Craig Johnson’s

Stock Market Summary

Monday, May 15, 2017

  • The Nasdaq Composite was the only major stock market index to gain last week. The Nasdaq Composite’s advance extended its streak of consecutive weeks higher to four.
  • The Dow Jones Industrial Average, S&P 500 and Russell 2000 were all lower for the week. The Russell 2000 recorded the largest decline of the major market indices.
  • It is interesting to note even though the Russell 2000 Index has been the laggard amongst the various major market indices it stands less than 3.5% from its all-time high, recorded just three weeks ago. This is a good indication of how strong the stock market has been this year.
  • Providing much of that strength has been leadership stocks such as Alibaba, Amazon, Apple, Broadcom, Facebook, Google, Microsoft, Netflix, Priceline, and Tesla.
  • Technology was the largest sector gainer last week. Strength in internet-related stocks, especially semiconductors, has driven gains in this sector all year.
  • The Basic Materials area was the worst performing sector last week. Other weak sectors included Financials, REITs and Industrials.
  • Earnings season is beginning to wind down with nearly 91% of the S&P 500 components already reporting. This week there will still be some big name reports coming from Home Depot, TJX, Cisco Systems, L Brands, Alibaba, Wal-Mart and Salesforce.
  • The stock market’s short, intermediate and long term trends are higher.

Sources:,,, Dow Jones News, Financial Times,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, and individual company web sites and press releases.
Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice.  The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness.  References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service.  Past performance is not a guarantee of future results.