Weekly Update: June 24, 2019- Stocks Touch a Record High

Weekly Update: June 24, 2019-Stocks Touch Record High

June 24, 2019

Stocks Touch Record High

The Week on Wall Street
The S&P 500 hit an all-time peak of 2,964.03, in intraday trading Friday, while improving 2.20% across five market days. The Dow Jones Industrial Average and Nasdaq Composite posted respective, 5-day advances of 2.41% and 3.01%.

In addition, the MSCI EAFE benchmark of overseas stocks rose 2.58%. A White House tweet and the latest monetary policy outlook from the Federal Reserve sent the bulls running. These were the top two financial news items in an eventful week – a week in which the value of West Texas Intermediate crude rose 9.4%

Weekly Update: June 17, 2019-Further June Gains

June 18, 2019

Further June Gains

The Week on Wall Street
Stocks advanced for a second straight week. The S&P 500 benchmark rose 0.47%; the Nasdaq Composite, 0.70%; the Dow Jones Industrial Average, 0.41%. Overseas shares, as tracked by the MSCI EAFE developed markets index, added 0.20%.

The market seemed to put its recent preoccupation with trade issues aside, with attention shifting to this week’s Federal Reserve monetary policy meeting. Traders in futures markets now believe the Fed will make a rate cut in July, so its June policy statement will be of great interest.

Oil Prices Rollercoaster
Attacks on vessels in the Strait of Hormuz, the busy oil shipping channel…

Big Gains for the Major Indices

June 11, 2019

Big Gains for the Major Indices

The Week on Wall Street
Stocks rallied during a week in which Wall Street was buffeted by headlines. The S&P 500 rose 4.41%. The Nasdaq Composite and Dow Jones Industrial Average respectively added 3.88% and.

Following a mixed Monday, the market jumped Tuesday after dovish remarks from Federal Reserve Chairman Jerome Powell. Breaking out of a 6-week losing streak, the Dow had its best week since, >

Speaking at the Federal Reserve Bank of Chicago, the Fed chair stated that central bank officials “will act as appropriate to sustain the expansion” of the economy in the.…

May Ends with a Retreat

June 3, 2019

May Ends with a Retreat

The Week on Wall Street
Stocks struggled during a 4-day market week as the U.S.-China trade standoff continued to weigh on the minds of market participants.

From the Friday, May 24 close to the Friday, May 31 close, the S&P 500 retreated 2.62%; the Nasdaq Composite, 2.41%; the Dow Jones Industrial Average, 3.01%. The MSCI EAFE index of overseas stocks dipped just 1.47% in a week. , >

Trade is dominating the conversation in the financial markets, with developments steadily unfolding. Wednesday, China’s state.…

“Wormable” Microsoft flaw: What you need to do

May 30, 2019

Welcome to your May Savvy Cybersecurity newsletter. A lot happened in the cyber security world this month. Read on to learn more about:

Why Microsoft users need to update their devices immediately
A scam targeting businesses that has nearly doubled in the last year
Why hospitals are growing more concerned about connected devices
And much more

”Wormable” Microsoft Flaw: What you need to do

Microsoft has announced a major security flaw in its Windows software that rivals the WannaCry worm that infected thousands of devices in 2017. Microsoft warns that this vulnerability is especially dangerous because it requires no user interaction. In other words, once one device is infected it can quickly spread to another vulnerable computer on its own.

Trade Tensions Linger

May 28, 2019

Trade Tensions Linger

The Week on Wall Street
Stocks drifted lower last week as investors considered the possibility that the world’s two largest economies might take some time to resolve key trade issues.

The S&P 500 retreated 1.17%; the Nasdaq Composite, 2.29%; the Dow Jones Industrial Average, 0.69%. The concern over trade was felt elsewhere: the overseas developed markets benchmark, the MSCI EAFE, also lost 1.41% in five sessionsp>

A compromise on tariffs between the U.S. and China did not seem forthcoming last week. Negotiations appeared stalled.…

Trade News Moves the Market

May 20, 2019

Higher Tariffs Take Effects

The Week on Wall Street
Stocks fell sharply at the start of last week over trade tensions, then recovered with help from strong earnings and indications that U.S.-China trade talks would continue. Even so, the major indices had a down week..

At midweek, Secretary of the Treasury Steven Mnuchin told reporters that he expected the U.S. to …

Higher Tariffs Take Effect

May 13, 2019

Higher Tariffs Take Effects

The Week on Wall Street
As we noted recently, Wall Street has a wandering eye. Last week, it focused on the new tariff threats in the ongoing U.S.-China trade dispute. Stocks fell across five trading sessions: the Dow Jones Industrial Average lost 2.12%, the S&P 500, 2.18%; the Nasdaq
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At 12:01 a.m. Friday, duties on $200 billion worth of Chinese products coming to the U.S. rose from 10% to …

Major Indices Have a Mixed Week

May 6, 2019

Major Indices Have a Mixed Week

The Week on Wall Street
Stocks were up and down last week, and the three major benchmarks ended up little changed after five trading days. The S&P 500 rose 0.20% for the week; the Nasdaq Composite, 0.22%. The Dow Jones Industrial Average declined 0.14%.
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While the Fed was not expected to make a move, some investors wondered if its latest policy statement might hint at the possibility of a rate cut later this year. No such hint appeared…

S&P 500 Reaches a New Peak

April 30, 2019

S&P 500 Reaches a New Peak

The Week on Wall Street
Stocks returned to record territory, with both the S&P 500 and the Nasdaq Composite closing at historic highs.

Last month, Wall Street fixated on trade, reacting to even the slightest hint of progress in U.S.-China negotiations. This month, the trade talks have taken a back seat, and the fixation is on earnings.

Anxieties about a possible earnings recession may be fading. So far, first-quarter results for S&P 500 firms are 5.3% above expectations; that compares to a 5-year average of 4.8%…

Table of Contents

Stocks Touch Record High

Table of Contents

Further June Gains

Table of Contents

Big Gains for the Major Indices

Table of Contents

May Ends with a Retreat

”Wormable” Microsoft Flaw: What you need to do

Table of Contents

Trade Tensions Linger

Table of Contents

Higher Tariffs Take Effects

Table of Contents

Higher Tariffs Take Effects

Table of Contents

Major Indices Have a Mixed Week

Table of Contents

S&P 500 Reaches a New Peak