Brian Mackey, senior research analyst at Adviser Investments, has the market analysis for Thursday, July 19. The Dow Jones Industrial Average closed down 0.5% and the S&P 500 and the NASDAQ Composite each declined 0.4%. President Trump’s critique of the Federal Reserve’s interest-rate hikes dominated headlines, with bond yields dropping immediately following his interview. We also saw weekly jobless claims data released—revealing a nearly 50-year low among people applying for benefits. This is a positive indicator for the broader economy because it implies a strong employment picture and, thus, a healthy consumer.
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