Get the latest on financial happenings and Advisor best practices, all in one place.
There was some bullish narrative this week that centered around stabilization of rates, particularly at the policy-sensitive short end of the curve.
All 11 sectors were lower this week with consumer discretionary and utilities faring the worst. The S&P moved back below its 100-day moving average for the first time since March and retested June lows just above 4300.
US equities were down this week, with the S&P and Nasdaq dropping back below their 50-day moving averages.
Stocks closed higher this week but ended the month lower overall. The S&P 500 and Nasdaq suffered their first monthly declines since February.
US equities were mostly higher this week. Nasdaq was the best performer of the major indices, though both Nasdaq and the S&P 500 broke three-straight weekly declines.
Week 40 Talking Points: Surprising job growth keeps another rate hike in sight and more