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Market Outlook – July 31, 2018

Tech Sell-Off Pushes Nasdaq to its Lowest Close   The Nasdaq Composite Index closed to its lowest level since July 5 on Monday. Its drop was attributed to the steady retreat of the popular technology stocks where they closed in the red for a third straight session. The tech-heavy index lost 107.41 points (-1.39%) to …

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Market Outlook – July 30, 2018

Global Markets Drift Lower   On Monday, Asian share markets drifted lower to start a busy week ahead. Technology and energy shares in Japan’s Nikkei slid 0.7% while tech shares in South Korea declined 0.1%. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.5% and the Shenzhen Composite posted the biggest decline as it …

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Market Outlook – July 24, 2018

Dow Jones Extend Losing Streak   The second-quarter earnings season went full steam on Monday as the Dow Jones Industrial Average extends its losing streak for a third session. The blue-chip index shed 13.83 points (-0.06%) with 3M Co. (MMM) dropping 1.5%. According to FactSet data, yesterday was the longest losing skid of the Dow …

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Market Outlook – July 23, 2018

Trump to Meet with European Commission President   With the U.S. figuring in trade battles on many fronts, President Donald Trump is scheduled to meet with European Commission President Jean-Claude Juncker on Wednesday this week. The White House said the meeting will focus on improving transatlantic trade and forge a stronger economic partnership. However, Washington …

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Market Outlook – July 20, 2018

U.S. Indexes Consolidate Gains   With strong corporate earnings driving the market, the major U.S. indexes consolidated their gains on Thursday. As a result, the five-day rally ended. The Dow Jones Industrial Average shed 134.70 points (-0.5%) to end its longest winning streak in two months. The S&P 500 Index lost 11.13 points (-0.4%) but …

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Market Outlook – July 19, 2018

U.S. Stocks Receive Mid-Week Boost   U.S. stocks finished mostly higher on mid-week after Federal Reserve Chairman Jerome Powell concluded his two-day congressional testimonies. The central bank chief appeared before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday. The Dow Jones Industrial Average advanced by 79.40 points (+0.3%) to close …

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Market Outlook – July 18, 2018

Higher Close For U.S. Stocks   Wall Street’s blue-chip index posted its fourth straight advance and an eight gain in the past nine sessions. The Dow Jones Industrial Average advanced 55.53 points (+0.22%) to finish at 25,119.89 on Tuesday. The S&P 500 Index closed higher by 11.12 points (+0.4%) to 2,809.55. Stocks from the materials …

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Market Outlook – July 17, 2018

Strong Earnings Reports Fail to Lift Market   Only the Dow Jones Industrial Average managed to stem Monday’s downbeat session at the U.S. stock market. Investors focused on the corporate quarterly results and upbeat economic data. However, it was not enough to encourage buying. The blue-chip index advanced 44.95 points (+0.18%) and rose to 25,064.36. …

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Market Outlook – July 16, 2018

Global Stocks Inch Higher to Begin the Week   As the earnings season gets underway at Wall Street last Friday, European stocks inch higher but with marginal gains on Monday. About a dozen European companies will be presenting their second-quarter earnings this week. Investors are anticipating strong corporate earnings when the reports begin to flood. …

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