Market Update | Week Ending 07/20/19

Stock markets ended the week lower Investors took profits as stocks dropped from last week’s record-high levels. Analysts have mixed expectations as they await the start of second-quarter earnings results. That should drive the markets in the coming weeks.  The Dow Jones Industrial Average closed the week at 27,154.20, down 0.7% from 27,332.03 last week. It’s up [...]

Market Update | Week Ending 07/13/19

The Dow exceeds 27,000 for the first time ever This week, Federal Reserve Chairman Powell testified before Congress. He signaled that an argument could be made for an interest rate cut. This led investors to speculate that a cut was likely in the coming months. The Fed controls overnight rates. [...]

Market Update | Week Ending 07/06/19

U.S. economy adds 224,000 new jobs in June The Bureau of Labor Statistics reported that 224,000 new jobs were created in June. That eclipsed analysts’ expectations of 162,000 new jobs. It marked a dramatic rebound from the disappointing 75,000 new jobs added in May.  The unemployment rate inched up to 3.7% from 3.6% in May, which was [...]

Market Update | Week Ending 06/29/19

Stocks finish higher in a robust June Stocks dropped slightly this week, which was their only weekly loss in the month of June. This week, a drop in consumer confidence caused stocks to drop slightly but drove interest rates down. Investors are also watching the start of the G20 [...]

Market Update | Week Ending 06/22/19

Stock markets close week at or near record highs The DOW and S&P hit new highs this week. Stocks finished higher for the third straight week. Investors were optimistic on hopes of lower interest rates as the Federal Reserve signaled that a rate cut this year was being considered. [...]

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 [...]

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