Category Archives: MarketView

Rudd’s MarketView for Tuesday, August 15, 2017

Summary The major domestic equity indexes ended the trading day on Tuesday with little change as declines in Home Depot and other retailers offset upbeat national retail sales data. Home Depot ended the trading day down 2.7 percent and was the largest drag for both the S&P 500 and Dow Jones Industrial Average. Although the…

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Rudd’s MarketView for Monday, August 14, 2017

Summary The major domestic equity indexes recovered nicely on Monday, from last week’s selloff, with the S&P 500 posting its largest one-day percentage gain since April. The primary reason was an easing of concerns that resulted from the bellicose behavior on the part of both the United States and North Korea. Government officials on Sunday…

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Rudd’s MarketView for Friday, August 11, 2017

Summary The three major domestic equity indexes ended the trading day higher on Friday, snapping three days of losses, as the Street came to the conclusion that there will be slower interest rate hikes, but gains were muted by increasingly aggressive exchanges between the United States and North Korea. Weaker-than-expected July consumer price data led…

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Rudd’s MarketView for Thursday, August 10, 2017

Summary The S&P 500 index ended Thursday with its largest one-day drop since May 17 as investors fled riskier assets in response to an exchange of threats between the United States and North Korea. Equities steepened their losses late in the session after President Trump said his earlier warnings to North Korea may not have…

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Rudd’s MarketView for Wednesday, August 9, 2017

Summary The major domestic equity indexes demonstrated a valiant effort to regain much of the ground lost on Tuesday, much of which came late on Wednesday as Wall Street did its best to brush off geopolitical concerns after falling in the wake of U.S. President Donald Trump’s “fire and fury” warning to North Korea. Bargain-seeking…

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Rudd’s MarketView for Tuesday, August 8, 2017

Summary The major equity indexes closed lower for the most part on Tuesday after a late afternoon selling spree as investors fled for safety after President Trump vowed to respond aggressively to any threats from North Korea. After scaling back from record highs earlier in the session, Wall Street’s three major indexes dipped after Trump…

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Rudd’s MarketView for Monday, August 7, 2017

Summary The Dow Jones Industrial Average edged up to its ninth record closing high in a row while the S&P 500 index ended the day on Monday slightly higher, with consumer and technology sector gains offsetting losses in energy. Yet trading volume was relatively light as investors had little reason to make big bets with…

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Rudd’s MarketView for Friday, August 4, 2017

Summary The Dow Jones Industrial Average ended at its eighth straight record high on Friday, with gains in JPMorgan Chase and other banks after data indicated that more jobs than expected were created during the month of July. The strong jobs report is likely to clear the way for the Federal Reserve to announce a…

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Rudd’s MarketView for Thursday, August 3, 2017

Summary The S&P 500 and the Nasdaq fell on Thursday, weighed down by Amazon, Apple and other top-shelf technology stocks, while the Dow Jones Industrial Average edged up to a seventh straight record high. Stocks lost a little ground late in the session after the Wall Street Journal reported that Special counsel Robert Mueller has…

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Rudd’s MarketView for Wednesday, August 2, 2017

Summary The Dow Jones Industrial Average ended the day above the 22,000 mark for the first time on Wednesday, buoyed by Apple’s healthy quarterly iPhone sales, while weakness in other tech stocks held back the Nasdaq and S&P 500. Apple rose 4.73 percent to a record high after the world’s largest publicly listed company reported…

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