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.
For the week beginning May 1, 2017, Director of Research, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss the S&P 500’s earnings and give highlights on April’s economic information.
The markets kicked off the week closing in the green zone on Monday, posting their biggest gains since the start of March. In other news, the U.S. Consumer Price Index fell 0.3% for March, after dipping 0.1% in February.
Indices started the week in the red zone, despite rebounding somewhat from early low levels. Financial and Consumer Discretionary stocks appeared to sell off on a variety of economic news.
The markets kicked off the week with mixed moves as the Dow Jones Industrial Average and S&P 500 Index shed some points while the NASDAQ posted gains. The Financials and Telecommunication sectors led the downswing while the Healthcare sector stepped up.
Market indices closed Monday with mixed results; however, movement was relatively flat, likely a result of light trading. The Dow Jones Industrial Average and S&P 500 ended marginally lower while the NASDAQ added fractional gains.
The markets opened the week mixed as investors anticipated the Federal Reserve to raise interest rates later in the week.
The Dow Jones Industrial average kicked off the week closing at an all-time high for the 12th consecutive day on Monday, while the S&P 500 hit a new record level. The NASDAQ also eked out a gain.
