Springing Forward! The equity markets moved to the upside last week. Investors seem to be a little more comfortable with bond yields. Two inflation measures for February, the CPI and PPI, showed an increase in inflation mainly tied to increasing energy prices. The February CPI showed 12-month rate of inflation for consumer goods and …
Continued upward movement in interest rates pressured stocks during the week, but a strong Employment Report ended the week on a stronger note. The Dow Jones Industrial Average was +1.8%, the S&P 500 Index was +0.8%, and the NASDAQ 100 Index was –1.8%. The U.S. economy added 379,000 jobs in February versus an expectation …
A sharply steepening yield curve pressured stocks last week. The Dow Jones Industrial Average was –1.7%, the S&P 500 Index was –2.4%, and the NASDAQ 100 Index was –4.9%. We are nearing the end of the fourth quarter earnings season with 479 in the S&P 500 Index having reported earnings. Eighty percent of companies …
The equity market advance froze this week along with most of the country. The Dow Jones Industrial Average was +0.2%, the S&P 500 Index was –0.7%, and the NASDAQ 100 Index was –1.6%. With 399 companies in the S&P 500 Index having reported fourth quarter earnings, 81.7% have reported earnings above consensus. Continuing the …
Continued progress on COVID-19 vaccine administration, stimulus, and quarterly earnings lifted equity markets last week. The Dow Jones Industrial Average was +1.1%, the S&P 500 Index was +1.3%, and the NASDAQ 100 Index was +1.5%. With 372 companies in the S&P 500 Index having reported fourth quarter earnings, 82.0% have reported earnings above consensus. Earnings …
Positive quarterly earnings reports and progress on stimulus talks helped the equity market rebound to start February on a positive note. The Dow Jones Industrial Average was +3.6%, the S&P 500 Index was +4.3%, and the NASDAQ 100 Index was +4.9%. We’re just past halfway in the fourth quarter earnings cycle and S&P 500 …
The financial headlines were packed last week with earnings results, short squeezes, and vaccine news. The end results left all major U.S. market averages in the red for the week. The Dow Jones Industrial Average, S&P 500 Index, and NASDAQ 100 Index were all down 3.3%. We are almost halfway through the fourth quarter …
The stock market rebounded last week. For the week, the Dow Jones Industrial Average was +0.6%, the S&P 500 Index was +2.0%, and the NASDAQ 100 Index was +4.4%. The flurry of fourth quarter earnings reports continue this week with 120 companies in the S&P 500 Index scheduled to report earnings. Of the 66 …
The stock market posted its first down week of 2021. For the week, the Dow Jones Industrial Average declined 0.3%, the S&P 500 Index declined 0.7%, and the NASDAQ 100 Index declined 1.6%. Small cap stocks and oil both posted gains for the week. We start to move deeper into fourth quarter earnings reports …
The stock market shrugged off a down first trading day of the year and finished the first week of 2021 with gains. For the week, the Dow Jones Industrial Average was +1.7%, the S&P 500 Index was +1.9%, and the NASDAQ 100 Index was +1.7%. Oil also continued its year-end rally and opened 2021 …
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