The indexes eked out a small gain this week, with the S&P hitting a new intraday all-time high, of 2123.89, and an all-time closing high of 2,122.73. Tepid economic data served to dampen investors’ enthusiasm, as US markets continued to stay range-bound, as they have over the past 3 months.
Volatility fell 3.7% this week, ending at 12.38.
Market Breadth: This week, 20 out of 30 DOW stocks rose, vs. 24 last week. 60% of the S&P 500 rose, vs. 59% last week.
US Economic News: U.S. consumer sentiment fell more than expected in May and was at its lowest since October. Industrial Output also disappointed again. Unemployment Claims’ 4-week avg. continued to hover near April 2000 lows.
Need Help Earning More Income In The Market?
Click here to learn how we can help you earn more income with less risk
Our latest Seeking Alpha article: “A High Dividend Stock Yielding Over 8%, With 28% Dividend Growth, & More Growth Ahead“
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: (Reuters) Investors will watch for any change in the economic outlook from housing data and remarks by various Federal Reserve speakers next week, while retailers will take over on the earnings front, (Walmart reports Tuesday), as the first-quarter reporting season trickles to its end. Housing starts are expected to have risen in April to a seasonally adjusted annual pace of 1.02 million units from 926,000 in March.
The highlight comes at the end of the week with Fed Chair Janet Yellen speaking on the economic outlook on Friday. Any hint of a downgrade to the economy could signal a delay in monetary policy tightening; central bank watchers now expect the Fed to begin raising interest rates in September.