Dividend logo

While the earnings season is in full swing, investors had another thing on their mind this week. And that was the Federal Reserve. This week, traders were treated to the latest FOMC meeting and its take on interest rates. Powell & Company have taken a dovish turn over the last few meetings and investors were expecting the central bank to keep that streak going. The Fed did not disappoint. This set up a bullish trading environment all week, which was supported by strong data across the board.

Various economic measures still showed a growing economy. But the data was not overly bullish that it would cause the Fed to raise rates anytime soon. Adding to this backdrop was strong earnings data from a variety of stocks. It seems that early estimates about poor earnings this quarter were overdone and many sectors are still growing.

An added bonus this week was a bunch of positive news on the trade war front, with China and the U.S. coming very close to signing a deal.

When it was all said and done, stocks continued to rise and hit new record/all-time highs.

Be sure to check out our previous Wrap here.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Worried%20investor
News

Forget the Yield Curve. These Other Signs Are Worth Watching

Turn on any financial news channel, read any investing website, or pick up a copy of the Wall...

Premium Natural%20gas%20storage
News

Utility Giant with 30+ Years of Dividend Growth Solidifies Position on Best Dividend Stocks List

These days, investors have one thing on their minds: safety with a capital “S.” As volatility has...

News

Philip Morris and Royal Caribbean Cruises Increase Dividend

Each week, stocks, funds and REITs announce upcoming dividend payouts. Track how your portfolio’s...