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News and Insights

News and Insights » Market Review, Week Ending June 2, 2017

The news and reaction to President Trump’s withdrawal from the Paris Climate Accord was global, including executives, media outlets, and political figures. However, the US market continued its rally this last week with the S&P 500 breaking into all-time highs on positive investor sentiment. This was the first week in over a month where small cap stocks outperformed large cap stocks.

WTI crude oil fell to $47.88/barrel as domestic oil production continued to move higher.  This action of increased supply of oil to the market by US production has somewhat offset the intended impact of OPEC’s recent production cuts.  

The Federal Open Market Committee is expected to meet next week, June 13-14.  Economists will await any interest rate changes or projections to be announced at the meeting’s conclusion.

June 5th, 2017 @ 12:00am by UMAFS
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