top of page
Strength of the Market
a weekly blog on what's happening in Financial Markets
Search
hyggeadvisors

The Strength of the Market is: Strong

After an expectation-defying jobs report, investors gained confidence around the health of the economy. The S&P 500 finished up 0.22% last week, while the Dow Jones inched higher by 0.09% and the Nasdaq added 0.1%. One mounting concern for investors is the conflict in the Middle East, especially after Iran launched a missile attack on Israel, which increased oil prices 9% last week alone. Even with the geopolitical concerns in the Middle East, Wall Street seems very happy with the U.S. economy's resiliency and the strong 4.1% unemployment rate.

 

Economic reports from last week came back mostly positive:

•Manufacturing (Dallas) - lower than expectation

•Construction Spending - higher than expectation

•Job Openings - higher than expectation

•Employment (Private) - higher than expectation

•Employment (Total) - higher than expectation

•Jobless Claims - in-line with expectation

 

This week, investors will look for guidance from economic reports like Consumer Credit, Small Business Optimism, Inflation, Consumer Sentiment and Jobless Claims.

Comments


bottom of page