Markets End Week with NASDAQ and S&P Record Highs

Hosts Gene Henssler, Ph.D., Matt Hames, CTFA, Charlie Holloway, CFP®, CDFA™ and Troy Harmon, CFA to discuss the week’s market movements and earnings releases. The week ended on a high note with both the S&P 500 Index and the NASDAQ closing at record highs. Overall the week kept an upward trajectory, except for Tuesday when Travelers Companies led the Dow decline in the wake of less-than-stellar quarterly earnings.

Dow and S&P 500 Had Their Third Straight Week of Losses

Last week the Dow and S&P 500 had their third straight week of losses, which sent both back into negative territory for the year. The dollar continued to gain strength, hitting $1.06 against the euro (its highest level since January 2003), while the price of oil, which had been above $50 a barrel at the beginning of the month, fell to roughly $45. The experts also discuss Wholesale Trade, the Job Openings and Labor Turnover Survey, mortgage rates.