Indices kicked off the week by closing in the red zone on Monday, with stocks trading slightly lower on a variety of economic news. Revisions to Productivity and Costs were in line with expectations, unchanged from the first quarter.
Henssler Research Analysts Nick Antonucci, CVA, and Jacob Keen preview the week’s economic indicators, including the Producer Price and Consumer Price indices, the Fed’s meeting on monetary policy and Friday’s University of Michigan Consumer Sentiment Survey.
While domestic markets were closed Monday in observance of Memorial Day, international markets were still shrugging off concerns about the United States pulling out of the Paris climate agreement the previous week.
Director of Research, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss Factory Orders, the ISM Nonmanufacturing Index, MBA Mortgage Applications, Jobless Claims and Wholesale Trades.
The market kicked off the week with gains on Monday, with stocks ending trading near session peak levels. Crude oil prices also rose ahead of the OPEC meeting set for later this week.
It’s true: Personal finance is all about the numbers. Read all about the four numbers you need to pay attention to in this week’s Financial Tip.
Director of Research, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss the S&P/Case-Shiller Home Price Index, the Federal Reserve’s Beige Book release on Wednesday, May’s ISM Manufacturing Index and what they expect for May’s Employment Situation release on Friday.
A rally late last week pulled the markets higher, but not enough to overcome a midweek tumble. On Monday, stocks increased on a jump in commodity prices boosting shares of energy and mining companies.
Director of Research, Troy Harmon, CFA, CVA, and Research Analyst, Nick Antonucci, CVA, discuss April’s new and existing home sales, the Federal Open Market Committee Minutes from the May meeting, the first revision of first quarter’s GDP and the University of Michigan’s Consumer Sentiment Survey.
The S&P 500 and NASDAQ Composite inched to fresh highs Monday, lifted by gains in technology and energy shares. Energy firms were the best-performing sector in the S&P 500, adding 0.7% as oil prices climbed. Declines in industrial-metals prices weighed on materials producers, limiting gains.
