Roland Stoever: Market Week: July 25, 2016

Monday, Jul 25, 2016

The S&P 500 reached a record high last Friday as each of the indexes listed here posted marginal gains over the prior week. Equities have demonstrated a positive trend over the past several weeks. The Nasdaq eclipsed its previous high only to slip a bit by week's end. While the indexes continue to forge ahead, overall trading has been light. Across the "pond" the UK's economy has likely contracted in July, according to IHS Markit's Purchasing Managers' Index, which showed businesses responding to the uncertainty of Brexit by cutting output and payrolls. 

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