Stocks End the Week Mixed as the Government Shutdown Drags On
Major stock indices ended the week mixed with modest gains in the Nasdaq 100 and Dow 30 Industrials and the biggest drop in the Russell 2000 small cap index. The market moves each day were driven by earnings announcements and by changes in the outlook for FED rate cuts. On Wednesday, the Federal Reserve chose […]
Stocks End the Week With Gains As Consumer Prices Rise Less Than Expected
The partial government shutdown has entered its fourth week. The Labor Department called back employees, despite the shutdown, to issue the Consumer Price Index for the month of September. This report was critical as it is used to calculate the cost-of-living adjustment for Social Security which was announced Friday at 2.8%. Consumer prices increased more […]
Stocks End the Week Mixed on Positives Start to Q3 Earnings and Continued Uncertainty Over China Trade
Major stock indices ended the week mixed with the best performance in developed international and emerging markets. The biggest decline was in the Russell 2000 small cap index. Most federal government data was not released this week due to the shutdown. Treasury bond yields fell with the 30-year bond yield at 4.601% and the 10-Year […]
Stocks End the Week with Substantial Losses on China Trade Developments
Stocks sold off sharply on Friday, on reports that the U.S. China trade talks have broken down over rare earth minerals and threats of much higher tariffs on Chinese goods. The U.S. is dependent on China for rare earth minerals for many different applications and these new limits could have negative economic impacts. For the […]
Stocks Gain Despite Government Shutdown
Stocks rose this week despite the government shutdown that began on Wednesday. This prevented the release of some government economic data, including the September jobs report. The private ADP report, that does not include government jobs, showed employment declined in September. This may have spurred bets of additional FED rate cuts this year. The biggest […]
