Market Perspective for August 4, 2017

The Dow Jones Industrial Average made five new all-time highs this week on its way to a gain of 1.19 percent. American businesses created 209,000 new jobs in July, beating the consensus estimate of 175,000. Unemployment fell to 4.3 percent.

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Market Perspective for July 31, 2017

Financials, healthcare and industrials pushed the Dow Jones Industrial Average to another new all-time high on Monday. Consumer spending, factory orders, construction spending and trade deficit data for June will be released this week. Third-quarter manufacturing and service PMIs from Markit and ISM will

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Market Perspective for July 28, 2017

Equities climbed to new all-time highs and the Dow Jones Industrial Average rose 1.16 percent on the week. A dip in technology shares on Thursday and Friday left the Nasdaq down 0.20 percent for the week. The S&P 500 and

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Market Perspective for July 24, 2017

The Nasdaq climbed to another new all-time high on Monday as technology and financials outperformed, while the broader market closed slightly lower. This will be a big earnings and data week. On Monday, manufacturing and services flash PMIs for July

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Market Perspective for July 21, 2017

Several indexes hit new all-time highs this week, led by a 1.19-percent Nasdaq gain. Earnings were largely positive for stocks, and investors focused on growth and guidance as well. Netflix (NFLX) missed earnings, but more than doubled estimates for new subscriptions and

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Market Perspective for July 14, 2017

The Dow Jones Industrial Average, S&P 500 and Russell 2000 closed at new all-time highs this week. The Nasdaq led with a gain of 2.59 percent, the S&P 500 climbed 1.41 percent, the Dow 1.04 percent, and the Russell 2000

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Market Perspective for July 10, 2017

Equities continued to move higher following Friday’s positive jobs report. Financials and industrials are both nearing all-time highs. iShares U.S. Home Construction (ITB) hit another new 52-week high last week and opened at a new high on Monday. Inflation data for June

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Market Perspective for July 7, 2017

Today’s strong June jobs report propelled the market into positive territory for the week. The Dow Jones Industrial Average gained 0.30 percent for the week, the Nasdaq climbed 0.21 percent, and the S&P 500 rose 0.07 percent. The Dow benefited

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Market Perspective for July 3, 2017

Financials led the market higher during Monday’s abbreviated trading, while technology shares continued to trade lower. SPDR Financials (XLF) gained 1.18 percent and SPDR Technology (XLK) fell 0.69 percent. Rising interest rates sent SPDR Utilities (XLU) down 0.46 percent. The

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Market Perspective for June 30, 2017

Broad market indexes rebounded slightly on Friday, but fell on the week as the overdue rotation out of technology stocks and into primarily financials and healthcare sectors continued. SPDR Financial (XLF) gained 3.18 percent, while SPDR Technology (XLK) fell 2.66 percent. The

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