Daily Market Commentary

It was a strange day for stocks on Thursday as we saw another wide range of results depending on the index. The Dow shined with an 86-point gain but there was a nasty reversal on the Nasdaq that caught the attention of the technical analysts. The S&P was basically flat again after a late rebound, but small caps took a 0.54% loss.

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The Dow gained 97-points while the S&P was flat and small caps gave back some of Tuesday's gains. The dollar had another terrible day and that helped the I-fund again, which led on the day.

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After some strong early earnings reports before the bell on Tuesday morning, stocks opened sharply higher pushing several indices to new highs again. The Dow gained 100-points, about 60-points off the opening high, but still a meaningful rally. The S&P added 0.29% and small caps led adding about twice that.

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It was a rather slow summer trading day on Monday with early weakness, a midday comeback, and more selling late that saw the indices close mixed. The Dow lagged losing 0.31% on the day while the Nasdaq led, the S&P was down slightly, and small caps closed with modest gains.
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The Nasdaq finally ended its winning streak on Friday after 10 consecutive positive days, but it only lost 2-points. The Dow lost another 31-points but overall it was another flat day for stocks to end the week, and all three of the TSP funds picked up about a half of a percent on the week, as did the bond fund.

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