Market News

News by the Numbers: Week of December 18th, 2017

Five noteworthy figures from the previous week

32.95%
The YTD gain of the Nasdaq 100 index as of Friday’s closing bell.

The Nasdaq 100 includes only the top 100 or so non-financial firms listed on the Nasdaq exchange, and this advance shows you what an amazing year the leading domestic and international tech companies are having.

Source: markets.wsj.com/us [12/15/17]

5.8%
The year-over-year gain in retail sales through November.

Last month’s advance of 0.8% pushed the 12-month gain higher. The Commerce Department also measured a 10.4% yearly rise for “non-store” retail sales, which includes online purchases.

Source: www.npr.org/sections/thetwo-way/2017/12/15/571030299/retailers-hope-for-strong-holiday-season-as-november-sales-beat-expectations [12/15/17]

2.1%
Where Federal Reserve officials project the federal funds rate will be at the end of 2018.

This was the median forecast in the Fed’s latest dot-plot chart, issued last week. Four of sixteen central bank policymakers feel the benchmark interest rate will be 2.25% or higher when next year concludes, while three think it will be 1.75% or lower.

Source: www.bloomberg.com/news/articles/2017-12-13/fed-raises-rates-while-sticking-to-three-hike-outlook-for-2018 [12/13/17]

$1,028.70
Where the price of palladium settled on December 14 – its highest close since February 2001.

Palladium is up about 50% YTD. The metal is a prime ingredient in the manufacture of catalytic converters and other components in the engines of both gasoline-powered and hybrid cars, SUVs, and trucks.

Source: www.marketwatch.com/story/how-palladium-and-lumber-defied-the-2017-commodity-slump-2017-12-15 [12/15/17]

2,675.81
The latest record close for the S&P 500 (December 15).

Fresh optimism about the prospects for tax reform helped drive the broad equities benchmark to another historic settlement on Friday.

Source: www.cnbc.com/2017/12/15/us-stocks-tax-bill-congress.html [12/15/17]

 

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Citations.

1 – tradingeconomics.com/united-states/personal-savings [12/14/17]

2 – ssa.gov/planners/lifeexpectancy.html [12/14/17]

3 – theatlantic.com/business/archive/2016/02/job-switchers-raise/460044/ [2/8/16]

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