It was a relatively flat week for US stocks last week - a trend that has persisted for most of the June trading month. The Dow Jones Industrial Average eked out a whopping 12 point gain on the week, while the S&P500 added 0.2% after reaching new highs last Monday.
U.S. stocks are hitting record highs this morning catching the momentum of notable tech giants Apple, Facebook and Amazon. Currently both the Dow and S&P500 are up over 0.5% while the tech heavy Nasdaq is making up ground from last week’s losses, currently up over 1% on the day.
Last week all eyes were focused on Thursday with three potential market moving stories playing out over the course of 24 hours – testimony from former Federal Bureau of Investigation Director James Comey, the U.K. general election and a European Central Bank meeting. Of those three stories, the U.K.
Coming off of a record setting week U.S. stocks are in a holding pattern to start a week jammed packed with market moving news events. Throw in another tragic terror attack over the weekend and investors have a lot to chew on here in the early trading hours of a new week.
US stocks posted another solid weekly advance last week with 2 of the 3 major US benchmarks notching new record highs. The Dow Jones Industrial Average closed up 1.3% on the week, while the S&P500 rose 1.4% on the week capped by a record setting close on Friday - the 20th record of the year for the index.
U.S. stocks are off to a roaring start today following a roller coaster of a week last week. In early trading this morning, the Dow is up nearly 0.4% and the S&P500 is up 0.28%.
US equity markets wobbled last week as investors weighed the ongoing political drama against the wind down of one of the best quarterly earnings seasons in years. The S&P500 and Dow Jones Industrial Average fell -0.3% and -0.5% respectively on the week, breaking a streak of three consecutive weekly gains while the Nasdaq Composite Index inched 0.3% higher.
The big news story over the weekend was the French presidential election which resulted in a victory for centrist candidate Emmanuel Macron. Investors favored Macron over far-right candidate Marine Le Pen viewing Macron as the safer choice to bring regional stability.
The major US stock indexes advanced roughly 2% last week in a relief rally ignited by the results of the Presidential election in France last weekend. The Dow Jones Industrial Average advanced 1.9% on the week, while the S&P500 gained 1.5% to close within 0.5% of its all-time record high set on March 1, 2017.
Stocks finished higher last week despite some choppy trading sessions as investors grappled with several geopolitical concerns. TheS&P500 finished up 0.8% on the week, while the Dow advanced 0.5% and the tech-heavy Nasdaq pushed higher by 1.8%.