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 …
A well below forecast employment report may allow the Federal Reserve to be judicious when it decides to start tapering monthly bond purchases. The August employment report showed an increase of only 235,000 net new jobs versus expectations of 725,000 to 750,000 jobs. The S&P 500 Index closed the week +0.6%, the NASDAQ +1.4% …
The greatly anticipated speech from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium on Friday appeared to have a calming and positive impact on markets. He reiterated the comments of several Fed officials who said that economic conditions have improved, and the Fed can begin tapering its monthly bond purchases some time …
A geopolitical crisis in Afghanistan and hints from the Federal Reserve that it could soon begin tapering monthly bond purchases combined to lead the equity markets to a negative week. The S&P 500 Index closed the week –0.5%, the NASDAQ –0.3% and the Dow –1.0%. The U.S. 10-year Treasury bond yield decreased to 1.260% …
While inflation sparked by the rapid economic rebound is still elevated, the recent Consumer Price Index (CPI) and Producer Price Index (PPI) reports may suggest the surge is losing some steam. We are not out of the woods yet, but the concern of runaway inflation may be overdone. The S&P 500 Index closed the …
Equity markets advanced last week. There was a significant amount of jawboning regarding an end to the Fed’s monthly bond buying programs and 10-year Treasury bond yields increased following a strong July employment report. The S&P 500 Index closed the week +1.0%, the NASDAQ +1.0% and the Dow +0.8%. The U.S. 10-year Treasury bond …
Large cap equities closed lower last week. Despite a large increase in year-over-year earnings for most companies, growth concerns seeped in for some of the large cap tech companies. The S&P 500 Index closed the week –0.4%, the NASDAQ -1.0% and the Dow –0.4%. The U.S. 10-year Treasury bond yield decreased to 1.23% at …
The market succumbed to COVID Delta variant fears last Monday, then snapped back to a record close by week’s end. All major averages closed higher for the week with the S&P 500 Index +2.0%, the NASDAQ +2.9% and the Dow +1.1%. The U.S. 10-year Treasury bond yield decreased to 1.28% at Friday’s close versus …
Despite good earnings from the major banks and some other companies in the first week of second quarter earnings reporting, the market averages struggled in the back half of the week. Continued presence of inflationary pressures and unknown potential impact of the COVID Delta variant led investor concerns. The S&P 500 Index closed the …
Thursday’s market decline was met with a rally on Friday. The S&P 500 has been positive eight out of the past 10 sessions. The S&P 500 Index closed the week +0.4%, the NASDAQ +0.7% and the Dow +0.3%. The U.S. 10-year Treasury bond yield decreased to 1.361% at Friday’s close versus 1.431% the previous …
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