Rudd’s MarketView for Wednesday, June 21, 2017

Summary Fed’s Quagmire The outlook for inflation and the future of financial stability are emerging as a quagmire  at the Fed as it debates over how fast to proceed on future interest-rate hikes. What you have is a distinct change from years past where high unemployment was at the top of the Federal Reserve’s list…

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Rudd’s MarketView for Wednesday, June 21, 2017

Summary The S&P 500 and Dow Jones Industrial Average were weighed down by lower energy shares as oil prices fell on Wednesday and added to concerns over low inflation, while healthcare and technology stocks helped lift the Nasdaq Composite index. Energy was the weakest S&P sector with a 1.6 percent decline after oil prices reversed…

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Rudd’s MarketView for Tuesday, June 20, 2017

Summary The major domestic equity indexes closed lower on Tuesday as a sharp decline in the price of crude oil hurt energy stocks. At the same time, retail stocks were pulled down by concerns about Amazon’s plan to increase its apparel business. There was also some residual concern over the future Federal Reserve rate hikes…

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Rudd’s MarketView for Monday, June 19, 2017

Summary The major equity indexes recouped losses on Monday, with the S&P 500 index and the Dow Jones Industrial Average reaching record highs with growth sectors such as technology in favor again as confidence in the economy surged again after upbeat comments from Federal Reserve officials. Nasdaq’s biotechnology index rose 2.5 percent in its largest…

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Rudd’s MarketView for Friday, June 16, 2017

Summary The major domestic equity indexes ended little changed on Friday even as Amazon’s $13.7 billion deal to buy Whole Foods roiled the retail sector and rocked shares of an array of companies including Wal-Mart and Target. Energy sector shares helped buoy the S&P 500 and the Dow Jones Industrial Average, while Apple dragged on…

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A Chance to Win Dinner with Southeastern Guide Dogs

Streetwise for Friday, June 16, 2017 Ok, I will admit that I have been a bit critical of the auction carried out each year for a lunch with Warren Buffett where the highest bidder and seven friends receive a private audience with the ìMaster.î Lunch is donated by Smith & Wollensky, along with a charitable…

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Rudd’s MarketView for Thursday, June 15, 2017

Summary The recent decline in the shares of technology companies deteriorated further on Thursday, dragging down the major domestic equity indexes, as Wall Street worried over the economy’s health after the Federal Reserve lifted interest rates. The S&P technology sector fell 0.5 percent, continuing a slide that began last Friday. The sector cut steeper losses…

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Rudd’s MarketView for Wednesday, June 14, 2017

Summary A slide in technology stocks pulled down the Nasdaq Composite on Wednesday and the S&P 500 ended slightly lower, as investors worried about the pace of economic growth after weaker-than-expected inflation numbers and an interest rate hike from the Federal Reserve. The Nasdaq cut its loss in more than half in a late rebound,…

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Rudd’s MarketView for Tuesday, June 13, 2017

Summary Wall Street gained on Tuesday, with the S&P 500, Dow Industrial Average and the Russell 2000 setting record closing highs, as technology stocks bounced back and investors positioned for an expected Federal Reserve interest rate hike. The S&P 500 technology sector rose 0.9 percent, recovering from its largest two-day decline in nearly a year…

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Rudd’s MarketView for Monday, June 12, 2017

Summary Apple shares added to last week’s drop on Monday to lead a market downturn as tech, still the best performing S&P 500 sector this year, succumbed under its own weight. Mizuho Securities cut its rating on Apple to “neutral” from “buy” on Monday, saying the stock had outperformed this year and that the “upcoming…

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