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Oil Prices Drop 4%; Deutsche Bank Advances 8%

Charlie Toole, vice president at Adviser Investments, has the market analysis for Monday, July 16. The energy sector performed poorly today and the price of oil dropped 4% per barrel on reports of that the Trump administration may grant waivers to certain countries importing oil from Iran following the planned imposition of sanctions in November. Conversely, financials stocks led the gains with Deutsche Bank advancing 8% on encouraging preliminary results; and Bank of America (ticker: BAC) also topping expectations. Strong performance in BAC’s capital markets and credit card divisions, coupled with lower expenses and better-than-expected loan growth, led to a 4% gain for the company’s stock. On the other hand, Netflix plunged 10% in after-hours trading after missing subscriber-growth targets by nearly 50%.

JP Morgan Chase Net Income Increases 18%

Megan Higgins, manager at Adviser Investments, has the market analysis for Friday, July 13. Big banks kicked off the quarterly earnings season, and JP Morgan Chase (ticker: JPM) topped expectations with its $18.3 billion in net income—an increase of 18%. JPM also reported a 15% rise in trading revenue and a 4% loan-growth hike. Citigroup posted a 16% advance in net income and a 2% revenue gain. Wells Fargo, on the other hand, saw quarterly declines in both revenue and net income for all three of its business lines.

NASDAQ Sets New Record: Up 1.4%

Brian Mackey, Senior Research Analyst at Adviser Investments, has the market analysis for Thursday, July 12. Both the Dow Jones Industrial Average and the S&P 500 indexes rose 0.9%, and the NASDAQ Composite closed the day up 1.4%—setting a new record. Technology stocks fueled the gains, with the sector up nearly 2%. This is a reflection of investor optimism related to the ongoing absence of retaliatory trade dispute measures from China. Despite technology’s generally strong performance, semiconductor manufacturer Broadcom plunged 14% on news of its $18.9 billion acquisition of CA Technologies. Conversely, Papa John’s stock rose about 10% following founder John Schnatter’s resignation as chairman.

Materials & Industrials Lead Broad-Based Selloff; Dunkin’ Announces New CEO

Rick Winters, vice president at Adviser Investments, has the market analysis for Wednesday, July 11. The Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite indexes closed the day down 0.9%, 0.7% and 0.5%, respectively. Today’s broad-based selloff resulted in declines for 10 out of the 11 broad S&P 500 sectors; and materials and industrials led the slump. Overseas, Shanghai’s SSE Composite Index took a hit: It fell 1.8%, and is down 14% year-to-date. Closer to home, Dunkin’ Donuts announced that its president of U.S. businesses, David Hoffman, is replacing Chief Executive Officer Nigel Travis, effective immediately.

PepsiCo Advances 5%; JOLTS Report Reveals Quit Rates Highest Since 2001

David Mastroianni, strategic account executive at Adviser Investments, has the market analysis for Tuesday, July 10. PepsiCo (ticker: PEP) beat earnings expectations on new marketing efforts and a 5% uptick in Frito-Lay North America’s operating profit. PEP closed the day up 5%—the largest daily percentage gain for an S&P 500 constituent. The Bureau of Labor Statistics also released its Job Openings and Labor Turnover Survey (JOLTS) report, indicating 6.6 million new job openings in May. This represents a 3% decline from April’s series high, but a 17% gain from a year ago. JOLTS data also reveals job market confidence as American employee quit rates advanced to the highest level since April 2001.

Dow Climbs 1.3%; Twitter Down 5%

Vice President Josh Jones has the market analysis for Monday, July 9. The Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite all advanced, with index gains of 1.3%, 0.9% and 0.9%, respectively. Tesla rose 3% despite its recent cash-flow struggles; and Starbucks posted a nearly 2% gain in response to its highly publicized plastic straw phase-out and outgoing Executive Chairman Howard Schultz’s comments on Chinese expansion. Conversely, Twitter closed the day down 5% following recent reports questioning the validity of as many as 70 million of its user accounts.

Futures Rise on Auto Tariff Negotiations

Chris Hagan, vice president at Adviser Investments, has the market analysis for Thursday, July 5. We saw 28 out of the 30 Dow Jones Industrial Average stocks close the day with gains. Technology stocks rose 1.5% and Dow futures advanced about 150 points before the open on news of a potential auto tariffs agreement between the U.S. and Germany. Investors also responded favorably to Boeing’s announced takeover of Brazil‐based Embraer’s commercial division, and Boeing’s stock is up about 13% this year. As we head into the weekend, we’ll be watching for any potential fallout from tariffs set to go into effect on Chinese goods.

Oil Up More Than 20% in Past Six Months

Senior Vice President Chris Keith has the market analysis for Tuesday, July 3. We saw drops in the Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite for the day. The latest news on June auto sales showed dealers on pace to sell 16.8 million new vehicles nationwide this year. Oil prices ended the day a little lower, but the cost per barrel is up more than 20% for the past six months. Similarly, gas prices are off the peak seen a few weeks ago yet are still $0.70 a gallon higher than last year.

U.S. Chamber of Commerce Launches Anti-Tariff Campaign

Todd Peters, senior vice president at Adviser Investments, has the market analysis for Monday, July 2. Although the day began with stocks down, markets ended the day with modest gains. Trade and tariff fears linger over U.S. and foreign markets, with the steepest losses in Japan, China and South Korea. President Trump’s goal to shrink the trade deficit also made headlines with some questioning his methods. In particular, U.S. Chamber of Commerce Head Tom J. Donohue voiced concerns of retaliatory measures.

Inflation Report Data Reveals Growth Rate Just Over 2%

Vice President Josh Jones has the market analysis for Friday, June 29. We saw several positive stock moves today: Nike released strong earnings and sales; and several of the big banks performed well. The Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite averages ended the quarter with gains—including the NASDAQ’s nearly 7% advance over the last three months. Meanwhile, annual inflation grew just over 2% for the first time in more than six years, indicating that the economy is continuing to get stronger.

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