Equity markets closed higher for the week with the S&P 500 Index +1.7%, the NASDAQ +2.7% and the Dow +1.1%. The U.S. 10-year Treasury bond yield decreased to 1.431% at Friday’s close versus 1.524% the previous week. The June employment report was the major news story ahead of the Independence Day holiday weekend. The …
Heading into the end of the first half of the year, all three major equity market averages have so far posted double-digit returns with the S&P 500 Index +14.8%, the NASDAQ +11.7% and the Dow +13.6%. The PCE Price Index for May was +0.4% month-over-month and 3.9% year-over-year. Energy prices were 27.4% higher year-over-year …
The Federal Reserve increased its outlook for U.S. economic growth but maintained its narrative that current inflationary pressures are likely to be transitory as the early part of the post-COVID economic recovery moderates to longer-term sustainable growth. The Dow Jones Industrial Average closed the week –3.4% and the S&P 500 Index was –1.9%. The …
Despite continued inflation pressures seen in the May Consumer Price Index (CPI) report, the markets rallied into week’s end. The Dow Jones Industrial Average closed the week –0.8%%, but the S&P 500 Index was +0.4%, and the NASDAQ 100 Index was +1.7%. The U.S. 10-year Treasury bond yield decreased to 1.462% at Friday’s close …
The weaker than forecast employment report rallied stocks and bonds on Friday on the expectation it would keep the Fed on hold. This was despite the Fed’s announcement it would begin selling the excess corporate bonds and ETFs it purchased during the pandemic to stabilize markets. The Dow Jones Industrial Average closed the week …
Investors appear to be absorbing the inflation story well as the equity markets all posted positive returns for the week. The Dow Jones Industrial Average closed the week +1.0%, the S&P 500 Index was +1.2%, and the NASDAQ 100 Index was +2.0%. The U.S. 10-year Treasury bond yield decreased to 1.593% at Friday’s close …
NovaPoint Capital would like to show our respect for those who have made the ultimate sacrifice in defense of our freedom. In their honor, we are making donations today to three Veterans Service Organizations: the Children of Fallen Patriots Foundation, the U.S. Army Ranger Association’s Michael B. Ranger Legacy Scholarship Program, and the Project …
Continue reading “NovaPoint Supports Veterans Service Organizations”
It was a mixed week in the equity market with the NASDAQ 100 Index in the green and the S&P 500 Index and Dow Jones Industrial Average in the red. The Dow Jones Industrial Average closed the week –0.4%, the S&P 500 Index was –0.4%, and the NASDAQ 100 Index was +0.2%. The U.S. …
The early part of the week saw stocks under pressure from inflation concerns. A rally on Thursday and Friday triggered by the easing of mask wearing guidelines by the Center for Disease Control recouped some of the losses. The Dow Jones Industrial Average closed the week –1.1%, the S&P 500 Index was –1.3%, and …
Bad news in the monthly employment report was good news for stocks on Friday. A much weaker employment report than anticipated was seen as a signal the economy is not as frothy as expected, causing equities to rally. The Dow Jones Industrial Average closed the week +2.7%, the S&P 500 Index was +1.3%, and …
404.445.7885
