MARKET STATISTICS
Weekly and Year-To-Date Performance
INDEX 12/31/2016 08/04/2017 08/11/2017 % Change Week % Change YTD
 Dow Jones Industrial Average  19,762.60 22,092.81 21,858.12  -1.06% 10.60%
 S&P 500  2,238.84 2,476.83  2,441.33  -1.43% 9.04%
 Nasdaq Composite  5,382.70 6,350.18  6,258.74  -1.44% 16.28%
 Russell Mid-Cap Index  1,783.06 1,928.71  1,892.67  -1.87% 6.15%
 Russell Small-Cap Index  1,356.36 1,412.20  1,375.51  -2.60% 1.41%

 

 

August 11th, 2017

Dear Friends,

For the week the Dow Jones Industrials, S&P 500 and the Nasdaq were off 1.1%, 1.4% and 1.4% respectively. The Russell Mid-Cap, Small-Cap and MSCI EAFE indexes were also down 1.9%, 2.6% and 2.2% respectively.

Stocks opened the week with modest gains Monday on light trading.  Consumer staples and technology were the leading sectors closing up 0.7% and 0.6%.  The energy sector led on the downside falling 0.9% as energy prices fell 0.5%.  The dollar index continued to trend lower settling down 0.12% nearing a 15-month low.  The 10-year Treasury note finished down one basis point yielding 2.25%.  The Dow finished up 26 points or 0.12% at 22,118.  The S&P and the Nasdaq added 0.16% and 0.51%.

The markets finished to the downside Tuesday snapping a 12-day winning streak for the Dow.  The headline indexes were in position to book modest gains but turned lower following some aggressive comments from President Trump on North Korea.  Trading volume picked up in the last hour of trading as 11 of the 12 S&P sectors finished with losses.  The CBOE Volatility index turned higher closing at its highest level in a month.  The Dow finished down 33 points or 0.15%, at 22,085.  The S&P and the Nasdaq were off 0.24% and 0.21%.  Crude prices were off 0.6% at $49.10 per barrel.  The 10-year Treasury note rose one basis point to close yielding 2.26%.

Stocks finished with modest losses Wednesday but well off the session lows.  The major indexes across Asia and Europe all finished well lower with Japan’s Nikkei leading the way down 1.3%.  Gold prices edged up 1.2% and the defense sector added 1.6% as shares of Lockheed, General Dynamics and Raytheon rose 1.7%, 1.1% and 2.57%.  The Dow closed down 37 points or 0.17%, at 22,049.  The S&P and the Nasdaq were off 0.04% and 0.28%.  Crude prices gained 1% to close at $49.70 per barrel.  The dollar index was off 0.14%.

The markets fell sharply Thursday as the rhetoric surrounding North Korea continued to escalate.  The losses were broad based with the technology sector leading the declines down 2.2%.  The defensive minded utilities sector added 0.25% and the volatility index rose to its highest mark since prior to the election.  The energy sector finished down 1.13% as crude oil prices fell 2% to close at $48.59 per barrel.  The Dow closed down 205 points or 0.93%, at 21,844.  The S&P and the Nasdaq fell 1.45% and 2.13%.  The 10-year Treasury note was off four basis points to close yielding 2.197%.

Stocks edged higher Friday as weak inflation data encouraged investors that the Federal Reserve will keep monetary policy lower for longer.  Gains were muted as tensions between the U.S. and North Korea persisted.  The Dow rose 16 points, with Apple Computer contributing the most gains.  The S&P 500 rose .2%, with information technology and consumer discretionary leading advancers.  The Nasdaq, rising .7% as large-cap tech stocks rebounded.  In economic news, the Labor Department said Friday that the Consumer Price Index edged up 0.1% last month, versus expectations of a 0.2% gain.  The index is a widely followed inflation metric and a key contributor of future interest rate policy.