Thanksgiving week is relatively quiet in terms of economic news
|Last week saw a mixed bag of returns as the large caps of the Dow and S&P 500 lost value for the second consecutive week, while the tech-heavy Nasdaq and small caps of the Russell 2000 posted gains. Major gains from consumer companies such as Wal-Mart Stores, which reported its strongest sales in several years, weren’t enough to offset falling energy stock prices. On the other hand, the Nasdaq posted a gain of almost .50%, while the Russell 2000 was the leader by far, climbing 1.19%. Long-term bond prices didn’t move much, as the yield on 10-year Treasuries inched up only 2 basis points.
The price of crude oil (WTI) fell to $56.63 per barrel last Friday, down from the prior week’s closing price of $56.86 per barrel. The price of gold (COMEX) climbed to $1,294.60 by early Friday evening, up from the prior week’s price of $1,276.30. The national average retail regular gasoline price increased to $2.592 per gallon on November 13, 2017, $0.031 higher than the prior week’s price and $0.408 more than a year ago.
Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments.
Last Week’s Economic Headlines
Eye on the Week Ahead
Thanksgiving week is relatively quiet in terms of economic news. The report on existing home sales for October follows on the heels of September’s positive returns. Another important economic report on orders for durable goods is also out this week. For the year, new orders placed with domestic manufacturers are up 8.3% compared to 2016.
|Recipe of the Week
Cranberry Jalapeno Cream Cheese Dip
|Data sources: News items are based on reports from multiple commonly available international news sources (i.e. wire services) and are independently verified when necessary with secondary sources such as government agencies, corporate press releases, or trade organizations. Market data: Based on data reported in WSJ Market Data Center (indexes); U.S. Treasury (Treasury yields); U.S. Energy Information Administration/Bloomberg.com Market Data (oil spot price, WTI Cushing, OK); www.goldprice.org (spot gold/silver); Oanda/FX Street (currency exchange rates). All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities, and should not be relied on as financial advice. Past performance is no guarantee of future results. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.
The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The 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. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. The Russell 2000 is a market-cap weighted index composed of 2,000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. Market indices listed are unmanaged and are not available for direct investment.
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Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2017