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Major Markets Closed Higher Again Last Week
Last week, the Major Markets saw gains follow the largest sell-off for the S&P 500 in over a year.
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Disclosures Larson Capital Management: Investment advisory services are provided by Larson Capital Management, LLC, an investment advisor registered with the Securities and Exchange Commission. This website is designed to provide preliminary and general information about the securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. … Continued
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Major Markets Close Higher in Juneteenth Shortened Week
Juneteenth’s shortened trading week saw all five major markets close higher, with the Dow Jones Industrial Average leading the way with a nearly 1.5% gain.
The Fed Voted to Hold Interest Rates Steady
The Fed voted to hold interest rates steady at 525 – 550 basis points. However, it was Powell’s comments after the meeting that caught the markets’ attention. While there was still a lot of hedging in his statement on Wednesday, his comments stood as a marked shift in tone. This gave quite the gift to both the equity and bond markets.
S&P 500 Crosses the 4,300 Level
The Major Markets closed higher across the board last week. For the S&P 500, the big news was that it crossed over the 4,300 level after flirting with the threshold the last couple weeks. Moreover, the cumulative gains since the Q4 lows exceeded 20 percent, effectively taking the Blue-Chip index back into bull market territory.
Derrick Yohe
Senior Financial Advisor Derrick joined Larson Financial Group in 2012 to lead the Jacksonville, FL office. Preparing doctors for their futures, Derrick assists residents, fellows and practicing physicians in navigating the many financial options available. Using one-on-one guidance while providing timely solutions to the many challenges facing this uniquely-skilled group, Derrick shares his knowledge with … Continued