After Down Week, Markets Bounce Back
Double Dividend Stocks | May 03, 2015 01:26AM ET
Markets: The markets had a down week, on mixed earnings results, such as a disappointing Q1 GDP growth rate of just .2, vs. the 1% forecasted, but bounced back big on Friday, as bargain hunters bought beaten down Tech and Healthcare stocks.
Volatility had a bouncy ride, rising to 15.29 on Thursday’s down day, before falling to 12.70 to end the week, up just over 1% for the week.
The US dollar fell vs. most major currencies in April, except for the yen:
Market Breadth: This week, 13 out of 30 DOW stocks rose, vs. 21 last week. 40% of the S&P 500 rose, vs. 65% last week.
US Economic News: The Fed kept its rate at .25%…Initial Claims had its lowest reading since April 2000…Case-Shiller Home Index was better than expected…Consumer Spending rose in the 1st quarter, and Chicago PMI rose more than expected.
Our latest Dividend Stocks Blog article: “The 7 Best Dividend Stocks In 2015″ (You can read our latest blog articles by scrolling down this page)
Week Ahead Highlights: Friday’s Non-Farm Payrolls Report for April should shed some light on the direction of the US economy – did hiring resume its overall upward trend; was March’s weak report a temporary blip? The market expects job creation of 213K, vs. March’s tepid 126K figure.
Get The News You Want
Next Week’s US Economic Reports:
Sectors and Commodities:
Basic Materials and Energy stocks rallied this week, helped by a falling dollar:
Crude Oil rose 15% this past month, while Natural Gas rose nearly 5%:
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.