Last updated: Dec-13-2018

    
 
Weekly market wrap July 13, 2018: Stock markets gain on Q2 earnings expectations
12/14/2018 5:14:06 PM
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By Fund Library News Wire  | Friday, July 13, 2018


 

By Mike Keerma

The major North American stock indices posted respectable gains on the week, as underlying economic fundamentals remained strong, and hopes remained high for a strong second-quarter earnings season. Despite continuing trade tensions fueled by U.S. President Donald Trump’s outbursts this week in the U.K., soaring technology issues propelled the Nasdaq Composite Index to a record high, with a 1.8% advance on the week overall. Those same technology gains helped push the Dow Jones Industrial Average back above the 25,000 mark for the first time in more than a month and lifted the S&P 500 Composite Index over the 2,800 mark for the first time since February, giving the blue-chip index a 1.5% gain on the week. Toronto’s benchmark S&P/TSX Composite Index ended just about flat on the day at Friday’s close, weighed down by sliding bank stocks, but the index still managed a 1.2% advance for the week overall. Crude oil lost 4.4% on the week (and is now down 16.8% year to date), while gold was down 1.1% on the week.

Check Fund Library’s Market Activity page regularly for active updates on key market indexes and commodities.

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