(July 15th – July 19th, 2019) ~ Presented by Blanke Schein Wealth Management ~ RECAP: stocks dip as earnings season begins; investors wait for the July Federal Reserve meeting, while considering retail sales data and comments from Fed officials. THE WEEK ON WALL STREET Stock benchmarks retreated during the first week of the second-quarter earnings season. As […]
Five noteworthy figures from the previous week $71.89 Where WTI crude peaked last week on the NYMEX. The price of oil reached its highest level in 3½ years during Thursday’s trading session. WTI crude settled at $70.70 Friday afternoon. Brent crude, the other widely used oil pricing benchmark, hit $78 last week and was just […]
Five noteworthy figures from the previous week 3.9% America’s unemployment rate in April. This is the lowest jobless rate recorded by the Department of Labor since 2000. Additionally, initial state unemployment claims fell to a 45-year low last week. Source: Washington Post 1 $2.82 The average price of a gallon of gas, as of Friday. […]
Five noteworthy figures from the previous week 2.3% Economic expansion in the first quarter, according to the Department of Commerce. Although this number fell notably short of the 2.9% GDP reading for Q4 2017, it topped the 2.0% forecast of economists polled by Reuters. Consumer spending only rose 1.1% in Q1, possibly impeded by delayed […]
Five noteworthy figures from the previous week 0.6% The improvement in retail sales in March. This was the first gain in four months, and it beat the 0.4% rise projected by economists surveyed by Bloomberg. Car and truck sales were up 2.0% last month, and consumer purchases at health and personal-care retailers advanced 1.4%, the […]
Five noteworthy figures from the previous week 13.9% The average increase in dividend payments for S&P 500 companies in the first quarter. Recent corporate tax breaks (and rising interest rates) may have encouraged this development. None of the 415 dividend-paying firms listed in the index reduced their dividends in Q1, according to S&P Dow Jones […]
103,000 March’s net jobs gain. This number was certainly disappointing, especially after payrolls swelled with 326,000 more jobs in February. Even so, Department of Labor data shows monthly net job growth in the first quarter, averaging 202,000. Source: New York Times 1 90 The number of consecutive months in which U.S. payrolls have expanded. Though […]
9 The number of consecutive quarters the S&P 500 had advanced, prior to Q1 2018. A win streak just ended for the equities benchmark, which declined 1.2% in the opening three months of the year. The Dow Jones Industrial Average also saw a 9-quarter streak of gains end last week. Source: MarketWatch 1 0.4% How much […]
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