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Market Outlook – October 5, 2018

U.S. Benchmarks Drop as Bond Yields Rise   The three main U.S. stock market benchmarks dropped on Thursday due to the increase of government bond yields. After 5 straight days of gains, the Dow Jones Industrial Average fell 200.91 points (-0.75%) to 26,627.48 and register the index’s worst point-drop since July 11. The Dow dropped …

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Market Outlook – October 4, 2018

Dow Jones Post Longest Winning Streak   For a fifth straight session, the Dow Jones Industrial Average hit another record high on Wednesday to post its longest winning streak since mid-July. The blue-chip index advanced 54.45 points (+0.20%). It also hit an all-time high of 26,951.81 before settling at 26,828.39. The tech-heavy Nasdaq Composite Index …

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Market Outlook – October 3, 2018

Dow Jones Extend Win Streak   The Dow Jones Industrial Average extended its win streak on Tuesday, rising for a fourth straight session. The blue-chip benchmark gained 122.73 points (+0.46%) to close at 26,773.94. It was also its 14th record close in 2018. However, the broader market still fell due to lingering trade fears. Christine …

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Market Outlook – October 2, 2018

U.S. Stocks Close Higher on NAFTA Breakthrough   U.S. stocks had a good fourth quarter start on Monday, closing mostly higher due to the unexpected breakthrough in the NAFTA talks.  The U.S. and Canada reached a deal to come up with a reworked North American Free Trade Agreement. This positive development helped lessen some of …

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Market Outlook – October 1, 2018

Wall Street Enters the Last Stretch of 2018   As Wall Street enters the last quarter of this year, the American consumer appears to be in good shape. And the busy holiday shopping season is approaching. Friday this week is crucial as investors await September’s jobs report. It will validate how the U.S. economy can …

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