Major Market Indexes Climb More Than 2% - Adviser Investments

Major Market Indexes Climb More Than 2%

David Mastroianni, strategic account executive at Adviser Investments, has the market analysis for Monday, June 3. All major U.S. stock indexes advanced following Fed Chairman Jerome Powell’s remarks. The Dow Jones Industrial Average and S&P 500 each rose 2.1% while the NASDAQ Composite gained 2.6%—marking the second-best single-day returns of 2019 for each index. Specifically, Powell noted that an interest-rate cut may be necessary to address potential ongoing impact of trade-related issues on the U.S. economy. Meanwhile, U.S. factory orders declined 0.8% in April, faring slightly better than the 0.9% slump analysts forecast. Significantly, the demand for durable goods, like cars and major appliances, fell more than 2% month-over-month.

Recent Videos

View All Videos

Lowell on CNBC: Volatile Markets Call for Actively Managed Portfolios

Lowell on CNBC: Nervous Markets Call for a Balanced, Disciplined Investment Approach

Lowell on CNBC: Perspective on Dow’s 800-Point Drop

Stock Indexes Decline 3% but Long-Term Prospects Remain Strong

85 Wells Avenue, Suite 109 Newton, MA, 02459

info@adviserinvestments.com 1.800.492.6868

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.