Strength, Growth, and Tension
Monday 11th June, 2018
As last week ended, tension between the U.S. and some of its greatest allies was on the rise. Trade remained a hot-button topic ahead of the G-7 meeting in Canada, but investors seemed largely unfazed by the drama. In fact, all 3 domestic indexes posted strong results: The S&P 500 added 1.62% and the NASDAQ gained 1.21%, with both indexes notching their 3rd week of gains in a row. The Dow ended Friday up 2.77% for the week— recording both its highest level and largest weekly gain since March.3 International stocks were also up, with the MSCI EAFE increasing by 0.91%.