Market Roundup: New Record Highs Reached by Dow and S&P

The major indices started the week closing lower on investors’ concerns about interest rates, despite the previous week’s strong monthly employment report. Healthcare and Technology sectors weighed on the market while the Utilities sector showed relative strength. Market moves were mixed Tuesday ahead of Federal Reserve Chairman Jerome Powell’s testimony before Congress, with the Dow…

New Record Highs

Indices ended the session with gains on Friday, July 12, 2019. The Dow, S&P 500 and Nasdaq closed at all-time record heights. Technology brands including Apple, Microsoft, IBM and Cisco stepped up. In M&A action, industrial equipment maker Hillenbrand agreed to acquire plastics-processing gear manufacturer Milacron Holdings in a deal valued at $2 billion, including…

Mixed Moves

Indices ended with mixed moves on Thursday, July 11, 2019. The Dow Jones Industrial Average and the S&P 500 Index closed at record highs while the NASDAQ Composite traded fractionally lower. Health care brands including UnitedHealth Group and CVS stepped up after the White House announced it would withdraw from a proposal that would curb…

Stocks Step Up

Indices ended in green territory on Wednesday, June 10, 2019. The NASDAQ Composite closed at a new record high and the S&P 500 Index briefly rose above 3,000 for the first time. Stocks rallied on the release of FOMC minutes as well as the semiannual Monetary Policy Report to Congress. Comments from both suggested the…

Mixed Moves

Indices ended trading with mixed moves on Tuesday, July 9, 2019. The Dow Jones Industrial Average closed in the red zone while the S&P 500 Index and NASDAQ Composite posted gains. Moves were mixed ahead of Federal Reserve Chairman Jerome Powell’s testimony before Congress. Meanwhile, crude oil prices increased. West Texas Intermediate crude added 28…

Red Results

Indices landed in red territory on Friday, July 5, 2019. Brands rebounded from early session lows to close fractionally in the red. Meanwhile, jobs numbers for June were better than expected. Labor Department data, released today, showed 224,000 additions for last month. The result exceeded a forecast for 160,000. Bank stocks including JPMorgan Chase, Wells…