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Stock Aug 2014 - "Stock Market: Summer Sizzles"

Stock Aug 2014 - "Stock Market: Summer Sizzles"

Stock Aug 2014 - "Stock Market: Summer Sizzles"

Excerpt


Stock Market: Summer Sizzles



As summer temperatures rose, market analysts generated their own style of mid-summer madness with predictions ranging from imminent market corrections to confident optimism. Perhaps the variety of opinions was triggered by the deluge of economic data that hit the streets at the end of July. The market’s moves during the month lacked the coherence that stock traders like to see, and the pending monetary policy announcements from the Federal Reserve further ignited anxious speculation. The good news that unemployment had fallen to a six-year low failed to ignite the enthusiasm we might have expected, and earnings disappointments from big companies like Amazon and Boeing helped drive the Dow Jones Industrial Average down at the end of the fourth week of July – although the S&P 500 recorded little change and the Nasdaq composite showed a slight gain.


 


 


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