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Manufacturing Index Rebounds

Charlie Toole, vice president at Adviser Investments, has the market analysis for Monday, July 15. All major U.S. stock market indexes advanced, with the Dow Jones Industrial Average and NASDAQ Composite up 0.1% and 0.2%, respectively, while the S&P 500 rose less than 0.1%. Citigroup reported better-than-expected second-quarter revenues and profits on the back of strong consumer banking. Elsewhere in the economy, the Empire State manufacturing index showed manufacturing in the New York region rebounding in June from negative territory in May on the biggest gain in more than two years.

Delta Earnings Beat Expectations

Josh Jurbala, quantitative investments manager at Adviser Investments, has the market analysis for Thursday, July 11. Major U.S. market indexes closed with mixed results, with the Dow Jones Industrial Average and S&P 500 up 0.8% and 0.2%, respectively, and the NASDAQ Composite dipping less than 0.1%. In earning news, Delta Air Lines’ stock rose nearly 2% after beating second-quarter earnings expectations. The company posted quarterly earnings of $2.35 per share on $12.5 billion in revenue—a new record high as earnings continue to be boosted by robust summer travel bookings.

Stocks Rise as Fed Signals Interest-Rate Cut

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.

Virgin Galactic Announces IPO

Adviser Investments Senior Vice President Chris Keith has the market analysis for Tuesday, July 9. Major U.S. indexes closed with little change as investors await testimony from Federal Reserve Chair Jerome Powell: The Dow Jones Industrial Average slipped less than 0.1% while the S&P 500 and NASDAQ Composite were up 0.1% and 0.5%, respectively. In IPO news, Richard Branson announced plans to launch a public offering for Virgin Group’s space-tourism enterprise, Virgin Galactic. California-based Social Capital Hedosophia Holdings plans to invest around $800 million in exchange for a 49% stake in the company, which will compete with Amazon’s Blue Origin and Tesla’s SpaceX.

Deutsche Bank Sinks 5% on Layoff News

Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Monday, July 8. Major U.S. stock indexes declined, with the Dow Jones Industrial Average down 0.4%, the S&P dropping 0.5% and the NASDAQ Composite off 0.8%. Deutsche Bank fell more than 5% after announcing that the company will reduce its global headcount by nearly 20,000 employees. Also making headlines, Procter & Gamble unveiled its new Zevo bug control product offerings. Unlike Johnson & Johnson’s Raid, Zevo’s active ingredients are “bio-selective” and approved for use around children and pets.

Pharma Stocks Decline on ‘Favored-Nation Clause’ Proposal

Ryan Christensen, account executive at Adviser Investments, has the market analysis for Friday, July 5. Major U.S. stock indexes closed down on the day: The Dow Jones Industrial Average and S&P 500 lost 0.2% while the NASDAQ Composite was off 0.1%. Although the Labor Department reported that nonfarm payrolls saw their largest monthly gain since January, that encouraging economic data contributed to today’s market volatility as investors pondered the diminished likelihood of an interest-rate cut after the Federal Reserve meeting at the end of July. Meanwhile, pharmaceutical stocks declined after President Trump proposed a “favored-nation clause” to help regulate drug prices. Eli Lilly, Merck and Johnson & Johnson each closed down more than 1%.

Tech Leads Market in Shortened Session

Rick Winters, vice president at Adviser Investments, has the market analysis for Wednesday, July 3. Tech stocks led today’s abbreviated-trading gains as all major U.S. market indexes closed at record highs: The Dow Jones Industrial Average and S&P 500 each rose 0.7% while the NASDAQ Composite ticked up 0.2%. Meanwhile, ADP reported 102,000 new private-sector jobs were added to the U.S. economy in June, shy of the 140,000 that economists forecasted.

 

Tesla Posts Record-Breaking Production and Delivery

David Mastroianni, account executive at Adviser Investments, has the market analysis for Tuesday, July 2. All major U.S. stock indexes advanced for the third consecutive day, with the Dow Jones Industrial Average and S&P 500 and both gaining 0.3% and the NASDAQ Composite up 0.2%. Brent crude oil dropped 4% to close below $60 per barrel for the first time since January. In the automobile industry, Tesla announced record-breaking production and delivery for its second quarter, beating expectations and sending Tesla shares up nearly 7%.

OPEC Extends Oil Cut Into 2020

Adviser Investments Vice President Josh Jones has the market analysis for Monday, July 1. Major U.S. stock market indexes advanced, with the Dow Jones Industrial Average, S&P 500 and NASDAQ up 0.4%, 0.8% and 1.1%, respectively. The S&P 500 closed at a new high as Presidents Trump and Xi’s trade truce eased investor concerns. Meanwhile, oil-producing countries agreed to continue oil cuts for nine months amid worries over slower global demand.

Big Banks Cleared to Raise Dividends, Buy Back Stock

Charlie Toole, vice president at Adviser Investments, has the market analysis for Friday, June 28. The market ended the first half of 2019 on a high note as all major U.S. stock indexes were up. The Dow Jones Industrial Average, S&P and NASDAQ rose 0.3%, 0.6% and 0.5%, respectively. The G-20 summit led to President Trump and President Xi speaking about a trade truce and further negotiations, cheering investors. Meanwhile, financials were the best performing sector of the day, as JPMorgan, Wells Fargo, Bank of America and Citigroup got the Federal Reserve’s blessing to raise their dividends and buy back stock after passing the central bank’s annual stress test.

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