As always, it’s been a busy week in the stock market. This week was ruled by investors waiting to see what the Fed was going to do about inflation, along with news in the technology sector. Overall, the Dow rose 5.17 points to 23,930.15, wiping out an earlier slide of 393 points.

The rally Friday morning was lead by Apple and other tech stocks, especially the news that Warren Buffet, purchased 75 million more shares of Apple Inc. which boosted his holdings in the company. He now owns about 240 million shares.

Tesla faced some serious blowback following its earnings call this week. CEO Elon Musk shot back at analysts following the call for asking some tough questions. According to Musk, the analysts were “trying to justify their Tesla short thesis” and were ultimately working against the best interests of investors. Following the call, Tesla shares had their biggest drop in more than a month. Telsa fell 5.6% closing Thursday at $284.45 but was back up Friday. The analysts that upset Musk have $265 and $280 as price targets for the company.

In other news, the Labor Department released April Job numbers, which were less impressive than expected. The unemployment rate following the April jobs report is 3.9 percent, nearly a 17 ½ – year low. The worry for investors is the wage growth of only 0.1 percent, which is significantly below estimates and only adds to inflation concerns.

Investors are still keeping a close eye on China as the United States continues to negotiate a trade deal. The two countries just held meetings in Bejing, China and announced they had reached a consensus on some of the most important aspects of a deal, although there were still some major sticking points to smooth out.

Overall, although the market is up, it’s on somewhat shaky ground. There is simply too much up in the air with trade deals, inflation, and the Fed for investors to feel really comfortable. JJ Kinahan, chief strategist at TD Ameritrade summed it up nicely for MarketWatch:

“The primary thing missing from the market right now is something to spur us higher. There’s no great catalyst, and if strong earnings reports aren’t enough to do it, what would be? That’s why everyone is closer to the sell button than the buy button. The economy is performing well, but there’s so much uncertainty that there’s no conviction to hold one sector over another. No one has conviction in their buying, which has an impact on confidence overall.”

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