Market Commentary 08/25/2008
The Markets
Wall Street ended a volatile week with sharp gains Friday after Federal Reserve Chairman Ben Bernanke said inflation pressures should moderate and as oil prices fell. Still all major
Source: Morningstar.com. * Past performance is no guarantee of future results. Indexes are unmanaged and cannot be invested into directly. Three and five-year returns are annualized. The S&P, excluding “1 Week” returns, is a reflection of return to an investor, by reinvesting dividends after the deduction of withholding tax.
Fewer Jobless – The number of Americans filing new claims for unemployment benefits dropped Read more…
Market Commentary 8/18/2008
The Markets
Wall Street ended the week mixed even after oil fell to its lowest price in three months. The Dow finished the week down 0.49 percent to close at 11,659.90. The S&P rose 0.22 percent to close the week at 1,298.20, while the NASDAQ ended the week up as well, closing 1.59 percent higher at 2,452.52.
Source: Morningstar.com. * Past performance is no guarantee of future results. Indexes are unmanaged and cannot be invested into directly. Three and five-year returns are annualized. The S&P, excluding “1 Week” returns, is a reflection of return to an investor, by reinvesting dividends after the deduction of withholding tax.
Record Exports – U.S. exports hit a record high of $164.4 billion in June, More…
Market Commentary 8/11/2008
The Markets
A rising dollar and falling oil overshadowed news of higher unemployment and lower worker productivity last week, giving the major indexes their largest weekly gains since April. The dollar gained its highest level against the euro since February, contributing to the continued drop in oil prices that now totals a decline of more than $30 a barrel over the past four weeks. The Labor Department reported slightly slower growth in worker productivity, with a second quarter gain of just 2.2 percent compared to the 2.7 percent analysts had predicted. The Dow ended the week with a 3.71 percent gain to close at 11,734.32. The S&P rose 2.93 percent to end the week at 1,296.32, and the NASDAQ climbed 4.46 percent to finish the week at 2,414.10.
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Holding Pattern – The Federal Reserve voted this week to hold the federal funds rate at 2 percent, More…
Market Commentary 7/28/2008
THE MARKETS
Wall Street closed a volatile week with uneven gains Friday after better-than-expected economic numbers calmed the market which a day earlier was dealing with concerns from the housing and the financial sectors. The Dow ended the week down 1.09 percent to 11,370.69. The S&P lost 0.22 percent for the week to finish at 1,257.76, while the NASDAQ rose 1.22 percent to end the week at 2,310.53.
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Take Your Order? – The Commerce Department released its durable goods report on Friday, more…