MARKETS HIT NEW HIGHS AS THE FED CUTS RATES AGAIN, EARNINGS GROWTH INCREASES AND A GOLDILOCKS JOBS REPORT IS RELEASED U.S. stocks climbed to new record highs amidst a slew of positive actions and data, including the Fed cutting rates for the third time this year, another Goldilocks jobs report and a softening of the […]
MARKETS UP FOR THE THIRD WEEK IN A ROW AS MORE COMPANIES ARE REPORTING POSITIVE EARNINGS SURPRISES THAN EXPECTED U.S. stock markets rose for the third consecutive week, ending very close to their record highs NASDAQ led the way with a gain of 1.9%, followed by the small–cap Russell 2000’s gain of 1.5%, the S&P […]
MARKETS MOSTLY UP AS EARNINGS SEASON KICKS OFF AND THE IMF AGAIN CUTS ITS GLOBAL GROWTH OUTLOOK FOR 2019 Stocks finished the week mostly higher as earnings season got off to a great start and amidst positive developments that the trade saga with China is getting closer to resolution The small–cap Russell 2000 led the […]
To suggest the U.S. consumer is the primary driver of global growth may exaggerate the effect of U.S. consumption, but not by much. The U.S. consumer typically accounts for 70 percent of U.S. GDP, and without much help from business investment or government spending in the current environment, the consumer may account for even more […]
POSITIVE CHINA AND BREXIT DEVELOPMENTS AND ENCOURAGING U.S. ECONOMIC DATA FUEL U.S. AND GLOBAL MARKETS The U.S. stock markets saw more volatility throughout the week, but ended on a strong note due to positive news on the China–trade saga, Brexit and on the U.S. economyNASDAQ and the DJIA led the way with 0.9% gains, followed […]
Markets Rise Modestly in the Third Quarter of 2019 as the Fed Cuts Rates and China Saga Continues The U.S. stock market indices increased modestly in the third quarter, propelling the S&P 500 and the DJIA to their best three-quarter starts to the year since 1997 and NASDAQ to its best three-quarter start since 2013 […]
The HighTower Wealth Management team is happy to share the October 2019 edition of the Monthly Chart Book. HighTower HighTower Advisors, LLC is a SEC registered investment adviser. Securities are offered through HighTower Securities, LLC – Member FINRA/SIPC. This is not an offer to buy or sell securities. No investment process is free of risk, and […]
MARKETS MIXED AS ECONOMIC DATA IS MIXED AND THE U.S. ANNOUNCES TARIFFS AIMED AT EUROPE The markets turned in a mixed week, with the narrowly–defined DJIA, the broader S&P 500 and the smaller–cap Russell 2000 all losing ground while the tech–laden NASDAQ and fixed–income markets moved up It was a volatile week, with the equity […]
U.S. MARKETS DOWN AS IMPEACHMENT AND CHINA WORRIES DOMINATE THE NEWS The major U.S. stock indices retreated this week, as investors appeared unnerved by trade and political noise The DJIA dropped only 0.4%, but the broader S&P 500 pulled back 1% and NASDAQ declined more than 2% The smaller–cap Russell 2000 Index retreated significantly, losing […]
U.S. MARKETS DOWN AS THE FED CUTS RATES, GM STRIKES AND THE WORLD DIGESTS THE ATTACKS ON SAUDI ARABIA U.S. stocks finished slightly lower last week after three consecutive weeks of gains whereas stocks overseas pulled back significantly The DJIA fell 1% and below that 27,000–threshold, whereas the S&P 500 and NASDAQ dropped 0.5% and […]
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