Last week ended without a debt ceiling deal, but negotiations over the weekend finally yielded an agreement between the parties. The S&P 500 Index ended the week +0.3%, the Dow was -1.0%, and the NASDAQ was +3.0%. The 10-year U.S. Treasury note yield increased to 3.820% at Friday’s close versus 3.692% the previous week. …
NovaPoint would like to show our respect for those who have made the ultimate sacrifice in defense of our freedom. In their honor, we are making donations today to two Veterans Service Organizations: the Children of Fallen Patriots Foundation and the Special Operations Medical Association. Children of Fallen Patriots provides college scholarships and educational …
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Markets ebbed and flowed with the progress of debt talks last week. S&P 500 Index ended the week +1.5%, the Dow was +0.5%, and the NASDAQ was +3.5%. The 10-year U.S. Treasury note yield increased to 3.692% at Friday’s close versus 3.463% the previous week. House Speaker Kevin McCarthy is expected to meet with …
The S&P 500 Index ended the week -0.2%, the Dow was -1.0%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield increased to 3.463% at Friday’s close versus 3.446% the previous week. Debt ceiling discussions continue, and some optimism has been expressed by the White House that a deal can be reached. …
The S&P 500 Index ended the week -2.6%, the Dow was -1.2%, and the NASDAQ was +0.1%. The 10-year U.S. Treasury note yield decreased to 3.446% at Friday’s close versus 3.452% the previous week. As expected, the Federal Reserve raised the Fed funds rate by 0.25% to a 5.00% to 5.25% range. It left …
The S&P 500 Index ended the week +0.9%, the Dow was +0.9%, and the NASDAQ was +1.9%. The 10-year U.S. Treasury note yield decreased to 3.452% at Friday’s close versus 3.572% the previous week. Regulators closed First Republic Bank over the weekend and sold all of its deposits and most of its assets to …
Despite the rush of individual company earnings reports, the equity markets stayed nearly flat for the week. The S&P 500 Index ended the week -0.1%, the Dow was -0.2%, and the NASDAQ was -0.6%. The 10-year U.S. Treasury note yield increased to 3.572% at Friday’s close versus 3.552% the previous week. First quarter earnings …
On Wednesday, April 26th, NovaPoint’s president, Alan Conner, will be speaking at the Markets Group 8th Annual Private Wealth Southeast Forum in Atlanta. Alan will join a panel of fellow fixed income experts to discuss “Investment Opportunities in the Fixed Income Markets”. The Private Wealth Southeast Forum is the leading conference for RIAs, family …
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The first quarter earnings season is underway. Several of the large banks reported at the end of last week. This week we will hear from a larger and more diversified group of companies. This should keep the focus on individual company fundamentals for the next few weeks leading up to the next Federal Open …
April is off to a modest start in the equity markets. The S&P 500 Index ended the holiday shortened week -0.1%, the Dow was +0.7%, and the NASDAQ was -0.9%. The 10-year U.S. Treasury note yield decreased to 3.383% at Friday’s close versus 3.490% the previous week. The March employment report showed 236,000 new …
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