Financial Review

Friday the 13th

Informações:

Synopsis

…Nasdaq record; S&P tops 2800. JPMorgan, Citi, and Wells Fargo post earning: good, bad, ugly. Amazon eyes networking; next week – Prime. Mueller indicts 12 Russian officers, days before Trump-Putin summit. Financial Review by Sinclair Noe for 07-13-2018 DOW + 94 = 25,019 SPX + 3 = 2801 NAS + 2 = 7825 RUT – 3 = 1687 10 Y -.02 = 2.83% OIL + .25 = 70.58 GOLD – 5.90 = 1242.00   The S&P 500 is up about 4.5% year to date – nothing to get excited about. The S&P is still trading about 70 points shy of its high in late January, but today it did close above the 2800 barrier. A rally in March stalled at the 2800 level, so today’s close is more than just a round number, it a break above resistance. The top five performing stocks in the S&P 500 so far this year: AMD, Twitter, Tripadvisor, Abiomed, and Netflix. The Nasdaq Composite inched higher but it was good enough for another record high close. Stocks posted strong weekly gains, with the Dow, S&P 500 and Nasdaq all rising more than 1.5 percent. Just over 5 percent of S