MARKET UPDATE: AUGUST 5, 2019

The Markets (as of market close August 2, 2019) Not even a strong labor report could save stocks from tumbling last week, likely in response to President Trump’s tweet that he intended to raise tariffs on an additional $300 billion worth of Chinese imports beginning next month. Trading volume spiked last week as did volatility,… Read more »

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MARKET UPDATE: JULY 29, 2019

The Markets (as of market close July 26, 2019) Strong earnings reports plus a favorable gross domestic product report were enough to boost stocks last week. The S&P 500 notched a new record high last week, as did the Nasdaq. The GDP expanded at an annualized rate of 2.1% in the second quarter as consumer… Read more »

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MARKET UPDATE: JULY 22, 2019

The Markets (as of market close July 19, 2019) Each of the benchmark indexes listed here closed last week in the red. Energy stocks dropped as oil prices fell. Stocks in communication services and transportation also declined, impacting the large-cap indexes. Comments from the Fed pointed to signs of economic distress, and leaned toward a… Read more »

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MARKET UPDATE: JULY 15, 2019

The Markets (as of market close July 12, 2019) Both the Dow and the S&P 500 reached new record highs last week. The Dow surged past 27000 for the first time, while the S&P 500 surpassed the 3000 threshold. Anticipated testimony from Fed Chairman Jerome Powell lent credence to the expected interest rate cut at… Read more »

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