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Market Summaries: Keep Up-to-date with the Latest Market Information | Wescom Financial Services

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Market Summaries



Market Month: February 2018


Quarterly Market Review: January-March 2018


Annual Market Review 2017


Market Week: April 23, 2018

The Markets (as of market close April 20, 2018)

Favorable first-quarter earnings reports helped push stocks higher for the second consecutive week. Led by the small caps of the Russell 2000, each of the benchmark indexes listed here posted gains by the end of last week. The energy sector continued to post strong returns, boosted by rising crude oil prices, which are approaching $70 per barrel. Treasury yields climbed as prices fell following a sell-off of Treasury bonds.

The price of crude oil (WTI) climbed again last week, closing at $68.26 per barrel early Friday evening, up from the prior week's closing price of $67.39 per barrel. The price of gold (COMEX) fell to $1,337.60 by early Friday evening, down from the prior week's price of $1,348.60. The national average retail regular gasoline price increased to $2.747 per gallon on April 16, 2018, $0.053 higher than the prior week's price and $0.311 more than a year ago.

Market/Index2017 ClosePrior WeekAs of 4/20Weekly ChangeYTD Change
DJIA24719.2224360.1424462.94 0.42% -1.04%
Nasdaq6903.397106.657146.130.56% 3.52%
S&P 5002673.612656.302670.140.52% -0.13%
Russell 20001535.511549.51 1564.120.94% 1.86%
Global Dow3085.413057.983083.280.83% -0.07%
Fed. Funds target rate1.25%-1.50%1.50%-1.75%1.50%-1.75%0 bps25 bps
10-year Treasuries2.41%2.82%2.96%14 bps55 bps

Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments.

Last Week's Economic Headlines

  • Sales at the retail level grew 0.6% in March from the previous month, and 4.5% above March 2017. Motor vehicle and parts dealers saw a monthly sales increase by 2.0%, while health and personal care sales advanced 1.4% in March over February. Nonstore (internet) retail sales increased 0.8% for the month and are up 9.7% over March 2017.

Eye on the Week Ahead

Several important economic reports are out this week. Information on new and existing home sales in March is revealed. Last month, existing home sales fared better than sales of new homes. The first look at the gross domestic product for the first quarter comes at week's end. The fourth-quarter GDP grew at a rate of 2.9%.

Data sources: News items are based on reports from multiple commonly available international news sources (i.e. wire services) and are independently verified when necessary with secondary sources such as government agencies, corporate press releases, or trade organizations. Market data: Based on data reported in WSJ Market Data Center (indexes); U.S. Treasury (Treasury yields); U.S. Energy Information Administration/Bloomberg.com Market Data (oil spot price, WTI Cushing, OK); www.goldprice.org (spot gold/silver); Oanda/FX Street (currency exchange rates). All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities, and should not be relied on as financial advice. Past performance is no guarantee of future results. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.

The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The S&P 500 is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. The Russell 2000 is a market-cap weighted index composed of 2,000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. Market indices listed are unmanaged and are not available for direct investment.


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