M Notes: Mon, 7-7
| Weekly close: 7-4-25 | + (-) | % | June % | |
|---|---|---|---|---|
Dow | 44,828 | +1,009 | +2.3% | +4.3% |
S&P | 6,279 | +74 | +1.2% | +5.0% |
Nasdaq | 20,601 | +328 | +1.6% | +6.6% |
10-year | 4.35 | +0.07 | +1.6% | -3.9% |
Oil | 66.50 | +1.43 | +2.2% | +7.1% |
LAST WEEK:
Markets: A new record High for the S&P500.
S&P roller coaster last week: Up, Down, Up, Up a lot, and Holiday.
Fed Balance Sheet: $6.660 Trillion.
Holiday: US Markets were closed last Friday, in observance of the July 4th holiday.
ISM: The Institute for Supply Management’s Manufacturing index rose from May’s 48.5 up to 49.0 in June. ISM’s Services index rose from May’s 49.9 up to 50.8 in June. A number above 50 indicates an economic expansion, while a number below 50 indicated an economic contraction.
Jobless claims: The weekly number came in at 233,000. The four-week average came in at 242,000.
Jobs: The consensus for June’s Jobs number was 110,000. The actual number came in higher at 147,000.
National Debt: $37.072 Trillion. (It’s going up about $28-30 Billion/week.)
Trade Deficit: May’s number came in at $71 Billion.
Unemployment: The U3 June Unemployment number dropped a tick from 4.2% down to 4.1%.
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THIS WEEK:
Focus of the week: Coming off of the Holiday, it’s a quiet economic data week.
Calendar: Fed Minutes (Wed); and jobless claims (Thu).
* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. Yahoo! Finance, the Wall Street Journal, Investor’s Business Daily and Barron’s are several of the sources used for financial information.
* The National Debt figure comes from usdebtclock.org.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Consult your financial professional before making any investment decision. You cannot invest directly in an index. Past performance does not guarantee future results. No strategy can assure a profit or protect against a loss. Investments in the securities markets involve risk, such as loss of your principal.