Stock Market Weekly Update - June 21, 2021
- June 21, 2021
The week ended with each of the benchmark indexes losing ground. The small caps of the Russell 2000 fell the furthest, followed by the Global Dow, the Dow (which dropped for the fifth consecutive session), the S&P 500, and the Nasdaq. Among the sectors, financials and materials lost more than 6.0%, energy fell over 5.0%, and industrials dipped nearly 4.0%. The dollar and crude oil prices advanced, 10-year Treasury yields closed down 1.0 basis point, and gold prices ended a run of positive weekly gains, plunging 6.0%.
Following its meeting last week, the Federal Open Market Committee offered no definitive changes to its policy stance and view of the economy. However, the Committee's projections anticipate two interest-rate hikes by the end of 2023.
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 goal based strategies that are tailored to client’s specific situation at various stages in life.
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