Market Perspective for September 11, 2017

Equities opened higher on Monday after Hurricane Irma weakened rapidly on Sunday. SPDR S&P Insurance (KIE) rose 3 percent at the opening to its highest level in two weeks. The 10-year Treasury yield rebounded above 2.1 percent for the largest

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Market Perspective for September 8, 2017

Energy, consumer staples and healthcare led this week, but the overall market drifted lower as investors assessed Hurricane Irma. SPDR Energy (XLE), Consumer Staples (XLP) and Healthcare (XLV) rallied 1.29, 0.22 and 1.61 percent respectively. SPDR S&P Insurance (KIE) fell 2.76 percent.

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Market Perspective for September 5, 2017

Stocks opened the week choppy as geopolitical concerns in North Korea and another wave of hurricane activity contributed to volatility. Isolated pipelines and refineries restarted this week, alleviating some of the weather-related supply concerns. Shares of U.S. Gasoline (UGA) fell

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Market Perspective for September 1, 2017

Equities rallied this week, led by the Nasdaq’s 2.71 percent gain. Biotechnology shares rallied sharply after Gilead Sciences (GILD) announced the cash buyout of Kite Pharma (KITE). The FDA also approved a promising new Novartis drug for cancer. iShares Nasdaq Biotechnology (IBB)

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Market Perspective for August 28, 2017

The Nasdaq and Russell 2000 gained on Monday, but energy and insurance weighed on the market as traders reacted to Hurricane Harvey. Crude oil prices tumbled, while gasoline prices rose after estimates of Texas refinery downtime increased. Healthcare subsectors registered solid gains,

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Market Perspective for August 25, 2017

Equities rallied this week following substantial gains on Monday and Tuesday. The Nasdaq gained 1.45 percent and SPDR Technology (XLK) 1.03 percent on the week. SPDR Healthcare (XLV) returned 1.21 percent and iShares Nasdaq Biotechnology (IBB) increased 2.26 percent. The Russell 2000

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Market Perspective for August 21, 2017

Healthcare led most of the market higher on the day. Gains were heavily concentrated in the healthcare provider and medical device subsectors. Crude oil prices faded on Monday as SPDR Energy (XLE) fell to a new 52-week low. This week will

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Market Perspective for August 18, 2017

Equities slipped this week on weakness in consumer discretionary shares and global geopolitical concerns. The Nasdaq slipped 0.64 percent, though technology hit a new all-time high on Wednesday and SPDR Technology (XLK) gained 0.05 percent for the week. Utilities led

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Market Perspective for August 14, 2017

Equities bounced on Monday, pushing the Dow Jones Industrial Average back over 2200, and geopolitical tensions eased after the Chinese government blocked imports from North Korea. Stocks were also boosted by better-than-expected Japanese GDP. The Japanese economy grew 1 percent

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Market Perspective for August 11, 2017

The Dow Jones Industrial Average declined 1.05 percent on the week, the NASDAQ 1.50 percent and the S&P 500 1.43 percent. Vanguard Consumer Staples (VDC) increased 0.15 percent alongside other value stocks, while FANG shares Facebook (FB), Amazon (AMZN), Netflix

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