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  • 2 years ago
Capping Off a Record Week

Capping Off a Record Week

S&P hits new record high close. Measuring the fallout from Brexit. GE reports multiple numbers. American Airlines hits a soft patch. A look at the oil patch. A nationwide network of chargers. Amazon student loans. Pokemon gets a Big Mac.
Financial Review by Sinclair Noe for 07-22-2016
DOW + 53 = 18,570
SPX + 9 = 2175
NAS + 26 = 5100
10 Y - .02 – 1.55%
OIL - .51 – 44.24
GOLD – 8.60 = 1323.10

Stocks closed higher for the fourth straight week, with the S&P hitting a new record high. The rise capped the longest run of weekly gains since March. The Dow Industrial Average did not close at a record high but has been positive for 10 of the last 11 sessions.  A three-week rally in global equities has added more than $4.5 trillion in value.  The next big event for the markets likely will be the two-day Fed policy meeting slated for July 26-27. Although the central bank isn’t expected to push benchmark rates higher, market participants will pore over the updated policy statement for clu