The market kicked off the week with gains on Monday, with stocks ending trading near session peak levels. Crude oil prices also rose ahead of the OPEC meeting set for later this week.
It’s true: Personal finance is all about the numbers. Read all about the four numbers you need to pay attention to in this week’s Financial Tip.
Director of Research, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss the S&P/Case-Shiller Home Price Index, the Federal Reserve’s Beige Book release on Wednesday, May’s ISM Manufacturing Index and what they expect for May’s Employment Situation release on Friday.
A rally late last week pulled the markets higher, but not enough to overcome a midweek tumble. On Monday, stocks increased on a jump in commodity prices boosting shares of energy and mining companies.
Director of Research, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss April’s new and existing home sales, the Federal Open Market Committee Minutes from the May meeting, the first revision of first quarter’s GDP and the University of Michigan’s Consumer Sentiment Survey.
The S&P 500 and NASDAQ Composite inched to fresh highs Monday, lifted by gains in technology and energy shares. Energy firms were the best-performing sector in the S&P 500, adding 0.7% as oil prices climbed. Declines in industrial-metals prices weighed on materials producers, limiting gains.
For the week beginning May 15, 2017, Director of Research, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss earnings, housing starts, industrial production and mortgage applications.
A climb in technology shares buoyed U.S. stocks, boosting the Nasdaq Composite to a fresh record on Monday. The gains lifted Apple, Google-parent Alphabet, Microsoft, Amazon.com and Facebook to records, the first time those companies—the five largest by market capitalization—all reached highs on the same day.
For the week beginning May 8, 2017, Director of Research, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss the S&P 500’s earnings, as well as expectations for the CPI, PPI, April Retail Sales and Consumer Sentiment Survey.
Indices closed well into the green zone on Monday. Consumer staples and financial brands led the upswing as stocks stepped up on French election inspiration. Centrist Emmanuel Macron won the first round of France’s presidential elections over far-right candidate Marine Le Pen. European markets rallied on the news.
