Weekly and Year-To-Date Performance
INDEX 12/31/2016 11/17/2017 11/22/2017 % Change Week % Change YTD
 Dow Jones Industrial Average  19,762.60 23,358.24 23,526.18  0.72% 19.04%
 S&P 500  2,238.84 2,578.85  2,597.08  0.71% 16.00%
 Nasdaq Composite  5,382.70  6,782.79  6,869.27  1.27% 27.62%
 Russell Mid-Cap Index  1,783.06 2,014.01  2,028.48  0.72% 13.76%
 Russell Small-Cap Index  1,356.36 1,492.82  1,518.63  1.73% 11.96%


November 22nd, 2017

Dear Friends,

With the bulk of the week’s trading completed ahead of the Thanksgiving holiday the equity markets closed with modest gains. The Dow Jones Industrials, S&P 500 and the Nasdaq are up 0.72%, 0.71% and 1.27% respectively.  The Russell Mid-Cap, Small-Cap and MSCI EAFE indexes have gained 0.72%, 1.73% and 1.23% respectively.

Stocks opened the week to the upside Monday closing with gains across the board. Trading was very light as holiday shortened trading week may have got off to an early start.  The beleaguered telecom sector got a boost from shares of Verizon which rose 1.7% after the company received some favorable press from one analyst.  The sector closed up 0.1% on the day.  Industrials and consumer goods were among the day’s leaders as the sectors added 0.49% and 0.45% respectively.  Financials and technology finished with solid gains led by Citigroup, JPMorgan and Cisco which gained 1.01%, 0.89% and 1.67%.  The Dow closed up 72 points or 0.31%, at 23,430.  The S&P and the Nasdaq added 0.13% and 0.12%.

The markets made another moved higher Tuesday and the major indexes closed at new record highs once again. The technology sector led the way gaining 1.2% as shares Apple, Microsoft, Amazon, Alphabet and Facebook rose 1.86%, 1.44%, 1.17%, 1.58% and 1.75%.  The financial sector closed up 0.3% but with many of the major players finishing in the red.  Small-Cap stocks also closed with solid gains as the Russell 2000 rose 1%.  The Dow gained 161 points or 0.69%, at 23,591.  The S&P and the Nasdaq added 0.65% and 1.06%.

Stocks finished mixed Wednesday on light trading volume. Technology and small-cap stocks led the day’s gains, while the blue-chip Dow and S&P 500 lagged.  Crude prices rose 2% to finish at $57.97 per barrel and the energy sector rose 0.57% as shares of Exxon, Chevron and ConocoPhillips added 0.28%, 0.64% and 0.42%.  Financials and industrial weighed on the blue-chip indexes while shares of Amazon and Apple gained 1.46% and 1.05% to lift the technology sector.  In economic news orders for durable goods fell in October following a three-month streak of gains and consumer sentiment ticked down last month.  The Dow closed down 65 points or 0.27%, at 23,526.  The S&P was off 0.08% and the Nasdaq gained 0.09%.  The 10-year Treasury note fell three basis points to close yielding 2.323%.

Happy Thanksgiving!