Rising bond yields in the U.S. and concern of contagion from a weakening Chinese economy sent stocks lower last week. The weekly return for the S&P 500 Index was -2.1%, the Dow was -2.1%, and the NASDAQ was -2.2%. All sectors in the S&P 500 Index declined. The Technology and Energy sectors declined the …
On Wednesday, August 23rd, NovaPoint’s chief investment officer, Joseph Sroka, CFA, CMT will be speaking at Markets Group’s Private Wealth Central States Forum in Nashville. Joe will be a panelist on the forum’s Opening Bell panel, “The Next 12 Months at a Glance,” with several other investment professionals. The Private Wealth Central States Forum …
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Temperatures remain warm but stocks have cooled recently with the S&P 500 Index’s first back-to-back weekly decline since early May. The weekly return for the S&P 500 Index was -0.3%, the Dow was +0.7%, and the NASDAQ was -1.3%. Within the S&P 500, the Energy, Healthcare, and Utility sectors led the market for the …
A mixed week of earnings reports, higher oil prices and a downgrade of the U.S. debt by rating agency Fitch all combined to move stocks lower last week. The weekly return for the S&P 500 Index was -2.3%, the Dow was -1.1%, and the NASDAQ was -3.0%. Within the S&P 500, the Energy sector …
A combination of favorable earnings reports and economic data moved stocks higher last week. The weekly return for the S&P 500 Index was +1.0%, the Dow was +0.7%, and the NASDAQ was +2.1%. Within the S&P 500, the Communication Services, Energy, and Materials sectors led the market. The 10-year U.S. Treasury note yield increased …
A broadening of industry participants in the market advance helped the S&P 500 Index rise as the tech-heavy NASDAQ 100 fell this past week. The Energy, Healthcare, and Financial Sectors led the market. The weekly return for the S&P 500 Index was +0.7%, the Dow was +2.1%, and the NASDAQ was -0.9%. The 10-year …
A slowing in the rate of inflation and a good start to the earnings reporting season boosted stocks last week. The weekly return for the S&P 500 Index was +2.4%, the Dow was +2.3%, and the NASDAQ was +3.5%. The 10-year U.S. Treasury note yield decreased to 3.820% at Friday’s close versus 4.048% the …
Equity markets opened the new quarter with a whimper. The weekly return for the S&P 500 Index was -1.1%, the Dow was -1.9%, and the NASDAQ was -0.9%. The 10-year U.S. Treasury note yield increased to 4.048% at Friday’s close versus 3.819% the previous week. The June employment report showed 209,000 net new jobs …
Equity markets rose last week and closed out a higher first half of the year. The weekly return for the S&P 500 Index was +2.4%, the Dow was +2.0%, and the NASDAQ was +1.9%. The 10-year U.S. Treasury note yield increased to 3.819% at Friday’s close versus 3.739% the previous week. The May Personal …
The rally in equities ground to a halt last week with the S&P 500 Index -1.4%, the Dow -1.7%, and the NASDAQ -1.3%. The 10-year U.S. Treasury note yield decreased to 3.739% at Friday’s close versus 3.769% the previous week. Fed Chair Jerome Powell testified to Congress last week. He reiterated that the effort …
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