With 24 stock market trading days left for the year, we are in the homestretch for what has been a dismal 2022. This past week, equity markets gained during the Thanksgiving holiday shortened week. The S&P 500 was +1.6%, the Dow was +1.8%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield …
Equity markets consolidated last week after a large advance the week prior. The S&P 500 was -0.6%, the Dow was +0.1%, and the NASDAQ was -1.1%. The 10-year U.S. Treasury note yield decreased to 3.818% at Friday’s close versus 3.893% the previous week. Following on the heels of the October Consumer Price Index (CPI) …
Better than expected Consumer Price Index data let pent up animal spirits run wild last Thursday and Friday. Stocks advanced sharply for the week with the S&P 500 +5.9%, the Dow was +4.2%, and the NASDAQ was +8.9%. The 10-year U.S. Treasury note yield decreased to 3.893% at Thursday’s close versus 4.158% the previous …
NovaPoint Capital would like to show our respect and appreciation for our nation’s veterans. In their honor, we are making donations to three Veterans Service Organizations: Children of Fallen Patriots Foundation, Special Operations Medical Association, and Wreaths Across America. Children of Fallen Patriots provides college scholarships and educational counseling to military children who have …
Continue reading “NovaPoint Supports Veterans Service Organizations”
Stocks declined last week as the Federal Reserve did not indicate it was ready to cease its interest rate increase cycle. For the week, the S&P 500 was -3.3%, the Dow was -1.4%, and the NASDAQ was -5.9%. The 10-year U.S. Treasury note yield increased to 4.158% at Friday’s close versus 4.010% the previous …
Stocks have tried to come back from the dead, rallying for a second consecutive week and are on track to turn in a strong month for October. For the week, the S&P 500 was +4.0%, the Dow was +5.7%, and the NASDAQ was +2.1%. The 10-year U.S. Treasury note yield decreased to 4.010% at …
Stocks rallied on a combination of good earnings results and hope that the Fed would soon slow the pace of interest rate increases. The S&P 500 was +4.8%, the Dow was +4.9%, and the NASDAQ was +5.8%. The 10-year U.S. Treasury note yield increased to 4.212% at Friday’s close versus 4.006% the previous week. …
On Thursday, October 20th, NovaPoint’s chief investment officer, Joseph Sroka, will be speaking at the Markets Group’s 9th Annual Southeast Institutional Forum in Atlanta. Joe will join a panel of fellow investment professionals to discuss “Opportunities in Equities: Navigating a Dynamic Market”. The 9th Annual Southeast Institutional Forum is the region’s leading conference …
Continue reading “Joseph Sroka speaking at Southeast Institutional Forum – October 20th”
Stocks rallied on Thursday despite higher-than-expected Consumer Price Index (CPI) data, then fell back on Friday for a mixed finish to the week. The S&P 500 was -1.5%, the Dow was +1.2%, and the NASDAQ was -3.1%. The 10-year U.S. Treasury note yield increased to 4.006% at Friday’s close versus 3.885% the previous week. …
The equity market rebounded strongly at the start of last week but declined sharply on Friday following a stronger employment report. Despite Friday’s decline, the major markets held on to gains for the week. The S&P 500 was +1.6%, the Dow was +2.0%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield …
404.445.7885
