Check the background of this financial professional on FINRA's BrokerCheck.


Market Summaries


The market summaries on this page are available in weekly, monthly, quarterly, and annual editions, and also include a video, multimedia version of the monthly, quarterly, and annual editions. Market summaries contain information on the Dow, S&P 500, NASDAQ, Russell 2000, Global Dow, Federal Funds interest rate, and 10-year Treasury yields, along with highlights of recent events important to the markets and future dates for key data releases.

Key Dates/Data Releases

1/24: Existing home sales

1/25: International trade in goods, new home sales

1/26: GDP, durable goods orders

Market Week: January 22, 2018

The Markets (as of market close January 19, 2018)

Corporate earnings season entered its second week with generally favorable results, which likely drove equities last week. Each of the benchmark indexes listed here posted weekly gains, led by the Dow and Nasdaq, which continues to post strong early-year gains in the technology sector. Apparently, the threat (and eventual occurrence) of a federal government shutdown didn't curb investor enthusiasm. On the other hand, the government shutdown probably did impact long-term bond prices as the yield on 10-year Treasuries climbed 11 basis points (as prices fall, yields rise), while the U.S. dollar also dropped.

The price of crude oil (WTI) fell to $63.57 per barrel last Friday, down from the prior week's closing price of $64.40 per barrel. The price of gold (COMEX) also declined last week to $1,331.10 by early Friday evening, down from the prior week's price of $1,338.30. The national average retail regular gasoline price increased for the fourth week in a row to $2.557 per gallon on January 15, 2018, $0.035 above the prior week's price and $0.199 more than a year ago.

Market/Index2017 ClosePrior WeekAs of 1/19Weekly ChangeYTD Change
DJIA24719.2225803.1926071.72 1.04% 5.47%
Nasdaq6903.397261.067336.381.04% 6.27%
S&P 5002673.612786.242810.300.86% 5.11%
Russell 20001535.511591.971597.630.36% 4.05%
Global Dow3085.413229.083255.560.82% 5.51%
Fed. Funds target rate1.25%-1.50%1.25%-1.50%1.25%-1.50%0 bps0 bps
10-year Treasuries2.41%2.54%2.65%11 bps23 bps

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

  • According to the Federal Reserve's Industrial Production and Capacity Utilization report, industrial production rose 0.9% in December, even though manufacturing output edged up a modest 0.1%. For the fourth quarter as a whole, total industrial production jumped at an annual rate of 8.2%, after being held down in the third quarter by hurricanes Harvey and Irma. The gain in manufacturing output in December was the fourth consecutive monthly increase. Overall, the increase in industrial production was largely driven by the output of utilities, which advanced 5.6% for the month. Mining moved up 1.6%. Capacity utilization for the industrial sector was 77.9%, a rate that is 2.0 percentage points below its long-run average.
  • New residential construction slowed in December. According to the latest Census Bureau report, applications for building permits fell 0.1% below November's rate, while new housing starts dropped 8.2% from November's revised estimate. On the plus side, housing completions in December were up 2.2% over November's figures and are 7.4% above the December 2016 rate. A lack of inventory may have propelled home completions in order to get more new homes on the market. This focus on housing completions may have pushed new applications and starts to the back burner.
  • In the week ended January 13, initial claims for unemployment insurance was 220,000, a decrease of 41,000 from the previous week's level. The advance insured unemployment rate rose 0.1 percentage point to 1.4%. The advance number of those receiving unemployment insurance benefits during the week ended January 6 was 1,952,000, an increase of 76,000 from the prior week's level, which was revised up by 7,000.

Eye on the Week Ahead

The first report on the fourth-quarter gross domestic product is out this week. Economic growth exceeded 3.0% in the third quarter and is expected to remain about the same for the last quarter of 2017. Also, reports on the housing sector for December are available this week.

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.





©2018 Broadridge Investor Communication Solutions, Inc. All rights reserved.
Connect with us on: Go to Facebook  


 
 
 

Contact Us

Reynolds Financial Group LLC

216 Chaucer Drive, Irwin PA, 15642

Phone: (724) 863-5005

Fax: (724) 863-8031


wendyl@reynoldsfinancialgroup.net
 

Key Numbers for 2018

Click on the thumbnail for FREE DOWNLOAD



For Detailed 2018 Key Numbers Click HERE
 

We Are a BBB Accredited Business

 BBB® A+ Rating

On a scale of A+ to F
Reason for Rating
BBB Ratings System Overview

No Rendering of Advice
Reynolds Financial Group, LLC is a Registered Investment Advisory Firm registered in the state of Pennsylvania. Reynolds Financial Group, LLC provides asset management and related services for clients nationally. Reynolds Financial Group, LLC will file and maintain all applicable licenses as required by the state securities regulators and/or the Securities and Exchange Commission ("SEC"), as applicable. Reynolds Financial Group, LLC renders individualized responses to persons in a particular state only after complying with the state's regulatory requirements, or pursuant to an applicable state exemption or exclusion.

This website is intended to provide general information about Reynolds Financial Group, LLC. It is not intended to offer investment advice. Information regarding investment products and services are provided solely to include information about our investment philosophy, our strategies and to be able to contact us for further information. Presentation of the information via the Internet is not intended to create, and receipt does not constitute, a client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant, attorney and/or financial advisor.

Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law. Clients should seek the advice of an accountant or Certified Public Accountant (CPA).

Accuracy of Information
While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this website is accurate, complete, reliable, current or error-free.

We assume no liability or responsibility for any errors or omissions in the content of this website or such other materials or communications.

Disclaimer of Warranties and Limitations of Liability
This website is provided on an "as is" and "as available" basis. Use of this website is at your own risk. We and our suppliers disclaim all warranties. Neither we nor our suppliers shall be liable for any damages of any kind with the use of this website.

Links to Third Party Websites
For your convenience, this website may contain hyperlinks to websites and servers maintained by third parties. We do not control, evaluate, endorse or guarantee content found in those sites. We do not assume any responsibility or liability for the actions, products, services and content of these sites or the parties that operate them. Your use of such sites is entirely at your own risk.

Charities Links: Although Reynolds Financial Group, LLC contributes to the support of the charities listed on this website, they are not affiliated with them.  Their listing does not constitute or imply their endorsement of Reynolds Financial Group, LLC or its services.

This communication is strictly intended for individuals residing in the state(s) of FL, MD, PA and VA. No offers may be made or accepted from any resident outside the specific states referenced.
 


Check the background of this financial professional on FINRA's BrokerCheck.