
July 24, 2017 Weekly Economic Update
By Friday’s closing bell, 20% of S&P 500 had reported calendar Q2 results, and 73% had beaten earnings-per-share forecasts.
By Friday’s closing bell, 20% of S&P 500 had reported calendar Q2 results, and 73% had beaten earnings-per-share forecasts.
Friday, the Dow 30 notched its third straight record close: 21,637.74. At the same time, the S&P 500 also settled at a new record of 2,459.27.
The Department of Labor announced some good news Friday: the creation of 222,000 net new jobs in June, the largest hiring gain in four months.
According to newly released Department of Commerce data, personal incomes improved 0.4% in May, but personal spending advanced just 0.1%.
MORE HOMES MOVED IN MAY; LEADING INDICATORS IMPROVE; CRUDE IS ON ITS LONGEST LOSING STREAK IN 2 YEARS; STOCKS ADVANCE
Fed delivers expected & unexpected news; Retail sales, headline inflation both retreat; housing starts slip; gauge of sentiment descends