November 21, 2016 - U.S. stocks rose for a second week, extending the rally resulting from Donald Trump's surprise election as investors speculate the president-elect’s developing policies will encourage faster-paced growth. The S&P 500 has added nearly 3% since Election Day, led by a surge in financial and industrial shares.
September 26, 2016 U.S. stocks finished moderately lower on Friday, as investors were put off by a sharp decline in oil; yet following three days of gains, the S&P 500 posted its strongest weekly gain in two months. Oil prices fell nearly 4% on Friday after Saudi Arabia failed to reach an agreement with Iran to cut crude oil production.
In December 2015, the Federal Reserve raised the federal funds target rate to a range of 0.25% to 0.50%, the first rate increase from the near-zero range where it had lingered for seven years. Many economists viewed this action as a positive sign that the Fed had finally deemed the U.S. economy healthy enough to withstand slightly higher interest rates.
June 6, 2016— U.S. stocks ended a holiday-shortened four-day trading week essentially where it began. The S&P 500 finished lower on Friday, ending at 2,099.13 versus 2,099.06 a week earlier, after a disappointing May payrolls report showed the economy added the fewest new jobs since September 2010. Just 38,000 new jobs were added last month.
By Allen G. Yee
Is the stock market correction over? As many of you know, I teach retirement classes regularly at Pasadena City College, Glendale Community College and Crowell Library in San Marino. Amid the recent rally a student asked if I believed the correction was over. I asked him and the rest of the class what they would do if the correction wasn’t over?
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