The Week 26 of 2021 US Stock Market News Recap
The Stock Market Bull gets the trifecta of 3 record closes on the last business day of Week 26, thanks to some good economic news.
By Larry C. Paxton
US Stock Market Indices Summary |
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Week 26 of 2021 Ending 07/02/21 |
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| DJIA | NASDAQ | S&P500 | |
| Previous Year Close(12/31/20) | 30,606.48 | 12,888.28 | 3,756.07 |
| Previous Quarter Close(06/30/21 | 34,502.51 | 14,503.95 | 4,297.50 |
| Previous Month Close(06/30/21) | 34,502.51 | 14,503.95 | 4,297.50 |
| Record Close Date | 07/02/21 | 07/02/21 | 07/02/21 |
| Record Close | 34,786.35 | 14,639.33 | 4,352.34 |
| Week 25 Close | 34,433.84 | 14,360.39 | 4,280.70 |
| Week 26 Close | 34,786.35 | 14,639.33 | 4,352.34 |
| Percent Change-Week | 1.02% | 1.94% | 1.67% |
| Percent Change Month-to-Date | 0.82% | 0.93% | 1.28% |
| Percent Change Quarter-to-Date | 0.82% | 0.93% | 1.28% |
| Percent Change Year-to-Date | 13.66% | 13.59% | 15.87% |
| Percent Change-Record | 0.00% | 0.00% | 0.00% |
The Stock Market Bull and Bear Tallies YTD |
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| Week 26 Winner and Tally | Bull | 3-0 | Win |
| June Winner and Tally | Bull | 2-1 | Mixed Win |
| Weeks | Months | YTD | |
| The Stock Market Bull | 12 | 3 | Ahead |
| The Stock Market Bear | 8 | 0 | |
| Mixed Result | 6 | 3 | |
| Totals | 26 | 6 | |
The US Stock Market Week 26 Summary:
On Monday The Stock Market Bear had a strong day on the DJIA, but The Stock Market Bull aggressively countered with record closes on the NASDAQ and S&P500. The Stock Market Bull then continued to dominate the whole week, finishing it with an amazing trifecta of record closes in all three major US stock indices. The DJIA came from quite a ways back to establish the new record, previously set on 05/07/21. Friday was the third record close for the NASDAQ for the week, and the seventh in a row over the past two weeks for the S&P500. The Stock Market Bull notches a big 3-0 win in Week 26.
- Good economic news was the primary driver for The Stock Market Bull‘s outstanding week.
- Consumer and business surveys indicated optimism as the COVID-19 pandemic starts to fade away.
- Home prices continue to rise and the FreddieMac average 30 year home fixed mortgage rate fell to 2.98%.
- The jobs reports were big drivers with ADP reporting +692,000 new jobs in the private sector, the US Dept of Labor said the US economy added 850,000 jobs in June, and reported that weekly initial jobless claims fell to 364,000 and is very near pre-pandemic levels.
- Another driver was some cautious optimism that President Biden’s infrastructure development plan, modified greatly from its initial proposal, has a chance for bipartisan support.
- The first half of 2021 ends on a positive note with encouraging signs that it might continue in the second half as well.
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