For the first time in months, U.S. markets experienced little movement last week.The Dow and NASDAQ did have their 5th week of gains in a row, but their increases were small: 0.12% and 0.11%, respectively. Meanwhile, the S&P 500 broke its 4-week winning streak with a 0.22% loss. Internationally, the MSCI EAFE also posted modest returns, gaining 0.47% for the week.
What topics were on investors’ minds?
Despite the relative lack of market drama last week, investors still had plenty to consider. For example, the following details emerged:
In addition, the longest federal government shutdown in history ended. After 35 days, the House and Senate voted unanimously to reopen the partially closed government. President Trump signed the bill, which includes funding through February 15.
This week could provide far more action in the markets when a number of key details emerge.
What’s ahead this week?
These last days of January provide several noteworthy updates, including:
One data point we may not receive this week is the initial reading of 4th quarter 2018 Gross Domestic Product. This report is one of many affected by the federal government shutdown. Although the government has reopened, we have yet to receive the latest data on retail sales, new home sales, durable goods orders, and more.
As the week unfolds, we will analyze all of the information that does come out – and continue to look for ways to pursue our clients’ long-term goals in the current economic environment. If you have any questions about how these details affect your financial life, we’re here to talk.
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The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.
The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. The DJIA was invented by Charles Dow back in 1896.
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Tags: China, DJIA, Dow, Earnings, FOMC, GDP, Government Shutdown, NASDAQ, S&P 500, Trade