Stocks finish best June in decades, capping strong first half to 2019

[DigitalDrifter]

Jolly Good show !!

Stocks on Friday finished their best June in decades, capping a strong first half of 2019 and a big rebound from May’s market downer. But the good news is tempered by the fact that investors relied on five giant companies for a third of the gains over the past quarter, reflecting the digital economy’s remarkable growth and its potential for fragility.

Three of the Standard & Poor’s 500 index leaders — Facebook, Apple and Amazon — have come under scrutiny from regulators and politicians in the last several months for their consumer dominance. Microsoft and Walt Disney round out the big five performers.

https://www.washingtonpost.com/busi...ing-strong-first-half/?utm_term=.09e56feb2cf3

 

[DigitalDrifter]

It had to just kill WAPO to have to write that article title.

 

[MarathonMike]

Q1 GDP at 3.1%, stock market near all-time high, yep It's about to turn back into Obama's economy.

 

[DigitalDrifter]

17% surge this year !

 

[tigerred59]

Jolly Good show !!

Stocks on Friday finished their best June in decades, capping a strong first half of 2019 and a big rebound from May’s market downer. But the good news is tempered by the fact that investors relied on five giant companies for a third of the gains over the past quarter, reflecting the digital economy’s remarkable growth and its potential for fragility.

Three of the Standard & Poor’s 500 index leaders — Facebook, Apple and Amazon — have come under scrutiny from regulators and politicians in the last several months for their consumer dominance. Microsoft and Walt Disney round out the big five performers.

https://www.washingtonpost.com/busi...ing-strong-first-half/?utm_term=.09e56feb2cf3

Wonderful news for the rich and those vested in the market...I see pay raises coming to the bottom 98% Not!!!!

 

[airplanemechanic]

Unfortunately, things are not quite as good as they seem. With less than a third of US households having investments in stocks, the stock market is not a true indication of Main Street USA.

https://www.washingtonpost.com/outl...t-seems/?noredirect=on&utm_term=.fd971daadf80

U.S. Consumer Sentiment Declined in June

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U.S. adds just 75,000 jobs in May and wage growth slows in warning sign for economy