Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

So, is it game on? Or at least back to moving higher? Stocks seem to think so, as the recent Trump Slump has turned into a steady climb upward this week. After traders were displeased with the lack of policy news from the Trump administration, this week saw them pouring more money into equities. The reason hasn’t been Trump, but the return to earnings season.

Investors focused this week on the sheer number of profit reports and forecasts from key economic bellwethers. The blitzkrieg of earnings season has typically brought good tidings and seemed to break the snap of lower revenue reports. However, guidance continues to remain cautiously optimistic.

That cautiously optimistic tone from corporations has been punctuated by the also cautiously optimistic tone of recently released economic data. Key data points in manufacturing, labor health and consumer spending have been strong. However, they’ve pulled back from the highs recently recorded since Trump was elected.

Nonetheless, traders didn’t seem to mind as they pushed stocks higher overall.

Check out last week’s Market Wrap here.

Monday

Coming off the weekend, stocks kicked off with a bang. The jump had nothing to do with anything here at home, but came courtesy of France. Centrist candidate Emmanuel Macron won the first round of France’s presidential election over National Front leader Marine Le Pen. That win was seen as positive for the EU, the euro and global equities. The pending French election and the potential for Frexit have weighed on shares since the summer.

To read the Full Story, Go Premium or Log In

Popular Articles

News

General Electric Company Sees a 50% Decrease in Dividend

Every day, companies across the globe announce upcoming dividend payouts. You can find the...

Premium Untitled%20design%20%2855%29
News

Having a Steady Hand Is Vital

Sweaty palms. A slow, creeping feeling of dread. Perhaps even a moment of sheer terror. For most...

Premium Shutterstock 351498242
News

Monthly Dividend Payers Rise in Rank on Most Watched Stocks List

Last week, two high-yielding monthly dividend payers went up on the Most Watched Stocks List....