Weekly Vantage Point
October 17, 2016 U.S. stocks gained fractionally on Friday, but not enough to finish positive last week as investors remain cautious about interest rates and hopeful on corporate earnings. Earlier in the week, Wall Street saw the 10-year Treasury spread over 10-year TIPS, a proxy measure of consumer prices, expand to 1.69%, the most since May.
October 10, 2016 U.S. stocks slipped on Friday, adding to the S&P 500’s first weekly decline - in the past four weeks, as nervousness about September’s payrolls report culminated in the smallest monthly jobs gains since May. The economy added 156,000 new jobs last month, trailing expectations for 172,000, while revisions to the prior two months subtracted 7,000.
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.
August 22, 2016—U.S. stocks mostly stalled near record highs last week amid signs that investors are losing patience awaiting a rebound in corporate profits. After digesting second quarter results, Wall Street analysts now forecast that S&P 500 companies’ earnings may decline by 0.9% in the third quarter.