Stocks Rise this Holiday Shortened Week

Major stock indices had substantial gains this week with the largest gain in the Nasdaq 100 and only a modest gain in the Dow Jones 30 Industrials.  Economic data released this week was mixed but jobs growth in June exceeded estimates.  The Federal Reserve released minutes from their June meeting which stated, “Participants affirmed that […]

Stock Little Changed on This Low Data Week

Major stock indices ended the week with little change.  Economic data showed a sharp decline in May’s new home sales and slowing inflation.  May’s core personal consumption expenditures rose only 0.1% in May and is up 2.6% from a year ago but incomes rose 0.5% and consumption rose 0.2%. Treasury bond yields rose with the […]

Stocks Mixed as Housing Activity Weakens

Most major indices ended the four-day trading week with modest gains except developed international stocks and the Nasdaq 100 was nearly unchanged.  Both existing home sales and building starts fell in May. Treasury bond yields rose with the 30-year bond yield at 4.382% and the 10-Year note at 4.254%.  Freddie Mac reported that the average […]

Stock End the Week Mixed Despite Better Than Expected Inflation Numbers.

Major stock indices ended the week mixed with the best performance in the Nasdaq 100 index and the worst performance in the developed international index.  In May, the headline consumer price index was zero but prices have risen 3.3% over the past year.  The FED met and while acknowledging the trend of inflation, still predicts […]