Market Update | Week Ending 08/11/2018

Stocks lower for the week - Stock market indexes posted their first weekly loss since the last week of June. Markets, which were within 1/2% of all time highs last week, after a stellar second quarter earnings season, reacted to a financial crisis in Turkey and an increase in back [...]

Market Update | Week Ending 08/04/2018

157,000 new jobs added in July - The Bureau of Labor Statistics reported that 157,000 new jobs added in July. This was below the 193,000 expected by analysts, but still a healthy number. In the last 12 months job gains have averaged 203,000 a month. Wage growth, which is an indicator of inflation risk, [...]

Market Update | Week Ending 07.28.2018

Strong second quarter earnings lifts Dow and S&P while NASDAQ drops on tech fears -  As second quarter earnings season has begun most companies are reporting better than expected earnings. Social media companies were an exception. The NASDAQ hit an all time high on Wednesday, only to fall sharply [...]

Market Update | Week Ending 07/21/2018

Stocks end week with mixed results - Strong second quarter earnings were hampered by trade and tariff fears.  Stock market indexes were slightly changed from last week. The Dow Jones Industrial Average closed the week at 25,058.12, up from 25,019.42 last week. It is up 1.4% year to date.  The S&P 500 closed the week at 2,801.31, [...]

Market Update | Week Ending 07/14/2018

Stocks up for a second straight week - Stocks rallied again this week as investors expect a robust second quarter profit reporting season. Fueled by tax cuts and a strong global economy, many companies are expected to report double-digit profit growth. Stock markets are now just 3% below their all [...]

Market Update | Week Ending 07.07.2018

U.S. economy adds 213,000 new jobs in June - Unemployment rate ticks up to 4% - The Department of Labor Statistics reported that U.S. employers added 213,000 new jobs in June. Experts had predicted 194,000 new jobs, so this was a very positive report. The unemployment rate increased to 4% as more workers entered [...]

Market Update | Week Ending 06/30/2018

Stocks decline for third straight week - Global markets declined again this week as fears of a global trade war weighed on investors. The Dow Jones Industrial Average closed the week at 24,271.41, down from 24,580.49 last week. It is down 1.8% year to date.  The S&P 500 closed the week at 2,718.37, down from 2,764.88. It’s up 1.7% year [...]

Market Update | Week Ending 06/23/2018

Stocks down sharply for a second consecutive week -  Stocks dropped across the board this week. The  Dow, now in negative territory for the year,  dropped more than 500 points. Continued tensions on trade and tariffs caused investors to fear that a looming trade war could cause a global [...]

Market Update | Week Ending 06/16/2018

Stock markets end the week mixed - The Dow dropped about 1% this week, as the S&P held steady, and the NASDAQ rose.  The Trump administration announced $50 billion in tariffs against China yesterday, which caused markets to drop both here and overseas. The Federal Reserve increased their benchmark interest [...]

Market Update | Week Ending 06/09/2018

Stocks have best week in three months - Stock markets rose this week with the NASDAQ hitting an all time high. Big winners this week included financial stocks which rallied after the new Acting Director of The Consumer Financial Protection Bureau, Mick Mulvaney, told the 25 members of the Consumer Advisory Board [...]

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