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FINANCIAL MARKET WEEK: (as of market close July 21, 2023)
Financial Market Week Review: Stocks enjoyed a favorable week of returns, with each benchmark index listed here posting solid gains. The Dow and the S&P 500 notched their third straight week of gains. Inflation continued to cool in June, with the smallest 12-month rate increase since March 2021 (see below). So far, corporate earnings for the second quarter have been generally favorable, with some large tech companies beating expectations. Long-term bond prices fell, sending yields higher. Crude oil prices advanced, with global oil prices gaining more than 16.0% since late June. Rising oil prices have spurred an increase in gasoline prices. The dollar slipped lower last week while gold prices climbed higher.
Wall Street began the week on a high note last Monday, with each benchmark index finishing the day up. The Dow gained 0.5% to extend its winning streak to 11 straight sessions.
The S&P 500 added 0.4%, the Russell 2000 and the Global Dow each rose 0.3%, and the Nasdaq gained 0.2%.
- STOCK MARKET INDEXES
- LAST WEEK'S ECONOMIC NEWS
- EYE ON THE WEEK AHEAD
- EYE ON THE WEEK AHEAD
Wendy Nelson, CEO of Wind River Wealth Advisors, aims to provide beneficial investment management, retirement planning, financial planner, asset management, and portfolio management to protect your money with knowledgeable strategies and plans by utilizing a personal independent financial advisor.