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 [...]

Market Update | Week Ending 06/02/2018

Employers add 223,000 new jobs in May - Unemployment rate drops to 3.8% - The Department of Labor Statistics reported that U.S. employers added 223,000 new jobs in May. That exceeded the 190,000 that analysts expected. The unemployment rate dropped to 3.8%, the lowest reading since 2000. The unemployment rate has steady declined from [...]

Market Update | Week Ending 05/26/2018

The latest financial update is here. Stay in the know of what's going on with the stocks, the unemployment rate and the home sales pace. Stocks higher this week - Stocks soared on Monday after an announcement that The U.S. and China would hold off on imposing any new tariffs. [...]

Market Update | Week Ending 05/19/2018

California existing home sales and prices increase in April - The California Association of Realtors reported that total existing home sales totaled 416,790 in April, on a seasonally adjusted annualized rate, that was 2.2% higher than last April's sales rate. Prices continued to increase. Statewide the median price paid for [...]

Market Update | Week Ending 05/12/2018

Stocks up over 2% this week - Stock markets gained more than 2% this week. Strong first quarter earnings and a reduced fear of new tariffs sparked a rally this week. Corporate earnings reported for Q1 2018  have been the strongest since the third quarter of 2010.  A cessation [...]

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