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O&G Research and Thinkpieces

July 31, Market Update

8/1/2018

 
Stocks broke a three-session losing streak on Wednesday, with industrial shares leading the charge. The major averages extended modest opening gains throughout the morning, but slipped a bit in the final stretch, closing a step below their session highs. The S&P 500 added 0.5%; the Dow climbed 0.4%; the Nasdaq rose 0.6%; and the small-cap Russell 2000 jumped 1.1%.​
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Reports that the U.S. and China are trying to restart trade talks helped underpin the broader market, especially the trade-sensitive industrial sector (+2.1%), which closed atop the sector standings. Investors were also paying close attention to the information technology sector (+0.3%), which was a bit erratic after tumbling for three sessions in a row, trading between -0.4% and +1.0%.
​
In news from central banks, the Bank of Japan decided to leave its ultra-loose monetary policy intact; and the Fed kicked off a two-day policy meeting in Washington.

Apple reported earnings after the market-close yesterday. Apple’s revenue growth continued to accelerate thanks to sales of top-of-the-range versions of its flagship iPhone, capping a tumultuous earnings season for America’s leading tech companies. Apple shares rose as much as 4 per cent in after-hours trading following the results.
Source: Briefing.com
Graph: Google Finance

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Olivar & Greb Capital Management, LLC
US Registered Advisory CRD#: 285905
​
16192 Coastal Highway, Lewes, Delaware 19958, County of Sussex
Framingham, Massachusetts, 01701, United States of America
上海市静安区835陕西北路28号
​
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  • About Us
  • Our Services
    • Investment Management >
      • Retirement Planning
      • Executive Compensation Management
      • Education Planning
      • Trust & Estate Planning
    • U.S. Tax Services
    • American Expat Services
  • Meet The Team
  • CLIENT PORTALS
    • SCHWAB LOGIN
    • INTERACTIVE BROKERS LOGIN
    • FINANCIAL PLANNING CLIENT PORTAL
  • Contact Us
  • Community
    • Volunteer & Non Profit
    • The Value Investor's Library
  • Careers
  • 中文