Megan Higgins, manager at Adviser Investments, has the market analysis for Wednesday, July 25. The Dow Jones Industrial Average, S&P 500 and NASDAQ Composite rose 0.7%, 0.9% and 1.1%, respectively, on encouraging news of a trade agreement between the U.S. and the European Union. Despite those gains, ongoing tariff negotiations continue to impact U.S. markets; today, we saw declines for automakers Ford Motor, Fiat Automobiles, Chrysler and General Motors. Facebook’s plummet was arguably the biggest news of the day—falling more than 10% on disappointing quarterly earnings. On the other hand, Amazon gained nearly 2% in anticipation of Thursday’s earnings call. Tomorrow, we’ll be watching for reports from Starbucks, Comcast and McDonald’s.
Daniel Wiener Chairman Jeffrey DeMaso Director of Research Chris Keith Senior Vice President, Fixed Income Elizabeth Kesselman Vice President Jim Lowell Partner, Chief Investment Officer Charles Toole Vice President, Portfolio Manager Elizabeth Laprade Research Analyst July 27, 2018