Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email 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

  Stocks Ended July 8, 2016
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Last week the S&P 500 Index opened lower on Tuesday after the Independence Day holiday, but rallied for the rest of the week. The index posted a 1.33% return for the week and has gained 5.45% YTD as we start the second half of 2016. Concerns over global growth and prolonged financial turbulence due to the "Brexit" vote kept stocks at bay during the beginning of the week. This fear subsided at the Wednesday open as stocks rallied for the rest of the week. Stocks and commodities rallied Friday and two-year Treasuries slumped as strength in the June jobs report showed the US economy is still strong. Oil closed the week at $45.41 a barrel, decreasing -7.31% from the previous week. The decline in oil price is the biggest weekly decline in five months. Eight of the ten economic sectors had positive performance for the week. The consumer discretionary sector was the best performing sector with a 2.32% return. The health care and information technology sectors followed with 2.02% and 1.78% returns, respectively. The energy sector -1.12% return was the worst performance of all the sectors and was followed by telecommunication services at -0.13%. NVIDIA Corp, a graphics processor manufacturer, turned in the best performance in the S&P 500 Index with a 8.98% gain. The company unveiled a highly anticipated new product that will be on sale mid-July. The next two best performers were Viacom Inc and Synchrony Financial with returns of 8.84% and 7.73%, respectively.
Posted on Monday, July 11, 2016 @ 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 8, 2016
S&P 500 Index Stock Prices Relative To Their 52-Week Highs
Commodity Prices Up Sharply In Q2’16
Stocks Ended July 1, 2016
US Economy and Credit Markets Ended July 1, 2016
Still Waiting For The Great Rotation Out Of Bond Mutual Funds
Equity REITs Have Shined Relative To Financials Over The Past 15 Years
Stocks Week Ended June 24, 2016
US Economy and Credit Markets Ended June 24, 2016
S&P 500 Index Companies Continue To Reward Shareholders
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.