reported that the median price paid for a resale home in April was $602,920, up 6.5% month-over-month, from $565,880 in March. Year-over-year, the median price was up 3.8% from $584,460 last April. Prices dropped [...]

May 2019 Market Update – video

What's the median sales price in the San Fernando Valley? How many homes were closed? How many were listed? At what percentage of their original list price did homes sell on average? These questions and more are answered in the May 2019 Market Update. If you're going to buy [...]

Market Update | Week Ending 05/11/19

Stocks retreated this week among trade tensions After several months of optimism that a trade deal with China was imminent, talks broke down this week, causing stocks to lose ground and mortgage rates to fall.  The Dow Jones Industrial Average closed the week at 25,942.37, down 2.1% from 26,504.95 last week. It’s up 11.2% [...]

Market Update | Week Ending 05/04/19

U.S. Employers add 263,000 new jobs in April The unemployment rate is at the lowest level since 1969. The Labor Department reported that 263,000 new jobs were added in April. That crushed experts' expectations of 190,000 new jobs. The unemployment rate dropped from 3.8% in March to 3.6% in April, the lowest unemployment rate since 1969. Average [...]

Market Update | Week Ending 04/27/19

NASDAQ and S&P 500 closed the week at all-time record highs Strong corporate earnings, lower interest rates, and an easing of trade tensions encouraged investors who pushed stocks to record highs. A strong first-quarter GDP report released Friday showed that the economy grew 3.2% in the first quarter of [...]

Market Update | Week Ending 04/20/19

Stock markets hover near all time highs In a holiday-shortened week, stocks closed almost unchanged. About 1/3 of companies have reported first-quarter earnings so far. Most of those companies had a strong first quarter. China’s economic numbers have come in stronger than expected. The Dow Jones Industrial Average closed the week at 26,559.54, [...]

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