Earlier last month we mentioned March had come in like a lion. Then came the banking crisis. As the crisis began to resolve, investor confidence returned and March went out like a lion. The S&P 500 Index ended the last week of March +3.5%, the Dow was +3.2%, and the NASDAQ was +3.3%. The …
Calming Effect
The equity markets rose last week as some stability returned to the banking system and the Federal Reserve signaled it was nearing the final increases in its monetary policy tightening cycle. The S&P 500 Index ended the week +1.4%, the Dow was +1.2%, and the NASDAQ was +2.0%. The 10-year U.S. Treasury note yield …
Balancing Act
The equity markets had a volatile week as risk appetite fluctuated with developments in the banking sector. The S&P 500 Index end the week +1.5%, the Dow was -0.1%, and the NASDAQ was +5.8%. The 10-year U.S. Treasury note yield decreased to 3.423% at Friday’s close versus 3.699% the previous week. The Federal Open …
Savings Time
The equity markets fell sharply at the end of last week prompted by stability concerns in the banking sector after the closure of Silicon Valley Bank. The S&P 500 Index ended the week -4.5%, the Dow was -4.3%, and the NASDAQ was -3.7%. The 10-year U.S. Treasury note yield decreased to 3.695% at Friday’s …
In like a Lion
The equity markets have gotten off to a good start for March. Last week, the S&P 500 Index was +2.0%, the Dow was +1.9%, and the NASDAQ was +2.7%. The 10-year U.S. Treasury note yield increased to 3.963% at Friday’s close versus 3.949% the previous week. Comments from Federal Reserve officials that the Federal …
Shiver
The equity markets have gone cold in February with the S&P 500 Index declining for three consecutive weeks. Last week, the S&P 500 Index was -2.7%, the Dow was -3.0%, and the NASDAQ was -3.1%. The 10-year U.S. Treasury note yield increased to 3.949% at Friday’s close versus 3.828% the previous week. The January …
Inflation Ain’t Dead Yet
Higher than expected inflation reports struck a cautionary tone in equities last week. The S&P 500 Index was -0.2%, the Dow was flat, and the NASDAQ was +0.5%. The 10-year U.S. Treasury note yield increased to 3.828% at Friday’s close versus 3.743% the previous week. The January Consumer Price Index (CPI) and Producer Price …
Investors can be Fickle
Investors did not show stocks much love last week as the market retreated after a strong start to the year. The S&P 500 Index was -1.1%, the Dow was -0.1%, and the NASDAQ was -2.1%. The 10-year U.S. Treasury note yield increased to 3.743% at Friday’s close versus 3.532% the previous week. Last week …
Gobs of Jobs
The Federal Open Market Committee’s (FOMC) decision to slow the pace of rate increases to 0.25% increments gave markets an optimistic boost mid-week, but the gains were tempered on Friday when the January employment report showed a still hot job market. For the week, the S&P 500 Index was +1.6%, the Dow was -0.2%, …
Downshift
After a dismal 2022, stocks have staged a comeback so far in early 2023. This past week, the S&P 500 Index was +2.5%, the Dow was +1.8%, and the NASDAQ was +4.7%. The 10-year U.S. Treasury note yield increased to 3.518% at Friday’s close versus 3.484% the previous week. The significant event for the …