Weekly Market Drivers | LPL Financial Research

Stocks post fourth week of gains on trade talk progress, U.S. corporate earnings

US: S&P 500 Index +2.9%, Dow +3.0%, Nasdaq +2.7%
Europe: STOXX Europe 600 +2.3%, German DAX +2.9% France CAC 40 +2.0%, U.K. FTSE 100 -1.2%
Asia: Japan Nikkei +1.5%, China Shanghai Composite +1.7%, Korea KOSPI  +2.4%
Rates/Commodities: 10-Year Treasury yield +6 basis points to 2.73%, WTI crude oil +1.2%, COMEX gold: +0.35%

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Government Shutdown Enters Uncharted Territory

The U.S. government is in Day 27 of a partial government shutdown, now the longest in history.

Past shutdowns have largely been a nonevent for the U.S. economy and stocks. Business and consumer confidence indicators usually decline and government spending drops during a shutdown, but any losses have typically been recouped quickly. As shown in the LPL Chart of the Day, U.S. stocks have also historically fared well after shutdowns, showing that any economic impact wasn’t enough to derail market rallies.

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Q4 Earnings Preview: Great to Good

Fourth quarter earnings reporting season begins this week with about three dozen S&P 500 companies set to report results. The action kicked off this morning with Citigroup’s numbers, which will be followed by several other major banks later in the week, as well as a smattering of results from some consumer and industrial companies. So what does corporate America have in store for us?

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