Bouncing Back

May 13, 2024

  Stocks advanced in a week with little major data to sway sentiment. For the week, the S&P 500 Index was +1.9%, the Dow was +2.2%, and the NASDAQ was +1.5%. Within the S&P 500 Index, the Utility, Financial, and Materials sectors led the advance, while the Consumer Discretionary, Energy, and Technology sectors lagged. The …

Cool Jobs

May 6, 2024

  A steady Federal Reserve and a moderating labor market helped stocks rise for a second consecutive week. For the week, the S&P 500 Index was +0.6%, the Dow was +1.1%, and the NASDAQ was +1.0%. Within the S&P 500 Index, the Utility, Real Estate, and Technology sectors led the advance, while the Energy, Financials, …

Fundamental Victory

April 29, 2024

  Stocks snapped their three-week losing streak on several strong earnings reports. For the week, the S&P 500 Index was +2.7%, the Dow was +0.7%, and the NASDAQ was +4.0%. Within the S&P 500 Index, the Technology, Consumer Discretionary, and Industrial sectors led the advance, while the Materials, Health Care, and Communication Services sectors trailed. …

April Showers

April 22, 2024

  Stocks continued their decline for the third consecutive week. For the week, the S&P 500 Index was -3.0%, the Dow was flat, and the NASDAQ was -5.4%. Within the S&P 500 Index, the Utility, Consumer Staples, and Financial sectors had gains for the week, while the Technology, Consumer Discretionary, and Real Estate sectors had …

Pricey Persistence

April 15, 2024

  Stocks declined for a second consecutive week on concerns inflation is not receding. For the week, the S&P 500 Index was -1.5%, the Dow was -2.4%, and the NASDAQ was -0.6%. All eleven S&P 500 sectors declined with the Technology, Consumer Discretionary, and Consumer Staples sectors declining the least, and the Financials, Materials, and …

Eclipsed

April 8, 2024

  Stocks were eclipsed by strong economic data to start the second quarter. For the week, the S&P 500 Index was -0.9%, the Dow was -2.2%, and the NASDAQ was -0.8%. The best performing sectors in the S&P 500 Index were the Energy, Communication Services, and Materials sectors, while the Health Care, Real Estate, and …

Shiny Quarter

April 1, 2024

  Stocks closed out a strong first quarter of the year with moderate gains during a holiday shortened week. For the week, the S&P 500 Index was +0.4%, the Dow was +0.8%, and the NASDAQ was -0.3%. The best performing sectors in the S&P 500 Index were the Utility, Real Estate, and Materials sectors, while …

Steady Feddy

March 25, 2024

  Stocks continued their uptrend last week after the Federal Reserve held interest rates steady. For the week, the S&P 500 Index was +2.3%, the Dow was +2.0%, and the NASDAQ was +3.0%. The best performing sectors in the S&P 500 Index were the Communication Services, Consumer Discretionary, and Industrial sectors, while the Real Estate, …

Stubborn

March 18, 2024

  Stubborn inflation data kept stocks muted last week. For the week, the S&P 500 Index was -0.1%, the Dow was flat, and the NASDAQ was -1.2%. The best performing sectors in the S&P 500 Index were the Energy, Materials, and Consumer Staples sectors, while the Real Estate, Consumer Discretionary, and Technology sectors lagged. The …