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Strength of the Market
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The Strength of the Market is: Strong

The Strength of the Market is: Strong

 

Last week ended with solid gains. Stocks posted a winning week, with the Dow Jones up about 1.4%, the S&P 500 up 2.4% and the Nasdaq climbing 3.9%. Apple surged 13% after announcing plans to spend about $600 billion over four years, in a bid to appease President Donald Trump, notching its best week since July of 2020. Apple surged as Trump announced earlier this week that he would impose a 100% tariff on imported computer chips, with an exemption for companies that are "building in the United States." Investors seemed to mostly look past the “reciprocal” tariffs, which took effect on Thursday night - some of the steepest duties include Syria’s 41% and Laos’ and Myanmar’s 40% rate.

 

Economic reports from last week came back mixed:

•Vehicle Sales - higher than expectation

•Labor Productivity - higher than expectation

•Consumer Credit - lower than expectation

•Jobless Claims - higher than expectation

 

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

 
 
 

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