Craig Johnson’s

Stock Market Summary

Monday, June 5, 2017

  • Stocks continued to rally last week. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all recorded all-time highs.
  • The major market indices were led by the Russell 2000, which is a positive indication of a market advance that is broadening out. The Russell 2000 had lagged for much of this year. Seeing last week’s strength with the index nearing all-time highs could be a new catalyst for a further market move higher.
  • The Russell 2000 and the Nasdaq Composite gained over 1.50%. The S&P 500 rose nearly 1%, while the Dow Jones Industrial Average gained a bit more than 0.50% for the week.
  • Technology remains the sector leader for the year to date with Semiconductors providing much of the leadership. Last week, Healthcare and Basic Materials led all sectors.
  • Energy was the worst performing sector last week and has been the weakest for the year to date. Financials struggled last week and that sector is the second worst performing sector year to date.
  • The stock market strength is interesting when compared to institutional and investor sentiment, which remains negative on the market. Rather than getting enthusiastic about the advance, it seems a higher comfort level for investors not only currently but for quite some time has been the attraction to negative scenarios for the market. Kind of a classic “wall of worry” climb to all-time highs.
  • The stock market’s short, intermediate and long term trends are higher.



Sources:,,, Dow Jones News, Financial Times,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, 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.