Indices set for best weekly performance this year

With a number of positive sessions this week, including Tuesday’s Yellen-inspired surge, all three major US stock benchmarks are on track for their best week in 2014 so far.

With just over half an hour to the close on Wall Street, the Dow Jones was up 0.81% or 129 points at 16,157, the S&P 500 added 0.53% to stand just over 10 points from its all-time high and the NASDAQ 100 rose 0.14%. This caps a solid end to a solid week for the stock market ahead of Monday’s stock market closure for Presidents’ Day.

There are some niggling doubts arising from recent softness in economic data, but this really could just be a blip from the weather. The market will be factoring some drag into first-quarter GDP, but based on stock prices, it is clear that investors still believe the big trend for the economy is upwards on onwards.

Within the context of that big picture, this week’s accord between lawmakers in Washington on the issue of the debt-limit is a more weighty positive than a the intermittent weakness in this week’s economic reports. We’ve had a strong earnings season, showing that corporate America is in fine fettle, and that’s why investors have been buying the dips. 

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.