Stocks got back in the winning column after steep losses the previous week.
A combination of profit-taking and concerns about higher inflation, interest rates and tariffs pushed stocks lower for the week.
Greenwich-based Wright Investors’ Service has a new home.
U.S. stocks headed into the Labor Day weekend on an up note, with all of the major equity indexes strongly positive for August.
U.S. stocks rose Friday, lifting the S&P 500 to its first record close since January 26, as Federal Reserve Chair Jerome Powell laid out a fairly benign strategy of monetary tightening but not enough to throw the economy off kilter.
U.S. stocks ended the week mixed for the second week in a row although this time blue chips had the edge over tech stocks.
Greenwich, Connecticut, August 15, 2018 – Wright Investors’ Service, Inc. announced today that the Wright Large Cap Core Equity strategy has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers. Wright Large Cap Core Equity received 2-Star rating for the period ended June 30, 2018.