Market Review and Trends
The Weekly Report For July 22, 2013 – July 26, 2013
By Marubozu  •  July 29, 2013
Commentary

The major U.S. indices moved largely lower this week, amid mixed earnings and concerns abroad. While many members of the S&P 500 beat analyst estimates this quarter, investors are concerned that the growth isn’t enough to justify the market’s recent rally. China’s plans to overhaul its industry has also led to concerns that the world’s second largest economy could slow down even further, dragging down global growth with it.

International indices moved lower this week on many of the same concerns, with Japan’s Nikkei 225 falling 3.15%, Britain’s FTSE 100 dropping 1.07%, and Germany’s DAX 30 declining 1.11%, as of early trading on Friday morning. While the eurozone saw some positive economic data earlier this week, the IMF called for additional action to be taken to resolve many of the problems and ultimate restore growth in the region.

 
SPDR S&P 500 (NYSE:SPY)
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By Marubozu
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