Category Archives: Media

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MARKET WEEK: AUGUST 27, 2018

THE MARKETS (AS OF MARKET CLOSE AUGUST 24, 2018)

Despite a week that included yet more tariff trepidations and negative headlines on the political front, investors celebrated last Friday as several indexes hit new highs. The S&P 500 reached its first record since January, and cemented the current bull run as the longest in history. The Nasdaq and Russell 2000 also broke records, rising by 1.66% and 1.93%, respectively. Stock investors seemed to be reassured by Fed Chairman Jerome Powell’s optimistic comments during Friday’s conference of central bankers in Jackson Hole, Wyoming.

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MARKET WATCH : AUGUST 13, 2018

THE MARKETS (AS OF MARKET CLOSE AUGUST 10, 2018)

Despite the continued strength shown in corporate earnings reports, investors reeled in their enthusiasm last week, sending the large caps of both the S&P 500 and the Dow plummeting. Ongoing tensions between China, Russia, and now Turkey seem to have dampened investors’ confidence. Following new sanctions levied against Russia by the United States, Russian Prime Minister Medvedev threatened that Russia will consider U.S. sanctions a declaration of economic war. Meanwhile, U.S. threats against Turkey for refusing to release an American pastor added to Turkey’s economic crisis as the lira fell 14% against the dollar. And China has warned of a protracted trade war if the United States continues to add tariffs on Chinese goods.

 

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MARKET WATCH: AUGUST 6, 2018

THE MARKETS (AS OF MARKET CLOSE AUGUST 3, 2018)

Tech and mid-cap stocks performed best last week following strong second-quarter corporate earnings reports. Led by the Nasdaq, each of the benchmark indexes listed here posted gains last week, except for the Global Dow. The S&P 500 enjoyed solid returns and is over 6.0% ahead of its 2017 year-end value. The Dow, which tracks 30 large-cap stocks, ticked up slightly. The small caps of the Russell 2000 bumped over 0.50% higher and are almost 9.0% above last year’s close.

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MARKET WEEK: JULY 30, 2018

THE MARKETS (AS OF MARKET CLOSE JULY 27, 2018)

Tech stocks and small caps took a hit last week as both the Nasdaq and Russell 2000 lost value. The large caps of both the S&P 500 and the Dow closed in positive territory following a turbulent week of trading. Of note last week was the descent in value taken by a major social media company, which lost over $120 billion in market value. Even with the loss, the company’s value remains one of the highest in the world. Trade tensions between the United States and the European Union were eased somewhat last week as negotiations between the economic giants are ongoing. Conversely, relations between China and the United States remain icy. Long-term Treasury prices fell last week, sending yields higher as reports intimated that more restrictive monetary policies of some major central banks are in the offing.

The price of crude oil (WTI) fell again last week, closing at $69.00 per barrel, down from the prior week’s closing price of $70.31 per barrel. The price of gold (COMEX) advanced slightly last week, closing at $1,232.60 by early Friday evening, up from the prior week’s price of $1,231.30. The national average retail regular gasoline price climbed to $2.831 per gallon on July 23, 2018, $0.034 lower than the prior week’s price but $0.519 higher than a year ago.

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MARKET WEEK: JULY 2, 2018

THE MARKETS (AS OF MARKET CLOSE JUNE 29, 2018)

The benchmark indexes listed here continued to trend downward, losing value for the second week in a row. The Russell 2000 and the Nasdaq, both of which had been the leading performers for much of the year, suffered the biggest weekly losses, followed by the S&P 500, the Dow, and the Global Dow. While energy shares performed well on the heels of oil prices reaching a four-year high, overall fears of worsening trade relations between the United States and several of its trade partners pulled investors away from stocks.

Read the rest of the story: https://financialgroup.com/2018/07/market-week-july-2-2018/

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MARKET WEEK: JUNE 18, 2018

THE MARKETS (AS OF MARKET CLOSE JUNE 15, 2018)

Market gains achieved earlier in the week were given back by last Friday as investors appeared to react to China’s retaliatory tariffs on American exports. The deteriorating relationship between the United States and China escalated last week as the Trump administration revealed plans to impose tariffs of 25% on a significant number of Chinese imports. In response, China targeted U.S. exports, including cars and crude oil, for similar tariffs. By the end of the week, the Dow fell the most, suffering through its largest one-week loss since March. Other than the Global Dow, the remaining indexes listed here posted gains, with the Nasdaq climbing over 1.30%. The S&P 500 was virtually unchanged, and the Russell 2000 gained over 0.50%.

Read the rest of the story: https://financialgroup.com/2018/06/market-week-june-18-2018/