Todd Peters, senior vice president at Adviser Investments, has the market analysis for Wednesday, July 10. Major U.S. stock market indexes advanced on Fed Chair Jerome Powell’s comments signaling a likely interest-rate cut. The Dow Jones Industrial Average was up 0.3%, while the S&P 500 gained 0.5% and the NASDAQ Composite rose 0.8%, with all indexes hitting intraday high-water marks. Also making headlines, Lady Gaga revealed her new Haus Laboratories cosmetic line that will be distributed exclusively through Amazon. The online retail giant also announced a partnership with the U.K.’s state-funded National Health Service through which digital assistant “Alexa” will offer basic diagnoses and medical advice. Amazon’s stock gained 1.5% on today’s news.
Daniel Wiener Chairman Jim Lowell Chief Investment Officer Jeffrey DeMaso Director of Research Kate Austin Equity Research Analyst Charlie Toole Vice President, Portfolio Manager Diana Linn Account Manager October 31, 2019