US markets closed mostly higher; S&P 500 at new record high

07 May 2013 Evaluate

The US markets closed mostly higher on Monday, continuing the S&P 500 index’s record run above 1,600 after the April jobs report exceeded expectations. However, in a possible threat to the nascent housing recovery, banks remain unwilling to loosen mortgage standards, a new survey of officers released by the Federal Reserve showed. In the latest senior loan survey, only a few American banks reported that they eased standards on prime residential mortgages over the past three months. A large majority of the loan officers voiced concern that the risk-adjusted profitability of the residential mortgage business relative to other possible uses of funds was an important factor restraining residential real estate loans. Last fall, Federal Reserve Chairman Ben Bernanke stated that mortgage lending standards appeared to be overly tight. Bernanke added that the surveys showed that lenders began tightening mortgage credit standards in 2007 and have not eased standards significantly since.

In Europe, the ECB President Mario Draghi departed from a prepared speech to reiterate the central bank’s readiness to cut interest rates again if the euro zone economy deteriorates further. Draghi stated that the ECB would monitor incoming data closely and would be ready to cut rates further, including the deposit rate currently at zero. Draghi told euro zone government they have to keep control of their spending, and particularly the countries with lots of debt must push on with budget reforms. Along with underlining the positive impact of expansion policies, Draghi added that there can be no prospect of sustainable growth without sound public finances.

The Dow Jones Industrial Average lost 5.07 points or 0.03 percent at 14,968.90, the S&P 500 gained 3.08 points or 0.19 percent to 1,617.50 and the Nasdaq jumped 14.34 points or 0.42 percent to 3,392.97.

Indian ADRs closed mostly in red on Monday, Dr. Reddy’s Lab was down 0.44%, Infosys was down by 0.19% and Tata Communications was down 0.06%. On the flip side, ICICI Bank was up 1.31% and Tata Motors was up by 0.49%.

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.