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Wall Street to Your Street
August market recap: Stock market suffers from summer doldrums
September 8, 2017 | Gene Walden, Senior Finance Editor
The stock market has been fairly flat this summer in spite of improving economic growth, an expanding employment market, and solid retail sales and consumer spending. After finishing July at 2470.30, the S&P 500® closed August about a point higher at 2471.65.
New CIO David Royal: Lead by example
August 23, 2017 | Gene Walden, Senior Finance Editor
David Royal, who has served as President of Thrivent Mutual Funds since 2015, took on an expanded role July 1 as Senior Vice President, Chief Investment Officer (CIO) of Thrivent Financial following the retirement of Russell Swansen. In this wide-ranging interview, David details his plans and goals for the future and offers his philosophy on managing his team and helping investors be wise with money.
Employment still strong with 209,000 new jobs in July
August 8, 2017 | Mark Simenstad, Chief Investment Strategist
The U.S. economy continued a strong summer employment trend, adding 209,000 jobs in July following an increase of 231,000 new jobs in June (revised), according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued August 4. This marks the 82nd consecutive month of job growth.
July market recap: Financial stocks gaining strength as oil prices recover
August 1, 2017 | Gene Walden, Senior Finance Editor
After six months of declines, oil prices finally started to recover in July, carrying the S&P 500® Energy sector to its first monthly gain of 2017.
Wall Street to Your Street: