Stock Market Summary
Monday, April 27, 2015
- All of the major indices were higher last week with gains well over 1%. The S&P 500 recorded an all-time high, while the Nasdaq Composite got within a half percent of its all-time high recorded in March 2000.
- The Nasdaq Composite has been the best performer of the major indices gaining nearly 7.50% for the year to date. The Russell 2000 also has enjoyed a strong year so far up over 5%
- The larger capitalization indices have lagged with the S&P 500 up about 2.75%, while the Dow Jones Industrial Average is up nearly 1.40% year to date. The Dow Jones Transportation Index and the Dow Jones Utility Average, both outstanding performers last year are negative for the year to date.
- The S&P 500 has traded between 2040 and 2120 since February 5. It closed Friday near 2118.
- Earnings season is in full bloom. This week and next week will have the heaviest concentration of reports. After the close today, Apple, Inc. will be reporting their earnings. Apple Inc. is the largest market capitalization stock in the world and the most widely followed.
- A follow through to last week’s advance will likely put the stock market on the track to higher prices in the coming weeks. The intermediate market bias remains positive for the stock market.
Sources: bankrate.com, bloomberg.com, briefing.com, Dow Jones News, Financial Times, finviz.com, Investor's Business Daily, marketwatch.com, seekingalpha.com, Thomson Reuters/First Call, U.S. Dept of Treasury, yahoo.com and individual company web sites and press releases.
Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice. The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness. References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service. Past performance is not a guarantee of future results.