WEEKLY UPDATE Weekly Review The stock market continued to advance into new record-high territory, boosted by releases from major third quarter corporate earnings reports. This past week marked the fifth consecutive weekly gain for both the Dow Jones Industrial Average and the S&P 500 Index despite a number of political and geopolitical anxieties among investors….
Tag: finance
Financial Friday – October 6th, 2017
WEEKLY UPDATE Weekly Review This past week the stock market continued to move higher with the NASDAQ Composite Index, the small-cap Russell 2000 Index, and the S&P 500 index recording new highs. Investors shifted their focus to the Trump administration’s announcement of a new tax plan that sounded beneficial to the economy and middle class,…
Financial Friday – September 29th, 2017
WEEKLY UPDATE Weekly Review This past week the stock market ended “mixed” with the Dow Jones Industrial Average and S&P 500 indexes recording marginal gains while the NASDAQ Composite Index slipped modestly lower. Investors were wary of continued rhetorical threats between President Trump and North Korean dictator Kim Jong-un who boasted North Korea would test…
Financial Friday
WEEKLY UPDATE Weekly Review This past week investors were more focused on macro events than on individual economic reports. Stock market sentiment was negatively impacted by continuing geopolitical troubles with North Korea and its nuclear weapons testing program, the weekend arrival of potentially catastrophic Category 5 hurricane Irma in Florida, and waning confidence in Congress…
Rate Rises Again in Second of 3 Expected Hikes
The Federal Reserve voted on Wednesday to raise the key interest rate one-quarter percentage point, ticking off the second of three hikes slated for this year. Analysts largely predicted the outcome, even as lagging inflation gave cause for concern. “In view of realized and expected labor market conditions and inflation, the [Federal Open Market] Committee…