US markets closed mostly higher; Nasdaq reports minor loss

27 Oct 2017 Evaluate

The US markets closed mostly higher on Thursday, as a fusillade of better-than-expected corporate results helped to reinvigorate Wall Street buying appetite a day after the S&P 500 and the Dow posted their biggest drops in more than seven weeks. Nasdaq was buffeted by weakness in the biotechnology sector, which weighed on the overall health-care group. The House of Representatives also passed a budget blueprint, paving the way for the Senate to eventually pass a tax-reform package by a simple majority. The Atlanta Federal Reserve’s GDPNow forecast model showed that the US economy is on track to grow at a 2.5 percent annualized pace in the third quarter based on the advance readings on domestic inventories in September. The latest estimate for third-quarter gross domestic product growth was slower than the 2.7 percent growth rate calculated.

On the economy front, an early look at trade patterns in September showed a 1.3% widening in the US goods deficit - to $64.1 billion from $63.3 billion. Also, the government’s advanced report on retail inventories found a 1% decrease in September. Wholesale inventories rose 0.3%. Both imports and exports rose in September, but imports rose at a faster pace. Imports rose $1.7 billion to $193.7 billion, while exports rose $900 million to $129.6 billion. Capital-goods and industrial supplies imports each rose over 2%. Bad news for automakers: vehicle imports fell 2%, and vehicle exports tumbled 6%. Initial jobless claims, a proxy for US layoffs, rose by 10,000 to 233,000 in the week ended October 21. Jobless claims rose slightly a week after dropping to a 44-year bottom, but layoffs are still near the lowest level since the early 1970s. The more stable monthly average of claims fell by 9,000 to 239,500. That’s the lowest since late August. The number of people already collecting unemployment benefits, known as continuing claims, fell by 3,000 to 1.89 million. The number of continuing claims, for instance, was the smallest since December 1973.

Meanwhile, Americans signed fewer contracts to buy homes in September. The pending-home sales index from the National Association of Realtors stood at 106, unchanged from a downwardly-revised August figure. In September, three of the four regions saw increases: pending sales in the Northeast were up 1.2%, while in the Midwest, they were up 1.4% and in the West, they rose 1.9%. In the South, however, pending sales fell 2.3%. But contract signings were lower compared to a year ago in all four regions.

The Dow Jones Industrial Average added 71.4 points or 0.31 percent to 23,400.86, the S&P 500 edged higher by 3.25 points or 0.13 percent to 2,560.40, while the Nasdaq dropped 7.12 points or 0.11 percent to 6,556.77.

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.