Stock Markets
Despite the turmoil and a shortened week, U.S. stocks
finished higher for a second week in row. To follow suit the S&P 500 entered
a range that appears to be about to reach a record high. The rally was driven
again by positive news around...
Stock Markets
U.S. stocks managed to eek out another gain, ending the week in and the month of August on positive note. The rally was fueled by optimism about the possible reduction of trade clashes between the U.S. and China based on conciliatory...
Stock Markets
It appeared that stocks would finish the week higher Friday until
China unveiled a new round of retaliatory tariffs. That was met with a swift
reply by President Trump vowing to respond, which sent things reeling. As trade
tensions escalated, China announced that it will...
Stock Markets
This is the third straight week that stocks declined,
pressured by ongoing signs of a global economic slowdown and concerns about the
yield-curve. The White House helped trigger a short-term rally when it
announced that some tariffs scheduled to take place in September would be
delayed...
Stock Markets
Escalating trade tensions between the U.S. and China helped
stocks to finish the week modestly lower. Bond yields fell to their lowest
point in three years on volatility. An unexpected drop in China’s currency had
global markets reacting widely. The drop in value was seen...
Stock Markets
It was the worst week of the year so far for stocks. Worries
about escalating trade tensions continue to be a factor in slowing global
economic growth driven by President Trump’s announced 10% tariff on $300
billion worth of Chinese goods that will start this...
Stock Markets
U.S. stocks reached new record highs, spurred by increased
corporate earnings results and strong second-quarter GDP numbers. It appears
U.S. economic growth slowed in the second quarter thanks to trade and business
investment pressures, but consumer spending which has the greatest influence,
beat estimates once again,...
Stock Markets
Corporate earnings announcements took the spotlight last
week as U.S. stocks finished slightly lower overall. Bank earnings were early
reporters of second-quarter earnings season with mixed results. Low credit
losses coupled with solid loan growth reinforce a healthy consumer outlook – a good
sign for the...
Stock Markets
The continued expectations of easing monetary policies
across the globe buoyed stocks higher this week. After the Fed chairman’s
testimony before Congress, the Dow Jones Industrial Average rallied to a new
record high and closed above 27,000. Powell’s comments were clearly aimed at a more
accommodative...
Stock Markets
Stocks managed to extend their recent gains, even with a
shortened holiday week; the S&P 500 closed near its record high. All investors
felt relief after the U.S. and China agreed to suspend new tariffs and resume
negotiations with no specifics. While that was the...