Stock Market News: 5/13/17
Double Dividend Stocks | May 14, 2017 02:16AM ET
Markets: The market fell this week, reacting to an uncertain US political environment, after the firing of FBI director Comey. Brick & Mortar Retail stocks slid, led down by JC Penney (NYSE:JCP), which reported mixed results. Retail Sales rose .4% in April, below the .4% forecast.
The NASDAQ was the sole gainer, and leads the other indexes by a wide margin year-to-date, buoyed by resurgent Tech firms.
Dividend Stocks Update: These high dividend stocks go ex-dividend this coming week: GLAD (NASDAQ:GLAD), GOOD (NASDAQ:GOOD), GAIN (NASDAQ:GAIN), HRZN (NASDAQ:HRZN), MAT (NASDAQ:MAT), NAT, CPTA (NASDAQ:CPTA).
Volatility: After hitting its lowest point in decades on Monday, the VIX rose 2.8% this week, finishing at $10.38.
Currency: The dollar rose vs. most major currencies this week. The British pound pulled back, in the wake of a decreased 2017 GDP forecast for the UK.
Market Breadth: 14 of the Dow Jones stocks rose this week, vs. 19 last week, and 52% of the S&P 500 rose, vs. 60% last week.
US Economic News: The Consumer Price Index rose .2% in April, with the Core CPI rising .1%. The Producer Price Index jumped .5% in April, more than the .2% forecast.
Get The News You Want
Week Ahead Highlights: The Q1 ’17 earnings season continues, with Home Depot (NYSE:HD), Cisco, and Walmart (NYSE:WMT) reporting, among many other major firms. More retailers will report, such as TJX (NYSE:TJX), LB (NYSE:LB), ROST (NASDAQ:ROST), and FL (NYSE:FL).
We’ll also get a look at Housing data, with the Housing Starts and Building Permits reports for April due out on Tuesday.
Sectors & Futures: Tech led again this week, on the back of Apple’s 5% gain, while Basic Materials trailed.
Cocoa futures led this week, while oats trailed. WTI Crude gained 3.6%, its 1st gain in a month, on hopes that OPEC will extend its production cuts. Natural Gas rose 4.4%:
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.