Financial Review

…Stocks flounder for the week, the month, the year. Sell in May? 1Q GDP at 2.3%; consumers cut back, business picked up slack. Exxon earnings miss. Chevron beat. US Steel clobbered. AZ teacher strike Day 2. Financial Review by Sinclair Noe for 04-27-2018 DOW – 11 = 24,311 SPX + 2 = 2669 NAS + 1 = 7119 RUT – 1 = 1556 10 Y – .03 = 2.96% OIL – .19 = 68.00 GOLD + 6.30 = 1323.60   For the week, the Dow fell 0.6% and the Nasdaq lost 0.4%. The S&P closed down a mere 0.01%, however, that was enough for all three to post their first weekly decline of the past three. Three large-capitalization internet and technology companies (Amazon, Microsoft, and Intel) reported better-than-expected results, and while the stocks mostly gained in response, they ended well off their highs and the advances didn’t spark a broader rally. Exxon Mobil dragged energy companies lower to end an uneven week on Wall Street. So far this month, the Dow is up 0.9% while the S&P 500 is up 1.1% and the Nasdaq has gained 0.8%. Historically, April is