The week began on a mixed note with the Dow Jones Industrial Average gaining while the S&P 500 index was off a few points. Indices closed in the red zone on Tuesday, when early market momentum faded during afternoon trading. In economic news, the Census Bureau reported that the international trade deficit increased $3.8 billion to $48.7 billion in October over September. The October increase in the goods and services deficit reflected an increase in the goods deficit of $3.8 billion to $69.1 billion and a decrease in the services surplus of less than $0.1 billion to $20.3 billion. Additionally, the ISM Non-Manufacturing index dipped from 60.1 in October to 57.4 for November. Markets were again mixed on Wednesday, this time with both the Dow and S&P closing in the red while the NASDAQ posted slight gains on a rebound in the Technology sector. However, gains in the Technology sector failed to offset losses in the Energy sector. Indices closed with gains on Thursday and bounced again on Friday, closing at new record highs. A stronger than expected jobs report may have helped push the Dow and S&P 500 to positive territory. Department of Labor figures showed U.S. employers added 228,000 jobs in November. The results exceeded estimates of 190,000. Additionally, consumer confidence is on the wane for December, as the University of Michigan’s consumer sentiment index’s preliminary reading fell to 96.8 from 98.5 in November. Economists were expecting a jump to 99.
This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be traded by Henssler Financial. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing. Henssler is not licensed to offer or sell insurance products, and this overview is not to be construed as an offer to purchase any insurance products.
