Market Commentary

Market Commentary

Market CommentaryFor the week of September 16, 2019The MarketsStocks were mixed Friday, but the three major indexes rose for a third consecutive week amid encouraging economic news. Retail sales grew more than expected in August. Central banks took economic stimulus measures. President Trump agreed mid-week to delay an added increase in tariffs on Chinese goods, and Beijing added some agricultural products to its list of imports exempted from tariffs. For the week, the Dow rose 1.65 percent to c
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Market Commentary

Market CommentaryFor the week of September 9, 2019 The Markets Stocks rose Friday as investors hoped for another rate cut from the Federal Reserve following a weaker-than-expected jobs report. According to the Labor Department, nonfarm jobs rose by 130,000 last month, compared to 164,000 in July. For the week, the Dow rose 1.53 percent to close at 26,797.46. The S&P gained 1.83 percent to finish at 2,978.71, and the NASDAQ climbed 1.76 percent to end the week at 8,103.07. 
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Market Commentary

Market CommentaryFor the week of September 3, 2019The Markets Stocks were mixed on Friday, closing a wild month of trading. The major indexes experienced their worst monthly performance since May amid continued trade tensions and fears of a recession. For the week, the Dow rose 3.14 percent to close at 26,403.28. The S&P gained 2.83 percent to finish at 2,926.46, and the NASDAQ climbed 2.72 percent to end the week at 7,962.88. Returns Through 8/30/19 1 Week YTD 1 Year
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Market Commentary

Market CommentaryFor the week of August 26, 2019The Markets Stocks tumbled Friday after the President tweeted orders for all U.S. manufacturers to find alternatives to their operations in China. China also announced it would impose tariffs on more American goods in response to the Trump administration’s levies scheduled to go into effect Sept. 1. For the week, the Dow fell 0.98 percent to close at 25,628.90. The S&P lost 1.42 percent to finish at 2,847.11, and the NASDAQ dropped 1
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Market Commentary

Market CommentaryFor the week of August 19, 2019 The Markets Major indexes rallied on the final day of a volatile week on Wall Street. Contributing to the optimism were a rise in bond yields from historic lows on Thursday, a rally in bank stocks and news of a potential economic stimulus in Germany. Still, the three major averages posted their third week of losses. For the week, the Dow fell 1.40 percent to close at 25,886.01. The S&P lost 0.94 percent to finish at 2,888.68, and the
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Market Commentary

Market CommentaryFor the week of August 12, 2019The Markets Wall Street closed a volatile week with stocks dropping Friday. A contributing factor was a remark made by President Trump that diminished hopes of a U.S. – China trade deal in the near future. The President indicated talks scheduled for September may not take place. For the week, the Dow fell 0.61 percent to close at 26,287.44. The S&P lost 0.40 percent to finish at 2,918.65, and the NASDAQ dropped 0.56 percent to end th
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Market Commentary

Market CommentaryFor the week of August 5, 2019 The Markets Stocks dropped Friday amid renewed trade fears. On Thursday, President Trump announced he would impose a 10 percent tariff on $300 billion worth of Chinese imports not currently subject to duties beginning Sept. 1. The S&P 500 and the NASDAQ saw their biggest weekly drops for the year, and the Dow had its second-worst week of 2019. For the week, the Dow fell 2.59 percent to close at 26,485.01. The S&P lost 3.07 percent
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Market Commentary

Market CommentaryFor the week of July 29, 2019 The Markets The S&P 500 and the NASDAQ hit all-time highs Friday following a quarterly report showing U.S. economic growth slowed less than expected. Strong earnings from tech giants like Alphabet and Intel also boosted the S&P.  For the week, the Dow rose 0.14 percent to close at 27,192.45. The S&P climbed 1.66 percent to finish at 3,025.86, and the NASDAQ gained 2.26 percent to end the week at 8,330.21.  Re
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Market Commentary

Market CommentaryFor the week of July 22, 2019 The Markets After breaking records earlier in the week, stocks dropped Friday and posted weekly losses. Contributing factors included growing tension in the Middle East, mixed corporate earnings reports, unsettled trade talks between China and the U.S. and concern over the Federal Reserve’s next move. For the week, the Dow fell 0.61 percent to close at 27,154.20. The S&P lost 1.21 percent to finish at 2,976.61, and the NASDAQ dro
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