Stock Market Weekly update -Jul 5
We finally got an ‘up’ week in the S&P 500 after 4 weeks of chopping around, while the DOW closed at another all time high, indicating continued rotation. The Semis were down for a 2nd week, while the Healthcare (XLV) sector hit another all time high, and as Tech dropped again. The Software sector was up a bit as well. We closed out the Quarter with a nice gain. Quiet week ahead as far as both Earnings and Economic reports! U.S. adds just 57,000 jobs in June, a worrying sign as wage growth remains slow Lousy Jobs → Fewer Hikes → Stocks Happy Dow jumps nearly 600 points to record close; Nasdaq slides as chip stocks suffer Dow Bottomed At 6,460 Points In March 2009 – It Has Risen 8-Fold Since then The week ahead: Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - up a bit to 4.49% The Dollar - dropped to around 100.88 Gold - rallied for a 2nd week to $4175 Oil - dropped to $68.77 Bitcoin - up to aroun...