Weekly Market Update – Southwest Michigan
While the Dow and the S&P 500 had slight gains for the week, the NASDAQ index rebounded from the prior week’s declines. Foreign stocks were lower. Interest rates fell with the yield curve flattening. Commodities were lower, especially oil and grains. The dollar was mostly unchanged. In the numbers, this week: The National Association of […]
Weekly Market Update – Southwest Michigan
The S&P 500 was nearly unchanged for the week but the week but the Nasdaq declined on further selling of technology shares. Global markets were down slightly. The Federal Reserve boosted short term rates to a range of 1.00% to 1.25% and laid out a plan to gradually reduce the size of its balance sheet […]
Weekly Market Update – Southwest Michigan
US Markets were mixed for the week with the Dow up slightly, the S&P down slightly and the NASDAQ suffering a significant loss after a late Friday selloff in tech stocks. It should be noted that Tech stocks have risen sharply since the beginning of the year. Foreign stocks also experienced losses on the heels […]
Weekly Market Update – Southwest Michigan
U.S. and foreign stocks posted solid gains this week. A weaker than expected May jobs report on Friday did not deter the rally as manufacturing numbers continue to accelerate. The yield on the 10-year treasury bond yield dropped below 2.2% on Friday and the dollar weakened for the week. In the numbers, this week: The […]
