Markets In Under A Minute 8/7/2017

Markets edging higher.

The Dow hit 22,000 last week.  This is the Dow’s third 1,000 point milestone of the year.  It broke 20,000 January 25th and went through 21,000 on March 1st.1 The S&P 500 inched closer to 2500 when it closed at 2476.83 on Friday. 2 Bitcoin hit a record high of $3,402 on Monday.  The cryptocurrency’s value is surging a week after bitcoin split into two. While bitcoin has hit new heights, bitcoin cash, or bitcash, has been tumbling.3 For more on cybercurrencies and bitcoin or the bitcoin split, click on these links.  The latest Job report brings good news.  U.S. payrolls swelled with 209,000 net new workers in July, according to the Department of Labor. That beat the 183,000 estimate by analysts surveyed by Reuters.4 A meager gain in consumer spending.  The 0.1% June advance reported by the Department of Commerce matched the (low) expectations of economists surveyed by MarketWatch. Consumer incomes were flat in June; the same group of forecasters thought they would improve 0.3%. Personal spending had increased 0.2% in May, with income up 0.3%.4 For more on the economy you can check out our Weekly Economic Update.  Also check out our website for more articles.

 

% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG
DJIA +11.79 +20.38 +13.74 +6.76
NASDAQ +17.99 +22.94 +22.80 +15.29
S&P 500 +10.63 +14.44 +15.61 +7.28
REAL YIELD 8/4 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO
10 YR TIPS 0.47% 0.04% -0.66% 2.44%

Sources: wsj.com, bigcharts.com, treasury.gov – 8/4/17

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

Securities and Advisory Services offered through Triad Advisors Member FINRA/SIPC.

All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services.

Citations.

  1. http://snip.ly/spr1j#http://www.marketwatch.com/story/dow-flirts-with-a-fresh-milestone-22000-2017-07-31
  2. https://finance.yahoo.com
  3. http://www.businessinsider.com/how-to-buy-bitcoin-using-coinbase-2017-8
  4. https://paullewis.com/weekly-economic-update-872017/
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