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Uncertainty Lingers Following the U.K.’s Election

The fact that U.S. equities fell only slightly last week might be considered something of a victory. With a high-profile congressional testimony, elections in the U.K. and France, and a wobble in technology stocks to end the week, equities might have been expected to suffer a steeper bout of profit taking than just the few index points they did. But, as it turned out, the congressional testimony produced no smoking gun and resolved little in the ongoing Russia investigation. However, the technology heavy Nasdaq Composite was less fortunate than the broader averages, suffering a 1.6 percent decline on the heels of a sharp Friday selloff. Investors will be watching to see if the one-day downturn stabilizes, or is an indication of something more insidious in the very sector that has powered much of the broader market’s gains this year.


Could Slow Economic Growth Mean Good News for Markets?

If investors have put their expectations for meaningful policy support from Washington on indefinite hold, it seems that it matters little, as stocks climbed to another new high last week. The S&P 500 closed at 2439, and is now higher on the year by 9 percent. The index itself was higher by 1 percent for the week, but of the nine sectors that were up, only one rose less than the overall index. That was real estate, which still added 0.8 percent as measured by the RWR ETF.

Ameriprise Financial Chairman and Chief Executive Officer to Present at the Morgan Stanley Financials Conference

Ameriprise Financial, Inc. (NYSE: AMP) today announced that Jim Cracchiolo, chairman and chief executive officer, is scheduled to speak about the company’s business and strategy at the Morgan Stanley Financials Conference in New York City on Wednesday, June 14, 2017 at approximately 2:30 p.m. (ET).

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Latest Research

Keys to a successful financial relationship for couples

Money is a common topic that can cause disagreements between couples. A new Ameriprise study reveals strategies to help you improve your financial relationship with your partner or spouse.