Equities Rebound, Technology Rips08/03/2020


Latest - Insights Latest - Insights Latest - Insights Latest - Insights Latest - Insights

July 27 - 31, 2020 Recap

Stocks Post Solid Gains
U.S. benchmark S&P 500 equities rebounded last week, resuming a bullish trend after falling 0.27% the week prior. Stocks ended Friday with solid gains, lifted by stellar earnings reports from four of the five largest U.S. companies. Investor sentiment had earlier weakened after a downbeat reading on consumer confidence, adding to concerns over a record-setting 32.9% year-over-year plunge in America’s gross domestic product (GDP).

Weekly Performance
For the week, the S&P 500 climbed 1.75%, the Nasdaq Composite jumped 3.70%, while the Dow Industrials slipped 0.16%. The S&P 500 posted its fourth consecutive monthly gain, up 5.6% last month.

Latest - InsightsCIM Weekly Recap 080320.pdf Latest - Insights

The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.

Drop Us a Line

Looking to be part of something more? Get in touch to learn about the benefits of affiliating with Cetera and start taking the next steps to a stronger future.