It was a mostly optimistic holiday week, although COVID-19 was still a background factor. The S&P 500 Index was higher for the week by +2.3%, the Dow was +1.7%, and the NASDAQ was +3.2%. The U.S. 10-year Treasury bond yield increased to 1.492% at Thursday’s close versus 1.407% the previous week. The COVID omicron …
The Federal Reserve meeting provided a roadmap for 2022 monetary policy which we think was favorably received by the markets, however, concern surrounding the omicron variant returned following increases in positive testing across several countries. The net effect had the S&P 500 Index lower for the week by -1.9%, the Dow was -1.7% and …
Concern surrounding the omicron variant subsided last week and it helped the equity markets bounce off support levels. The S&P 500 Index finished the week +3.8%, the Dow was +4.0% and the NASDAQ was +3.9%. The U.S. 10-year Treasury bond yield increased to 1.478% at Friday’s close versus 1.356% the previous week. The Federal …
Continued concerns from the potential impact of the omicron variant, Federal Reserve Chairman Jerome Powell’s comments that the Fed may need to accelerate the tapering of bond purchases, and a lackluster employment report drove a decline across equity markets. The S&P 500 Index finished the week -1.2%, the Dow was -0.8% and the NASDAQ …
The equity markets declined during the holiday shortened week. The steep decline came on Friday following concerns that travel restrictions from the latest COVID variant could negatively impact global growth. The S&P 500 Index finished the week -2.2%, the Dow was -2.0% and the NASDAQ was -3.3%. The U.S. 10-year Treasury bond yield decreased …
The equity markets provided mixed results last week with the NASDAQ 100 Index the leader at +2.3% and the S&P 500 Index +0.4%. Several other indices saw negative returns last week with the Dow Jones Industrial Average -1.3%, the Russell 2000 small cap -2.8%, and international markets –1.5%. The U.S. 10-year Treasury bond yield …
Following a five-week rally, the S&P 500 Index took a pause last week. The S&P 500 finished the week -0.3%, the Dow was -0.6% and the NASDAQ was -1.0%. The U.S. 10-year Treasury bond yield increased to 1.570% at Friday’s close versus 1.455% the previous week. Current forecast for the S&P 500 Index is …
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 …
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