The eight-year rise in the stock market continued during the first six months of 2017 amid qualified optimism from market strategists.
Although stock indexes generally were down in the first week of July, most commentators were buoyed by modest growth of the U.S. economy, employment growth and growth in Europe and other developed economies that have long lagged the United States.
“We are still positive on the U.S. equity market,” said Lisa Kopp, senior vice president and head of investments at U.S. Bancorp Wealth Management. “We’ve got solid U.S. consumer confidence. The economy is clicking along. And now we’ve got non-U. S. economic growth, which is good for U.S. businesses that do business overseas.