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November 5, 2019 By PMG

THE WEEK ON WALL STREET – November 5, 2019

A better-than-forecast jobs report prompted a stock market rally Friday, two days after traders witnessed another interest rate cut by the Federal Reserve.

Both the S&P 500 and Nasdaq Composite ended the week at historic peaks, while the Dow Jones Industrial Average settled less than 12 points under its all-time record close. The Nasdaq rose 1.74% for the week; the S&P gained 1.47%. The Dow added 1.44%. MSCI’s EAFE benchmark, which measures developed stock market performance outside the U.S. and Canada, improved 0.58%.1,2,3

Read More

1 – reuters.com/article/us-usa-stocks/sp-500-nasdaq-set-records-on-jobs-data-trade-headway-idUSKBN1XB3ZD [11/1/19]
2 – wsj.com/market-data [11/1/19]
3 – quotes.wsj.com/index/XX/990300/historical-prices [11/1/19]

Filed Under: Weekly Commentary

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PMG Wealth Management
60 Landover Parkway, Suite D
Hawthorn Woods, IL 60047

Phone: 847.550.6100
Fax: 847.550.6106

Driving Directions: Entrance to Landover Parkway is off Midlothian Road (not Fairfield Road).

PMG Wealth Management, Inc.™ • 60 Landover Parkway.• Suite D • Hawthorn Woods, Illinois 60047 • 847-550-6100

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