Many people had their first experience with saving for the future as children when they received a U.S. savings bond as a gift. Savings bonds are issued by the U.S. Treasury Department. However, unlike Treasury bills, notes, and bonds, they are not traded on the open market, and are sold almost exclusively to individuals. EE…
The week’s market action started with a late afternoon rally in U.S. equities on Monday after futures were pressured into the open with the S&P 500 Index finishing up 0.31%. Participation was broad, but led by Technology.
Henssler Research Analysts Nick Antonucci, CVA, and Jacob Keen, join Chief Investment Officer Troy Harmon to discuss the Fed funds rate increase from June, the tariff war with China and the yield curve.
The major U.S. indices closed in red territory as trade tensions ramped up on Monday. The Technology sector was hit particularly hard resulting in the NASDAQ Composite falling nearly 3% in mid-day trading. In housing news, new home sales ticked up in May, with sales increasing 6.7% from April’s revised level and are up by 14.1% from May 2017.
The U.S. Markets started out the week on a mixed note on continuing trade tensions between the U.S. and China. The Dow Jones Industrial Average and S&P 500 Index shed some points while the NASDAQ Composite ended fractionally positive. West Texas Intermediate crude oil increased, settling at $65.85 a barrel, and Energy stocks stepped up as a result.
The U.S. markets posted slight gains on Monday ahead of the Trump-Kim summit in Singapore. On Tuesday, the Federal Reserve kicked off its two-day meeting on monetary policy. Indices closed mixed with the Dow ending fractionally in the red while the S&P 500 and NASDAQ Composite stepped up.
Indices closed well into the green zone on Monday that pushed the NASDAQ up to a new record level. Stocks likely advanced in the wake of stronger-than-expected payroll additions for May. Indices closed with mixed moves on Tuesday, with the Dow shedding some points and both the the S&P 500 and Nasdaq gaining.
Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Research Analysts Nick Antonucci, CVA, and Jacob Keen, to discuss the divergence between growth and value stocks in the market. The Analysts also take a look at how Italy’s debt crisis is affecting the U.S. bond market, and the potential for an upcoming rate hike from the Fed.
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.
