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Market Outlook – June 22, 2018

U.S. Benchmarks Fall in Worst Session   The main U.S. stock market benchmarks closed sharply lower on Thursday to register its worst session this month. The Dow Jones Industrial Average extended its losing streak to eight days, falling 196.10 points (-0.8%). This latest losing streak of the blue-chip index matches its longest since March 2017. …

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Market Outlook – June 21, 2018

Nasdaq Closes at a Record   The Nasdaq Composite Index was the bright spot on mid-week as the tech-heavy index rose 55.93 points (+0.7%), carried by a rally in biotechnology stocks. The iShares Nasdaq Biotechnology ETF (IBB) gained 1.7%. The seven of the eleven main sectors of the S&P 500 index closed in positive territory, …

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Market Outlook – June 20, 2018

U.S. Stocks Finish in Red Territory   For the sixth straight session, the Dow Jones Industrial Average fell on Tuesday. The blue-chip index dropped 287.26 points (-1.2%) as industrial stocks reeled from the escalating trade tensions between the U.S. and China. It’s the longest skid for the Dow since March 2017 and the string of …

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Market Outlook – June 18, 2018

China’s Retaliatory Tariffs to Impact on U.S. Oil Firms   China will retaliate and slap tariffs on several American commodities, including oil. U.S. oil imports have soared in the last two years and its worth is nearly $1 billion month. However, with the intensifying tiff over the United States’ trade deficit with majority of its …

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Market Outlook – June 15, 2018

Tech Stocks Rally at Wall Street   U.S. stocks posted gains and closed mostly higher on Thursday. The technology stocks rallied to lift the Nasdaq Composite Index by 65.34 points (+0.9%). The tech-heavy index set an intraday record, closing at 7,761.04 to add to its latest series of recent records. The S&P 500 Index advanced …

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Market Outlook – June 14, 2018

Feds Raise Interest Rates & Cites Economic Expansion   With the U.S. economy currently growing at a pace above 4.0%, the Federal Reserve saw it fitting to raise interest rate once more on Wednesday. The central bank also cited the low unemployment rate and higher inflation as contributing factors to making the decision. The benchmark …

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Market Outlook – June 13, 2018

U.S. Stock Market Indexes Ends Higher   The main U.S. stock market benchmarks ended mostly higher on Tuesday as investors turn to the two-day central-bank meeting. The landmark meeting between United States President Donald Trump and North Korea’s Kim Jong Un was the focus of attention before the members of the Federal Reserve sit down …

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Market Outlook – June 12, 2018

U.S. Main Benchmarks Rise and Shrugs Off Trade Tensions   The main U.S. stock-market indexes closed mostly higher on Monday as investors expect the U.S.-North Korea summit to have a favorable outcome. Also, investors are shifting their focus to the central-bank meetings scheduled to begin on Tuesday. The Federal Reserve, led by Chairman Jerome Powell, …

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