Indices closed well into the green zone on Monday that pushed the NASDAQ up to a new record level. Stocks likely advanced in the wake of stronger-than-expected payroll additions for May. Indices closed with mixed moves on Tuesday, with the Dow shedding some points and both the the S&P 500 and Nasdaq gaining.
Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Research Analysts Nick Antonucci, CVA, and Jacob Keen, to discuss the divergence between growth and value stocks in the market. The Analysts also take a look at how Italy’s debt crisis is affecting the U.S. bond market, and the potential for an upcoming rate hike from the Fed.
The U.S. markets were closed Monday in observance of Memorial Day, and Tuesday, the major indices slipped into the red zone amid political uncertainty in Italy and a drop in crude oil prices. In one of two consumer confidence readings, the Conference Board showed confidence climbed to 128 for May from 125.6 in April.
If you listen to business news, you’ve surely come across GDP—gross domestic product. Learn why it is such an important economic measure in this week’s Financial Tip.
The Dow Jones Industrial Average kicked off the week with its eighth consecutive day of gains as trade tensions between the United States and China have eased. Both the S&P 500 Index and the NASDAQ Composite also posted gains. The ease was short-lived as Stocks slipped amid trade, growth, and geopolitical stress, closing in the red on Tuesday.
Indices kicked off the week on a positive note Monday as Technology stocks led the advance on a variety of economic news. Strong quarterly earnings coupled with Friday’s positive employment report have boosted investor confidence in continuing economic growth. Markets closed mixed moves on Tuesday.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains while we prefer to see companies invest in more innovation, research and development, and new product offerings, that stock buyback programs are not a bad thing.
Chief Investment Officer Troy Harmon, CFA, CVA, and Research Analyst Nick Antonucci, CVA, review April’s market highlights and provide their insight for May, including why they’re watching inflation and interest rates closely.
The major indices started the week on a low note as stocks traded lower on a variety of economic news. Crude oil prices ticked up settling at $68.57 a barrel, which caused energy stocks to decline. Trading was mixed on Tuesday with the Dow Jones Industrial Average closing lower.
Bil Lako, CFP®, explains how one leading economic indicator doesn’t always mean the economy is doomed.
Read more in today’s Marietta Daily Journal.
