Stock Indexes Gain; NASDAQ Leads
Double Dividend Stocks | Sep 18, 2016 05:21AM ET
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Markets: The indexes gained this week, with the Tech-heavy NASDAQ leading by a long shot, aided by Apple Inc (NASDAQ:AAPL)'s 11%-plus gain.
Dividend Stocks Update: These high dividend stocks go ex-dividend this coming week: NASDAQ:AINV, NYSE:FSIC, NASDAQ:GAIN, NASDAQ:GLAD, NASDAQ:GOOD, NYSE:MAIN, NASDAQ:PFLT, NASDAQ:PNNT, NYSE:EURN, NASDAQ:CPTA, NASDAQ:SLRC, NASDAQ:OXBR, .
Volatility: The VIX fell 12% this week, finishing at $15.37.
Currency: The $ rose vs. most other major currencies, as bonds sold off in world markets.
Market Breadth: 15 of the Dow 30 stocks rose this week, vs. 4 last week. 52% of the S&P 500 rose this week, vs. 15% last week.
US Economic News: Philly Mfg. jumped unexpectedly, while NY Empire State fell more than forecasted. Retail Sales disappointed, with Ex-Auto Sales falling -0.1%, vs. the 0.3% forecast. Core inflation rose 0.3%, higher than forecasts.
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Week Ahead Highlights: The Fed’s highly anticipated rate meeting is next week, Sept. 20-21. Futures markets now put a 22% chance of a rate hike at this meeting. Housing will be in the spotlight, with KB Home (NYSE:KBH) and Lennar (NYSE:LEN) reporting, and the Housing Starts report due out on Tuesday.
Next Week’s US Economic Reports:
Sectors & Futures:
The Tech sector led this week, as the Energy sector trailed, with Crude prices falling.
Crude Oil futures fell -5.89% this week, while Natural Gas and Gasoline both rose:
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