MARKET STATISTICS
Weekly and Year-To-Date Performance
INDEX 12/31/2016 06/16/2017 06/23/2017 % Change Week % Change YTD
 Dow Jones Industrial Average  19,762.60 21,271.97 21,394.76  0.05% 8.26%
 S&P 500  2,238.84  2,431.77  2,438.30  0.21% 8.91%
 Nasdaq Composite  5,382.70  6,193.29  6,265.65  1.88% 16.4%
 Russell Mid-Cap Index  1,783.06  1,910.50  1,914.56  -0.01% 7.37%
 Russell Small-Cap Index  1,356.36  1,420.38  1,415.55  0.68% 4.36%

 

June 23rd, 2017

Dear Friends,

The equity markets finished out the week mixed but mostly higher on renewed strength in technology.  For the week the Dow Jones Industrials, S&P 500 and the Nasdaq added 0.05%, 0.21% and 1.88% respectively.  The Russell Mid-Cap was flat, the Russell Small-Cap index gained 0.68%, and the MSCI EAFE index fell 1.88%.

Stocks opened the week with a strong move to the upside Monday.  Shares of Amazon were up 0.76% finishing just under $1,000 per share after the company announced on Friday their bid to buy Whole Foods.  The technology index overall was up 1.48% as shares of Apple, Alphabet and Facebook gained 2.86%, 1.87% and 1.48%.  The biotechnology sector had a strong session closing up 2.5%.  The energy, telecommunications and utilities sector were the lone sectors to close in the red.  The Dow finished with a gain of 145 points or 0.68%, at 21,529.  The S&P and the Nasdaq added 0.83% and 1.42%.  The 10-year Treasury note closed up 2.4 basis points to close yielding 2.191%.

The markets moved lower Tuesday as oil prices slid to a nine-month low on oversupply concerns.  The energy sector was off 1.35% as shares of Exxon, Chevron and ConocoPhillips fell 0.54%, 0.91% and 1.16%.  Crude prices finished down 1.95% to settle at $43.34 per barrel.  The technology sector continued to bounce back-and-forth closing down 0.8%, as shares of Apple, Amazon and Alphabet fell 0.91%, 0.26% and 0.7%.  Biotech’s and healthcare overall were among the few bright spots closing up 1.3% and 0.21%.  The Dow closed down 62 points or 0.29%, at 21,467.  The S&P and the Nasdaq were off 0.67% and 0.82%.  The 10-year Treasury note fell three basis points to close yielding 2.16%.

Stocks finished mixed but mostly lower Wednesday as oil prices continued to fall.  Crude closed down 2.25% at$42.53 per barrel as production figures in the U.S. rose sharply.  The energy sector closed down 1.6%.  The Nasdaq finished in the black led by the biotech sector, which rose 4.12%.  The Dow closed down 57 points or 0.27%, at 21,410.  The S&P was off 0.06% and the Nasdaq added 0.74%.  The major markets across Europe and Asia all finished lower. 

The markets finished mixed with little change Thursday following the release of the Senate’s Healthcare bill.  Healthcare and biotech continued to move higher, the two sectors gained 1.01% and 1.27%.  Biotech’s are up over 9% in the past four sessions.  Crude prices rose 0.59%, to close at $42.78 per barrel.  The energy sector finished up 0.03% despite shares of Exxon and Chevron falling 0.44% and 0.04%.  Financials were down 0.62% as shares of Bank of America, Citigroup and JPMorgan fell 0.86%, 0.33% and 0.11%.  The Dow finished down 13 points or 0.06%, at 21,397.  The S&P was off just 0.05% and the Nasdaq added 0.04%. 

Stock finished out the week mixed but mostly higher Friday.  Technology and industrials were among the leading sectors with the tech sector adding 0.65%.  Shares of Apple, Amazon, Facebook and Alphabet continued to lead gaining 0.49%, 0.24%, 1.09% and 0.89%.  The biotech sector was up 0.2% to extend its streak of gains.  Financials lagged on the day closing down 0.38%, which weighed on the Dow.  Crude oil prices finished up 0.82% at $43.09 per barrel.  The energy sector finished up 0.83%.  In economic news home sales in May climbed to an all-time high.  Shares of builders Toll Brothers and D.R. Horton added 0.46% and 1.26%.  The Dow finished down three points or 0.01%, at 21,395.  The S&P and the Nasdaq added 0.16% and 0.47%.  The 10-year Treasury note fell five basis points to close yielding 2.144%.

-Sonata