Author Archives: wrightnetblogger

About wrightnetblogger

Senior Vice President – Investment Research/Economist

Weekly Market Recap – 07/18/14

Stocks, as today’s Wall Street Journal puts it, have tended not to dwell on bad news, which 2014 has provided in ample measure. At the same time, bonds have provided a safe haven for those who are unnerved by global … Continue reading

Posted in Weekly Stock and Bond Market Recaps

Big-cap stocks rally on economic news, Yellen testimony

Although they gave up some of their early price gains as Fed Chairman Janet Yellen testified to the House Financial Services Committee on Wednesday, stocks rallied in the afternoon and closed with decent gains. The Dow was up 0.5% today … Continue reading

Posted in Federal Reserve, Industrial Production, Stocks

Stocks bounce higher to start the week

Stock prices flirted with new highs Monday, with the Dow rising 0.7% and ending just 13 points or 0.1% shy of its July 3 high. The S&P 500 gained 0.5% and landed 0.4% below its all-time high. NASDAQ’s gain Monday … Continue reading

Posted in Europe

Weekly Market Recap – 07/11/14

Stocks were tested last week by the financial distress of Portugal’s leading bank, BES, which hinted that Europe’s financial woes have not really been fully addressed, despite the efforts of the European Central Bank. Profit taking was particularly intense in … Continue reading

Posted in Weekly Stock and Bond Market Recaps

Global jitters knock stocks from highs

Stock prices ambled higher on Friday, not very persuasively and certainly not enough to rescue what was the worst week for small-cap stocks in over two years. Bigger capitalization stocks generally held up better to this past week’s selling pressures. … Continue reading

Posted in Bonds, Commodities, Europe, Stocks

Stocks lower again Tuesday, especially social media issues

Stock prices fell for a second day on Tuesday, a little more resolutely than Monday’s retreat. The Dow lost 118 points or 0.7%, falling to 16907 after two sessions in the rarefied air above 17000. The S&P 500 matched the … Continue reading

Posted in Bonds, Consumer Credit, Corporate Profits, Stocks

Stocks and commodities weak on Monday

For the first time in four sessions, U.S. stock prices fell Monday, although the Dow Jones Industrials managed to hold above 17000. The Dow declined 0.3%, closing at 17024, down from 17068 last Thursday. The S&P 500 retreated 0.4% and, … Continue reading

Posted in Bonds, Commodities, Stocks

Weekly Market Recap – 07/04/14

A solid employment report and record highs in the stock market averages made for an enjoyable July 4 holiday. Follow the link below to our report on last week’s markets. Last Week In Markets 07.04.14

Posted in Weekly Stock and Bond Market Recaps

DJIA passes 17000 for first time on strong jobs report

U.S. stock prices rose another 0.5%-0.6% on Thursday, buoyed by one of the better employment reports in a while. Closing the holiday-shortened week at an all-time high of 17068, the Dow Jones Industrial Average pushed higher by 0.5%. The S&P … Continue reading

Posted in Bonds, Jobs, Stocks

U.S. stocks end Monday mixed, putting a good second quarter in the books

U.S. stocks ended the final day of the second quarter with an equivocal showing, as the Dow lost 0.1%, NASDAQ gained 0.2% and the S&P 500 was flat. Among the 30 Dow Jones Industrials, 19 stocks declined Monday, as against … Continue reading

Posted in Bonds, Housing, Stocks