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U.S. stocks rose for the sixth straight month in September, ending near all-time highs and helping the benchmark index post the biggest quarterly gain (7.2%) in five years. Strong earnings growth and a range of positive economic data in the U.S. helped investors tune out political risk. This fueled the outperformance of domestic stocks over […]
Boston Federal Reserve’s President said he backs the U.S. central bank’s strategy of hiking Fed Funds rates gradually to head off a problem later on, excess inflation. In a recent speech in Boston, Eric Rosengren said that he expects the nation’s low unemployment rate to fall even further, creating the “risk of rising inflation or increasing financial stability […]
Welch & Forbes is proud to announce our support as a benefactor for the New England Historic Genealogical Society’s Fall Family History Benefit Dinner honoring Pulitzer Prize-winning historian and author David Hackett Fischer taking place at the Four Seasons Hotel on Thursday, October 25, 2018. The 5:30pm patron reception, prior to the 6:00pm general reception, is planned to honor President General of the […]
We are pleased to announce Daniel R. Gorman has joined Welch & Forbes LLC as a Portfolio Manager. Dan has 14 years of experience in the investment industry. Prior to joining Welch & Forbes in 2018, he was Director and Portfolio Manager for Thomas Partners Inc. Previously, he was a Portfolio Manager in the High Net Worth […]
The major U.S. stock indexes advanced in August. The Dow Jones Industrial Average increased by 2.2%, the S&P 500 was up 3.1% and the Nasdaq Composite advanced 5.7%. The bull market became one of the longest on record. The S&P 500 marked 3,462 days since the March 9, 2009 low through the end of August. The […]
Economic data continue to surprise to the upside. The Institute for Supply Management (ISM) reported economic activity in the manufacturing sector expanded in August while the overall economy grew for the 112th consecutive month. The August survey reported business conditions surged to a 14-year high with the index rising to 61.3% from 58.1% in July. […]
The major U.S. stock indexes were strong in July. The Dow Jones Industrial Average increased by 4.71%, the S&P 500 was up 3.60% and the Nasdaq Composite advanced 2.15%. The U.S. Dollar Index was virtually flat in July. The Index is used to measure the value of the U.S. dollar versus six major foreign currencies. A […]
The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.5% in June to 109.8 (2016 = 100), following no change in May, and a 0.4% increase in April. This increased reading suggests continuing solid growth for the U.S. economy for at least the next six months. Growth among the leading indicators was widespread, […]
Welch & Forbes is honored to announce our support as Advocate for The MacDowell Colony’s 2018 Medal Day on Sunday, August 12. This event is their largest public event, free and open to the public thanks to the generosity of Medal Day sponsors and donors. It includes the medal ceremony, a picnic on the grounds, and open studios with artists-in-residence. The MacDowell Colony […]
Welch & Forbes wishes you and your family a happy summer. We are excited to support and attend the annual Boston Pops on Nantucket Concert emanating from Jetties Beach on Saturday, August 11. A signature event every year, the Nantucket Cottage Hospital characterizes the event online as follows: For more than 20 years, the Boston Pops on Nantucket […]