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News and Insights » Market Review, Week Ending May 26, 2017

Market Review, Week Ending May 26, 2017

Last week the US stock market continued its upward trajectory with the S&P 500 Index ending the week up 1.5% while hitting an all-time high on Thursday. Despite oil prices dropping and weighing on commodity stocks, tech stocks like Amazon furthered the positive movement.

Flash PMI numbers, which show manufacturing projections continue to reinforce that International economies are showing signs of strong growth. Economists believe that the US economy is still on strong footings with unemployment hovering around 4.4%. However, non-US economies may provide stronger growth opportunities.

As we move into the summer months, politics will likely continue to dominate media headlines. However, we believe economic developments will be more important long-term drivers for financial markets.

May 30th, 2017 @ 12:00am by UMAFS
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