STOCK MARKET UPDATE
Updated following each market day
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The popular averages closed narrowly mixed on Friday, but up for the week despite huge drops on Monday and Tuesday. Crude oil prices continued the surge upward that began on Thursday. Core inflation was barely existent in July, while personal income and spending were up. The US trade deficit narrowed a bit in July. Consumer sentiment has decreased slightly this month. The Fed vice chairman indicated that the FOMC still could raise interest rate targets some time this year. Meanwhile, the price of gold rose on Friday.
Tesla Motors (TSLA +2.3%) shares were boosted by news it obtained agreements with two lithium hydroxide suppliers to provide that necessary chemical to Tesla’s battery Gigafactory, which is now under construction in preparation for the needs of the proposed mass market Model 3 car. On Thursday TSLA gained 8.1% following the Consumer Reports review seen in the video below.
Above is my 3-
The larger scale waffling in the SPY price over the last few months took an ugly turn to the south amid heavy trading volume late last week and earlier this week. SPY price drops in June and July presented short-
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