The U.S. markets were closed Monday in observance of Memorial Day, and Tuesday, the major indices slipped into the red zone amid political uncertainty in Italy and a drop in crude oil prices. In one of two consumer confidence readings, the Conference Board showed confidence climbed to 128 for May from 125.6 in April.
If you listen to business news, you’ve surely come across GDP—gross domestic product. Learn why it is such an important economic measure in this week’s Financial Tip.
The Dow Jones Industrial Average kicked off the week with its eighth consecutive day of gains as trade tensions between the United States and China have eased. Both the S&P 500 Index and the NASDAQ Composite also posted gains. The ease was short-lived as Stocks slipped amid trade, growth, and geopolitical stress, closing in the red on Tuesday.
Indices kicked off the week on a positive note Monday as Technology stocks led the advance on a variety of economic news. Strong quarterly earnings coupled with Friday’s positive employment report have boosted investor confidence in continuing economic growth. Markets closed mixed moves on Tuesday.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains while we prefer to see companies invest in more innovation, research and development, and new product offerings, that stock buyback programs are not a bad thing.
Chief Investment Officer Troy Harmon, CFA, CVA, and Research Analyst Nick Antonucci, CVA, review April’s market highlights and provide their insight for May, including why they’re watching inflation and interest rates closely.
The major indices started the week on a low note as stocks traded lower on a variety of economic news. Crude oil prices ticked up settling at $68.57 a barrel, which caused energy stocks to decline. Trading was mixed on Tuesday with the Dow Jones Industrial Average closing lower.
Bil Lako, CFP®, explains how one leading economic indicator doesn’t always mean the economy is doomed.
Read more in today’s Marietta Daily Journal.
Chief Economic Adviser Roger Tutterow, Ph.D., joins Chief Investment Officer Troy Harmon, CFA, CVA, and Managing Associate K.C. Smith, CFP®, to discuss fiscal policy and what it may mean for our economy. They take a deeper look at the yield curve of U.S. Treasury bonds, and how close the curve has come to inverting.
Indices kicked off the last full week of April mixed with Dow Jones Industrial Average and the NASDAQ Composite ending the session fractionally lower while the S&P 500 index added marginal gains. Trading was fairly flat despite a variety of economic news.
