Stocks moved slightly ahead of last week. Both the large-cap S&P 500 and Dow posted modest gains by week’s end as did the small-cap Russell 2000.
It could be the result of an impending interest rate hike in September, or slumping oil prices, or lackluster earnings reports from some major companies, or it could be just summer doldrums, but the stock market definitely languished this past week…
The stock markets rebounded last week amid a tepid report from the Federal Open Market Committee seemingly halting talk of an imminent interest rate hike.
Despite favorable reports on unemployment claims, home sales, and the Greek debt crisis, the market took quite a hit pretty much across the board last week, apparently in response to mediocre corporate earnings reports from some big-name companies.
Following a week of losses, the market rebounded in a big way for the week ended July 17.
A week of volatility ended with the stock market little changed from the prior week. On Wednesday, the major indices responded negatively to the…
Stock markets closed the holiday week on a sour note for the second week in a row.
Bolstered by very favorable housing news and heightened consumer expectations, the economic news was generally good for the week ending June 26.
The markets responded favorably following the Federal Reserve’s announcement that interest rates would not be raised next month.
Reports from this past week revealed that the number of job openings is increasing, and the federal deficit and crude oil inventories are shrinking, while consumers are spending more of their hard-earned money.