The S&P 500 closed lower by 0.3% at 3,110.29, down from 3,120.46 last week. This marked the first weekly decline in seven weeks, as concern over the trade situation between the US and China emerged and sent stocks lower. The materials sector declined 1.7% week-to-week, while real estate lost 1.2%. The technology, industrials and consumer discretionary sectors each fell 0.8%. Energy declined 0.5%, communications services lost 0.4% and consumer staples fell 0.2%. The healthcare sector had the largest percentage increase of the week, up 0.8%, followed by a 0.5% advance for financials. Utilities increased by 0.2%. Friday’s Activity US Stocks Rebound on Friday Wall Street closed modestly in the green on Friday after President Trump told Fox News he was “very close” to a trade deal with China. Meanwhile, Chinese President Xi Jinping said Beijing wants to work a trade deal with the US but is not afraid to “fight back.” On the macro side, consumer sentiment for November came a...

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Stock Market Update - Week Ended November 15, 2019 The S&P 500 closed at 3120.46, up 0.9% this week, to another record high closing. This marks the sixth consecutive weekly gain for the index, which is now up 24% year-to-date.  The health-care sector was up 2.4% on the week, followed by real estate up 1.9% and utilities up 1.5%. The energy sector fell 1.3% on the week, while financials declined 0.3% and consumer discretionary declined 0.2%. Investors remain hopeful for a US-China trade deal. Better-than-expected earnings reports and economic data also boosted investor confidence. Website: bullvalleyadvisors.com