Market Week: June 17, 2013
Posted by Consuelo on Jun 17, 2013 in Market Week | 0 comments
The Markets
Investors already on edge about the future of central bank efforts around the globe seemed unnerved by the Bank of Japan’s decision not to expand economic stimulus efforts there and arguments over a German court challenge to the European Central Bank’s ability to aid weaker eurozone members.
Read MoreMarket Week: June 10, 2013
Posted by Consuelo on Jun 10, 2013 in Market Week | 0 comments
The Markets
All’s well that ends well: After losing 217 points on Wednesday, the Dow came roaring back with a 207-point gain two days later. Despite all the volatility, domestic equities managed minimal gains for the week across all four indices. Investors seemed reassured that the unemployment rate showed continued stabilization of the economy but not enough progress to bring on a quick end to the Fed’s economic support.
Read MoreMarket Week: June 3, 2013
Posted by Consuelo on Jun 3, 2013 in Market Week | 0 comments
The Markets
Whether it was “sell in May, go away” sentiment finally showing up or concern that the Fed might be closer to winding down economic support, investors decided to take profits last week, especially in the large, dividend-paying stocks of the Dow and S&P 500. As anxiety about potential future Fed action continued to build, the 10-year Treasury yield saw gains for the fifth straight week, hampering bond prices.
Read MoreMarket Week: April 15, 2013
Posted by Consuelo on Apr 15, 2013 in Market Week | 0 comments
The Markets
Despite a brief slide early on Friday, the Nasdaq and S&P 500 had their strongest week since the first of the year, and both the S&P and Dow industrials continued to set new all-time highs. Meanwhile, gold, which had been slipping for months, plummeted more than 4% on Friday into official bear market territory; it ended the week at roughly $1,500 an ounce, its lowest close in almost two years.
Read MoreMarket Week: April 8, 2013
Posted by Consuelo on Apr 8, 2013 in Market Week | 0 comments
The Markets
The Dow industrials and the S&P 500 set new record closing highs on Tuesday. Unfortunately, it was mostly downhill after that as investors looking for a reason to take profits found them in a disappointing jobs report, fresh geopolitical tension, and mixed manufacturing data.
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