Home   Logon   Portfolio Managers   Research and Commentary   About Us    Contact Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Stock Markets Ended July 13, 2018
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Equities traded up last week, despite continued tariff risks. The S&P 500 index returned over 1.5% led by the technology sector. The largest contributors to the technology sector last week were Microsoft Corp., Apple Inc., Alphabet Inc. (Google) and Facebook Inc. On top of the best contributors, CA Inc. agreed to be acquired by Broadcom Inc. for all cash. Shares of CA soared over 18%, the best in the sector; while Broadcom fell by over 18%, the worst in the sector, showing how little equity markets enjoyed this news from Broadcom. Growth stocks continued to outpace value stocks last week, the S&P 500 Growth index returned 1.9% and the S&P 500 Value index returned 0.9%. Year-to-date growth has returned 11.4% while value has returned -0.3%. The large growth performance continues to be led by blue chip technology names. Mega-cap banks, JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc., announced quarterly results Friday morning. The banks all reported results that were roughly in line with expectations and ended the day down slightly, but their quarterly performance continues to bolster the overall strength of the U.S. economy. Last week, nonfarm payrolls were very strong and hourly earnings robust. The unemployment rate ticked up from 3.8% to 4% bucking recent trends. However, the rise in unemployment was likely driven by the labor force participation rate growing rather than people losing their jobs. This trend underscores the strength of the current job market as more previously discouraged workers are back searching for jobs. Looking ahead to next week, earnings season gets into full swing as 61 companies in the S&P 500 are expected to report, including: Microsoft Corp., Johnson & Johnson, UnitedHealth Group Inc., Netflix Inc. and General Electric Co.
Posted on Monday, July 16, 2018 @ 7:58 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

US Economy and Credit Markets Ended July 13, 2018
A Snapshot of Market Breadth via Performance
How The S&P 500 Index Has Performed Since The Federal Reserve Began Hiking Interest Rates On 12/16/15
18 out of 20 ... So Far!
US Stock Markets Ended July 6, 2018
US Economy and Credit Markets Ended July 6, 2018
Corporate Earnings Estimates Reflect Strength
US Stock Markets Ended June 29, 2018
US Economy and Credit Markets Ended June 29, 2018
Sector Performance Via Market Capitalization (Since Steel/Aluminum Tariffs Enacted)
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.