John Hancock: Weekly Market Recap Week Ended July 5th
Jobs rebound After May’s weak jobs gain of 72,000, the 224,000 increase in the June report exceeded expectations, topping the average monthly increase so far this year. The latest monthly gain led analysts to suggest that the U.S. Federal Reserve could be less aggressive about cutting interest rates when it concludes its next policy […]
John Hancock: Weekly Market Recap Week Ended June 28th
V-shaped recovery June’s strongly positive results for stocks marked a sharp reversal from May, as the major indexes’ June gains were roughly equal in magnitude to the previous month’s losses. The S&P 500, the Dow, and the NASDAQ all gained around 7% on a price basis; it was the best June since 1955 for the […]