Weekly Vantage Point
Stocks Weaken Ahead of Hurricane Irma
Submitted by Guidant Planning on September 12th, 2017
September 11, 2017–U.S. stocks finished the holiday-shortened trading week modestly lower, as Wall Street investors remained cautious ahead of a possible North Korean ballistic missile test and the weekend arrival of Hurricane Irma in southern Florida. Energy and technology companies tumbled on Friday.
Best Week of the Year for NASDAQ Composite
Submitted by Guidant Planning on September 8th, 2017Best Weekly Gain in a Month
Submitted by Guidant Planning on August 29th, 2017
August 28, 2017–U.S. stocks rebounded from two days of selling on Friday, but still recorded the strongest weekly performance in over a month. Friday’s rebound was sparked by comments within Fed Chair Janet Yellen’s Jackson Hole, Wyoming speech which were not as hawkish as many economists had expected.
Volatility Spikes Amid Political and Geopolitical Tensions
Submitted by Guidant Planning on August 22nd, 2017Equities Retreat on North Korean Missile Threats
Submitted by Guidant Planning on August 15th, 2017Dow Industrial Slogs to New Record High
Submitted by Guidant Planning on August 8th, 2017
August 7, 2017–U.S. stocks advanced on Friday following a stronger-than-expected July payrolls report with non-farm jobs up 209,000 last month, topping economists’ consensus forecast by 29,000. The U.S. dollar strengthened as wage growth rose 0.3% (the largest increase in five months) and new manufacturing jobs exceeded projections.
Most Equity Averages Slip Amid Tech Selling
Submitted by Guidant Planning on August 1st, 2017
July 31, 2017–U.S. stocks ended mostly lower Friday, as an outsized earnings miss by a leading online retailer rattled global investors, offsetting optimism from an in-line second quarter GDP report. Only the Dow Industrials ended positive on Friday and for the week, reaching new all-time highs for three consecutive sessions.
Stocks Slip from All-Time Highs
Submitted by Guidant Planning on July 25th, 2017Stocks Rally on a Lower-for-Longer Rate Outlook
Submitted by Guidant Planning on July 18th, 2017
July 17, 2017–U.S. stocks advanced Friday, pushing the S&P 500 and Dow Industrials to new all-time highs for the first time in a month, as investors interpreted weak retail sales and inflation data as a sign that interest rates will remain lower for longer. The June consumer price index was unchanged, missing expectations for a 0.1% rise after a 0.1% decline in May.