A month of gains for stocks ended with a weekly retreat. The S&P 500 lost 0.30%; the Nasdaq Composite, 0.32%; the Dow Jones Industrial Average, 0.45%. In contrast, overseas shares, tracked by the MSCI EAFE index, advanced 0.14%.,
Last month was the best June for the blue chips since 1938; the best month for the S&P, since 1955. The Dow gained 6.9% in June, the S&P 6.2%.
Transcript: Hello! I’m Derek Merkler and here is my economic update for April 2019. I’ll discuss some of the major headlines that influenced markets in March and will provide insight into what these developments could mean for investors. The 1stquarter of 2019 is behind us and major domestic indices have posted a strong performance for […]
Transcript: Hey! Welcome to April! Here in South Carolina, we seem to finally be turning to spring. We actually have sun instead of the constant rain of the last 6 months. Be careful what you wish for right? Again, I’m Derek Merkler and in this tip of the week I’m addressing a question sent […]
Stocks ended last week higher as volatility slowed, completing their best quarter since 2009. A Friday tweet from Treasury Secretary Steven Mnuchin encouraged investors, referring to “constructive” discussions in the ongoing U.S.-China trade negotiations. The S&P 500 gained 1.27% for the week. The Dow Industrials and Nasdaq Composite both exceeded that advance: the Dow rose 1.60%; the Nasdaq, 1.42%.,,
Foreign shares went the other way. The MSCI EAFE index following international stocks retreated 0.91%.
Friday, the yield of the 3-month Treasury bill exceeded the yield of the 10-year Treasury note for the first time in 12 years. For some analysts, this “inverted yield curve” may imply a short-term lessening of confidence. (Treasury yields move inversely to Treasury prices.)[i]
As a result, the S&P 500 ended the week 0.94% lower. The Nasdaq Composite fell 0.80%, and the Dow Industrials lost 1.19%.[ii],[iii],[iv]In contrast, the MSCI EAFE index following international stocks rose, gaining 0.52% for the week.[v]Read More »