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Just The Facts - Weekly Economic Video Recap - SEPT 21st

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Welcome to our first episode of Just The Facts.

In less than 3 minutes get the high-level facts about the US and Global economy.  

Is housing booming or slowing down?

How strong is the economy and job market?

Why are German companies expanding in the US?

Click the video to get the facts. 

Market Wrap Up - 

  • U.S. Markets  U.S. stock indexes finished the week mixed with the Dow and the S&P 500 at or near record highs, while the NASDAQ continued to see pressure amid weakness in tech stocks.  

  • The Dow Jones Industrial Average rose 588 points, or 2.3%, to end the week at 26,744. The Nasdaq Composite gave up 23 points to close at 7,987, a loss of 0.3%.

  • By market cap, large caps powered ahead 0.9%, while smaller cap indexes finished in the red.  The mid cap S&P 400 finished the week down -0.3%, along with the small cap Russell 2000 which fell -0.6%.

  • International Markets  Canada’s TSX rebounded 1.3% after last week’s loss, while the United Kingdom’s FTSE rose for a second week by adding 2.6%.  

  • On Europe’s mainland, major markets finished well into the green. France’s CAC 40 surged 2.7%, Germany’s DAX added 2.5%, and Italy’s Milan FTSE followed last week’s 2.1% gain with an additional 3.1% gain this week.  

  • In Asia, China’s Shanghai Composite shot higher by 4.3%, and Japan’s Nikkei gained 3.4%. As grouped by Morgan Stanley Capital International, developed markets gained 2.8% while emerging markets added 3%.

  • Commodities  Energy had its second week of gains, with West Texas Intermediate crude oil rising 2.6%, or $1.79, to $70.78 per barrel.  

  • Precious metals finished the week in the green. Gold rose just 0.02% to $1201.30 an ounce, while Silver gained 1.5%, ending the week at $14.36.  

  • The industrial metal copper rebounded a big 8% after being down five of the last seven weeks. Copper is sometimes viewed as an indicator of global economic health due to its variety of uses.

    If you found this to be valuable, make sure to connect with Sonia on LinkedIn to get next week's recap and say "Hello."