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: the Children of Fallen Patriots Foundation, the Special Operations Medical Association, and the Special Operators Transition Foundation. Children of Fallen Patriots provides college scholarships and educational counseling to …
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Confirmation from the Federal Reserve that the economy has reached a level improvement that allows a reduction in COVID-era policy accommodation rallied the S&P 500 Index to all-time highs last week. The S&P 500 finished the week +2.0%, the Dow was +1.4% and the NASDAQ was +3.2%. The U.S. 10-year Treasury bond yield decreased …
All four weeks in October were positive in the equity markets. This past week, the S&P 500 was +1.3%, the Dow was +0.4% and the NASDAQ was +3.2%. Oil snapped its multi-week rally, finishing down 0.2%. The U.S. 10-year Treasury bond yield decreased to 1.554% at Friday’s close versus 1.653% the previous week. Current …
Corporate earnings led the market again last week. Of the 117 companies in the S&P 500 Index that have reported earnings for the quarter, 83.8% have reported earnings above consensus estimates. The S&P 500 was +1.7%, the Dow was +1.1% and the NASDAQ was +1.4%. Oil continued its multi-week rally, +1.8%. The U.S. 10-year …
A good set of corporate earnings reports and economic data rallied the equity markets in the second half of the week. The S&P 500 was +1.8%, the Dow was +1.6% and the NASDAQ was +2.2%. Oil continued its multi-week rally, +3.7%. The U.S. 10-year Treasury bond yield decreased to 1.574% at Friday’s close versus …
The announcement of an agreement to temporarily increase the U.S. debt ceiling helped markets recover toward week’s end, then a lackluster employment report pushed markets down on Friday. The S&P 500 was +0.8%, the Dow was +1.3% and the NASDAQ was +0.2%. Oil was again the winner for the week, closing +4.6%. The U.S. …
Anxiety in Washington over the debt ceiling and spending bills sent the equity markets lower last week. The U.S. government looks to avert a shutdown as a continuing resolution was passed to fund the government through December 3rd. Meanwhile the wrangling continues over the debt ceiling, infrastructure, and budget bills. The S&P 500 was …
Equity markets dropped last Monday on China credit concerns, then rallied back with help of a steady hand from the Federal Reserve at the FOMC meeting midweek. The S&P 500 was +0.5%, the Dow was +0.6%, and the NASDAQ was flat. Oil continued its recent climb. The U.S. 10-year Treasury bond yield increased to …
The equity markets continued their slow downward move last week. The S&P 500 Index closed the week –0.5%, the NASDAQ –0.7% and the Dow was flat. Small capitalization stocks and oil bucked the trend. The U.S. 10-year Treasury bond yield increased to 1.363% at Friday’s close versus 1.343% the previous week. Nine companies in …
The equity markets had a slow leak over the short, four-day trading week last week. The S&P 500 Index closed the week –1.7%, the NASDAQ –1.4% and the Dow –2.1%. The U.S. 10-year Treasury bond yield increased to 1.343% at Friday’s close versus 1.326% the previous week. With second quarter earnings reporting complete, the …
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