US Consumer Comfort on Highs
$DIA, $SPY, $QQQ, $RUTX, $VXX
- S&P 500 retests its 50-Day Moving Average at 2717
Americans’ sentiment improved to the best mark in 2 months on brighter views of the economy and personal finances, the Consumer Comfort Index reveled Thursday.
|Highlights of Consumer Comfort for the Week Ended 24 June 2018|
Views about the economy are hovering near the best level since Y 2000 as a strong labor market and durable expansion offset any concerns about the effects of trade tensions.
Lower taxes and a recent decline in gasoline prices are leaving more money in consumers’ pockets, with the survey showing sentiment among those earning less than $50,000 advancing to the highest in data back to Y 2010.
- The gap between high and low-income earners remains about even with historical levels after easing from a record about a year earlier
- Sentiment among Democrats rose this week to match the highest reading since early March; comfort eased among Republicans from an all-time high the prior week
Thursday, the major US stock market indexes finished at: DJIA +98.46 at 24216.05, NAS Comp +58.60 at 7503.71, S&P 500 +16.68 at 2716.05
Volume: Trade on the NYSE came in at 809-M/shares exchanged
- NAS Comp +8.7% YTD
- Russell 2000 +7.1% YTD
- S&P 500 +1.6% YTD
- DJIA -2.0% YTD
HeffX-LTN’s US Major Stock Market Indexes Technical Analysis