Trade continued to dominate the news last week and cause market volatility as investors monitored discussions of the North American Free Trade Agreement (NAFTA) and tension with China.
Last week marked a noteworthy milestone in our economy: On Wednesday, August 22, the bull market entered its 3,453rd day, the longest such run in U.S. history.
Challenges in emerging markets affected both U.S. and global stock performance last week, with the S&P 500 experiencing several down days.
Stocks ended the week in mixed territory as trouble with Turkey's currency affected U.S. equity performance on Friday, August 10.
Domestic markets ended last week in positive territory, as the S&P gained 0.76%, the Dow was up 0.05%, and the NASDAQ increased 0.96%.
Markets experienced a push-and-pull last week between data indicating strong economic growth and lagging performance from several tech stocks' earnings reports.
On Friday, July 20, stocks lost a small amount of ground after President Trump escalated his threats of increasing tariffs on China.
Last week, trade tensions with China lessened somewhat, while the 2 nd quarter corporate earnings season started with mixed results.
Domestic stocks only traded for 4 days last week, due to the Independence Day holiday. In that time, all 3 major domestic indexes posted positive results for the week.
International trade concerns continue to create uncertainty in markets around the world. [1] Despite the markets' slight rises on Friday, June 29, they recorded losses for the week.
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