After gaining for three consecutive trading weeks, the United Kingdom’s FTSE 100 Index pulled back in the week ending July 28.
After gaining for five consecutive trading weeks, China’s Shanghai Composite Index started the week ending July 28 on a stronger note.
Flowserve’s disappointing 2Q17 earnings along with a decrease in third quarter guidance triggered a sell-off in the company on Friday.
Align Technology recorded revenue of $356.5 million in 2Q17—growth of 32.3% from $269.4 million recorded in 2Q16.
After losing momentum and trading with volatility on Thursday, the S&P 500 closed lower on July 28. Eight out of 11 major sectors closed negative on Friday.
At 6:00 AM EST on July 31, the FTSE 100 Index was trading at 7,406.75—a fall of 0.52%. The iShares MSCI United Kingdom ETF (EWU) fell 0.12% on July 31.
After gaining for six consecutive trading weeks, China’s Shanghai Composite Index started this week on a stronger note.
The country’s fiscal stimulus has remained lower in the past few years. This lower fiscal stimulus also reduced productivity in the economy.
Between December 2015 and July 2017, the Federal Reserve hiked its key interest rate four times. Each time, it implemented a hike of 25 basis points.
According to Richard Bernstein, policy implementation and how it impacts market fundamentals matter to the bull market (QQQ) (IWM) more than the 2016 Presidential election.
In a July 25, 2017, interview with CNBC, Richard Bernstein shared his views on the bull market, risks to the bull market, and how the 2016 presidential election drove the market rally.
Banking stocks posted moderate gains this week as the Fed left interest rates unchanged. The S&P Financial Sector Index rose 0.5%.
CA was the S&P 500’s biggest loser on Thursday. The failed merger talks with BMC Software triggered a sell-off in CA.
Automatic Data Processing was the S&P 500’s top gainer on Thursday. The stock rose despite a mixed earnings report.
The S&P 500 started this week with an improved sentiment. On July 27, six out of the S&P 500’s 11 major sectors closed negative.
At 6:25 AM EST on July 28, the FTSE 100 Index was trading at 7,384.25 —a fall of 0.85%. The iShares MSCI United Kingdom ETF fell 0.44% to $34 on July 27.
On July 28, the Shanghai Composite Index rose 0.11% and ended the day at 3,253.24. The SPDR S&P China ETF (GXC) fell 0.48% to $95.76 on July 27.
Boeing, the world’s largest aerospace company, was the S&P 500’s top gainer on Wednesday. Boeing had a better-than-expected earnings report.
After gaining for three consecutive trading weeks, the S&P 500 started this week with an improved sentiment. It rose to record high price levels.
After gaining for three consecutive trading days, the United Kingdom’s FTSE 100 Index started this week on a weaker note.