Shesa's MAY 2015 INVESTMENT BLOG
17 May 2015 MAY 2015 Investment Blog Shesa Nayak U.S. Stock Market Commentary Hello friends. Welcome to my monthly investment blog. Let’s take a quick look to the U.S. Stock Market Indexes. The DOW Jones Industrial closed last Friday at 18,272.56 , S&P 500 closed at 2122.73 and NASDAQ closed at 5048.29 points . S&P 500 again closed with a record high but marginally. There were some pullback in the stock market but it bounced back again. Now that earnings season is over I think there could be some pullback in the stock market. However, I would anticipate no major correction until July-Sept timeframe. Important Economy News On Sunday, 5/10, The People's Bank of China announced a cut in its benchmark lending rate and one-year deposit rates by 25 basis points , effective on May 11. This is the third time in six months China cut interest rate ...