US markets closed slightly higher on Tuesday

10 Aug 2016 Evaluate

The US markets closed higher on Tuesday, shrugging off a weaker-than-expected report on US productivity. The thirst for yield-rich assets continued to support demand for stocks, despite falling corporate earnings and unsteady economic fundamentals. The next big event for the central bank will be Chairwoman Janet Yellen’s appearance at the Jackson Hole conference on August 26. On the economy front, a measure of small-business sentiment rose in July, continuing a winning streak that began after it touched a two-year low. The National Federation of Independent Business optimism index rose 0.1 point to 94.6, better than the flat reading expected. But the index is still well below the 42-year average of 98. In July, four of 10 index sub-gauges rose, four declined, and two were unchanged. Wholesale inventories rose a revised 0.3% in June, up from an initial estimate of no change. Inventories in May were also revised higher, to a 0.2% gain from the previous estimate of a 0.1% gain. The data suggest that inventories might not be as big a drag on second quarter growth as initially estimated. Including the wholesale data for June, the initial second quarter GDP report showed a severe inventory correction that helped hold growth to a 1.2% annual rate. In June, inventories of durable goods, such as autos and machinery, fell 0.3%. Meanwhile, inventories of nondurable goods rose 1.1%.

On other hand, productivity, a sore spot for the US economy over the past few years, has now declined in three straight quarters. Productivity in the second quarter unexpectedly fell 0.5%, well below expectations. Productivity is down 0.4% from a year earlier, the first year-over-year decline since the second quarter of 2013. Output of goods and services increased at a 1.2% clip in the second quarter. Hours worked rose 1.8%. The average annual rate of productivity growth from 2007 to 2015 has sunk to 1.3%, well below the long-term rate of 2.2% per year from 1947 to 2014.

The Dow Jones Industrial Average added 3.76 points or 0.02 percent to 18,533.05, Nasdaq gained 12.34 points or 0.24 percent to 5,225.48, while S&P 500 was up 0.85 points or 0.04 percent to 2,181.74.

The Indian ADRs closed mixed; HDFC Bank was up 0.12%, Infosys was up 0.09% and ICICI Bank was up 0.01%. On the other hand, Dr. Reddy’s Lab was down 0.84% and Tata Motors was down 0.14%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.