Roland Stoever: Market Week: July 3, 2017

Monday, Jul 3, 2017

Roland Stoever
Stoever Glass & Co., Inc.
P: (800) 223-3881
E: roland@stoeverglass.com

The Markets (as of market close June 30, 2017)

Last week was not a positive one for equity investors. In a week of heavy trading, the Dow and S&P 500 each lost value while the Nasdaq dropped nearly 2.0%. Of the indexes listed here, only the Russell 2000 and the Global Dow didn't lose ground, eking out minuscule gains. News that the Bank of England is considering an interest rate hike, coupled with word that the European Central Bank may be scaling back its long run of quantitative easing, may have prompted investor activity. Long-term bond yields also shot up, with the 10-year Treasuries climbing 16 basis points as bond prices fell. A small increase in oil prices helped lift energy stocks higher.

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