The S&P 500 is up nearly seven-and-a-half percent so far this month, on pace for its best August since…
This is shaping up to be the best performing August for the S&P 500 since 1984. Not to be outdone, the Dow Jones is on pace for its best August in 36 years.
Speaking of the Dow, today the Dow officially gets a makeover with Salesforce, Amgen, and Honeywell all added to the index, replacing Exxon Mobil, Pfizer, and Raytheon Technologies. With Apple’s stock split taken place, Apple’s influence on the price movement of the Dow Jones, a price-weight index, will be much smaller starting today as well. The Dow Jones Industrial Average (DJIA) is a widely-watched benchmark index that tracks 30 large, publicly-owned blue chip companies trading on the New York Stock Exchange and the NASDAQ.
For the week ahead, let’s track the movement of interest rates and volatility. The 10-year Treasury yield is up against resistance at .75, can it break above? And the VIX has been moving upward along with the S&P 500, which could be forecasting a period of volatility or a pullback.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:
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