Stock Market Weekly Update - July 6, 2021
- July 6, 2021
Stocks ended last week generally higher, with the Nasdaq, the S&P 500, and the Dow each climbing more than 1.0%, while the Russell 2000 and the Global Dow lost value. Information technology added 3.2% to lead the sectors, followed by consumer discretionary, health care, and communication services. Crude oil prices rose again, ending the week at $75.20 per barrel. The dollar inched higher, while the yield on 10-year Treasuries fell. The national average retail price for regular gasoline was $3.091 per gallon on June 28, $0.031 per gallon higher than the prior week's price and $0.917 more than a year ago. Gasoline production decreased during the week of June 25, averaging 9.6 million barrels per day, down from the prior week's average of 10.3 million barrels per day.
A strong jobs report helped drive stocks higher last Friday. The S&P 500 advanced for the seventh straight session — the longest run since August 2020. The Nasdaq closed the day reaching another record high, the Dow and the Global Dow rose, while the Russell 2000 dipped lower.
SPENCER NURSE
Title:FINANCIAL ADVISOR, MANAGING DIRECTOR-INVESTMENTS
The Nurse Team has more than 50 years of combined experience in financial planning strategies. As of May 2021, the Team manages over $200 million in client assets. The team focuses on risk-adjusted investment management when assisting clients in addressing their retirement, educational, and philanthropic goals. Spencer and his team take direct responsibility of investment management for client portfolios. In the evolving markets and changes in clients’ lives, the team focuses on creating value based strategies that are tailored to client’s specific situation at various stages in life.
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