Stock Market News: 4/3/2017
Double Dividend Stocks | Mar 05, 2017 04:37AM ET
Markets: The market hit record highs again this week, with the S&P 500 gaining for the 6th straight week. Fed Chief Yellen’s speech on Friday indicated a strong likelihood of a rate hike when the Fed meets in mid-March.
Dividend Stocks Update: These high dividend stocks go ex-dividend this coming week: Bandera Gold Ltd (V:BGL), General Motors Company (NYSE:GM), Occidental Petroleum Corporation (NYSE:OXY), PPL Corporation (NYSE:PPL), TELUS Corporation (NYSE:TU), Gaming & Leisure Properties (NASDAQ:GLPI).
Volatility: The VIX fell 4.4% this week, finishing at $10.96.
Currency: The USD rose vs. most major currencies, except the euro, on the back of increase in the probability of a Fed rate hike this month:
Market Breadth: 18 of the DOW 30 stocks rose this week, vs. 21 last week. 57% of the S&P 500 rose, vs. 67% last week.
US Economic News: Core PCE, (Personal Consumption Expenditures), one of the Fed’s favorite inflation gauges, rose 0.3% to a 1.9% y/o/y change, the highest since 2012.
Q4 GDP grew 1.9%.
4-week average Job Claims fell to 234.25k.
Consumer confidence hit a new high, rising from 111.8 to 114.8.
Pending home sales fell 2.8%, and December was revised down from 1.6% to 0.8%.
Week Ahead Highlights: The Non-Farm Payrolls report and Unemployment Rate come out on Friday, along with avg. hourly earnings and workweek. The ADP report on Wednesday may give us an additional clue as to which way jobs are headed.
Get The News You Want
Sectors & Futures: Financials led this week, with Telecoms and Real Estate trailing.
Crude Oil futures fell this week, while Natural Gas gained. The US rig count continued to increase – it’s now up to 609. :
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.