Stocks continued their decline for the third consecutive week. For the week, the S&P 500 Index was -3.0%, the Dow was flat, and the NASDAQ was -5.4%. Within the S&P 500 Index, the Utility, Consumer Staples, and Financial sectors had gains for the week, while the Technology, Consumer Discretionary, and Real Estate sectors had …
Pricey Persistence
Stocks declined for a second consecutive week on concerns inflation is not receding. For the week, the S&P 500 Index was -1.5%, the Dow was -2.4%, and the NASDAQ was -0.6%. All eleven S&P 500 sectors declined with the Technology, Consumer Discretionary, and Consumer Staples sectors declining the least, and the Financials, Materials, and …
NovaPoint 2nd Quarter 2024 Newsletter
We invite you to review our Quarterly Newsletter which includes investment market commentary, tax, and business retirement plan insights. There is also an awesome recipe for pea and bacon risotto! Link to the Quarterly Newsletter here: Newsletter To learn more about these topics and our investment strategies, call us at 404-445-7885 or contact us …
Eclipsed
Stocks were eclipsed by strong economic data to start the second quarter. For the week, the S&P 500 Index was -0.9%, the Dow was -2.2%, and the NASDAQ was -0.8%. The best performing sectors in the S&P 500 Index were the Energy, Communication Services, and Materials sectors, while the Health Care, Real Estate, and …
Shiny Quarter
Stocks closed out a strong first quarter of the year with moderate gains during a holiday shortened week. For the week, the S&P 500 Index was +0.4%, the Dow was +0.8%, and the NASDAQ was -0.3%. The best performing sectors in the S&P 500 Index were the Utility, Real Estate, and Materials sectors, while …
Steady Feddy
Stocks continued their uptrend last week after the Federal Reserve held interest rates steady. For the week, the S&P 500 Index was +2.3%, the Dow was +2.0%, and the NASDAQ was +3.0%. The best performing sectors in the S&P 500 Index were the Communication Services, Consumer Discretionary, and Industrial sectors, while the Real Estate, …
Stubborn
Stubborn inflation data kept stocks muted last week. For the week, the S&P 500 Index was -0.1%, the Dow was flat, and the NASDAQ was -1.2%. The best performing sectors in the S&P 500 Index were the Energy, Materials, and Consumer Staples sectors, while the Real Estate, Consumer Discretionary, and Technology sectors lagged. The …
Both Sides of the Coin
Stocks ended the week on a down note on Friday. For the week, the S&P 500 Index was -0.2%, the Dow was -0.8%, and the NASDAQ was -1.5%. The S&P 500 Index was led by the Utility, Real Estate, and Materials sectors, while the Consumer Discretionary, Technology, and Communication Services sectors lagged. The 10-year …
In Like a Lion
Stocks have come into March like a lion year-to-date with the S&P 500 Index +8.0%. For the week, the S&P 500 Index was +1.0%, the Dow was flat, and the NASDAQ was +2.1%. The S&P 500 Index was led by the Technology, Real Estate, and Consumer Discretionary sectors, while the Health Care, Consumer Staples, …
Leap Year
The S&P 500 Index leaped back to new highs last week. For the week, the S&P 500 Index was +1.7%, the Dow was +1.3%, and the NASDAQ was +1.4%. The S&P 500 Index was led by the Consumer Staples, Materials, and Industrial sectors, while the Energy, Real Estate, and Communication sectors lagged. All eleven …