NovaPoint has partnered with the Association of the United States Army (AUSA) as a service provider for their member benefits. For AUSA members seeking financial planning or investment advice, retirement planning as an employee or owner of a business, or accounting and tax planning assistance for individuals or businesses, NovaPoint can be a value-added …
Investors have shown stocks a lot of love so far this year, pushing the S&P 500 Index above the 5,000 level for the first time. For the week, the S&P 500 Index was +1.4%, the Dow was +0.1%, and the NASDAQ +1.8%. The S&P 500 Index was led by the Technology, Consumer Discretionary, and …
The S&P 500 Index declined intra-week due to hawkish Federal Reserve comments, but rallied Friday to close at a new high. For the week, the S&P 500 Index was +1.4%, the Dow was +1.4%, and the NASDAQ +1.3%. The S&P 500 Index was led by the Consumer Discretionary, Communication Services, and Consumer Staples sectors, …
The S&P 500 Index hit a new record high inter-week before closing lower on Friday. For the week, the S&P 500 Index was +1.1%, the Dow was +0.6%, and the NASDAQ +0.6%. The S&P 500 Index was led by the Energy, Communication Services, and Financial sectors, while the Consumer Discretionary, Real Estate, and Health …
The S&P 500 Index returned to record high territory last week. For the week, the S&P 500 Index was +1.2%, the Dow was +0.8%, and the NASDAQ +2.9%. The S&P 500 Index was led by the Technology, Communication Services, and Financial sectors, while the Energy, Utility, and Real Estate sectors lagged. The 10-year U.S. …
The major equity indices rebounded from the initial down week of 2024. For the week, the S&P 500 Index was +1.9%, the Dow was +0.4%, and the NASDAQ +3.2%. The S&P 500 Index was led by the Technology, Communication Services, and Consumer Staples sectors, while the Energy, Utility, and Materials sectors lagged. The 10-year …
The S&P 500 Index snapped its nine-week winning streak to open the year down 1.5%. The other major benchmarks also closed lower with the Dow -0.6% and the NASDAQ -3.1%. The S&P 500 Index was led by the Health Care, Utility, and Energy sectors, while the Technology, Consumer Discretionary, and Industrial sectors lagged. The …
The equity markets had a quiet, but positive, last week of the year. The weekly return for the S&P 500 Index was +0.3%, the Dow was +0.8%, and the NASDAQ was +0.3%. The S&P 500 Index was led by the Utility, Consumer Staples, and Real Estate sectors. The Energy, Consumer Discretionary, and Communication Services …
Equities skated into the Christmas holiday weekend with eight consecutive weekly gains. The weekly return for the S&P 500 Index was +0.8%, the Dow was +0.2%, and the NASDAQ was +0.9%. The S&P 500 Index was led by the Communication Services, Energy, and Health Care sectors. The Utility and Real Estate sectors lagged. The …
Equities rallied and bond yields declined as the Federal Reserve projected a decrease in the Fed funds rate for 2024 as the pace of inflation is declining. The weekly return for the S&P 500 Index was +2.5%, the Dow was +2.9%, and the NASDAQ was +3.4%. The S&P 500 Index was led by the …
Equities rose modestly as investors await the final Federal Reserve meeting of the year. The weekly return for the S&P 500 Index was +0.2%, the Dow was flat, and the NASDAQ was +0.6%. The S&P 500 Index was led by the Consumer Discretionary, Communication Services, and Technology sectors. The Energy, Materials, and Consumer Staples …
Equities rose and bond yields fell as investors continue to press the case that the Federal Reserve is likely done with the current monetary tightening cycle. The weekly return for the S&P 500 Index was +0.8%, the Dow was +2.6%, and the NASDAQ was +0.1%. The S&P 500 Index was led by the Real …
Equities maintained their upward movement during the holiday shortened week. The weekly return for the S&P 500 Index was +1.0%, the Dow was +1.3%, and the NASDAQ was +0.9%. All eleven sectors in the S&P 500 Index were positive for the week led by the Health Care, Consumer Staples, and Communication Services sectors. The …
Cooling inflation reports combined with a cooling job market data from earlier in the month has sustained the recent equity rally. The weekly return for the S&P 500 Index was +2.3%, the Dow was +2.1%, and the NASDAQ was +2.0%. All eleven sectors in the S&P 500 Index were positive for the week led …
Stocks added to gains last week. The weekly return for the S&P 500 Index was +1.4%, the Dow was +0.7%, and the NASDAQ was +2.9%. The S&P 500 Index was led by the Technology, Communication Services, and Industrial sectors. The Energy, Utility, and Real Estate sectors were the biggest laggards. The 10-year U.S. Treasury …
Atlanta, Georgia (Nov 10th, 2023) — NovaPoint announced today that it has earned the 2024 Military Friendly ® Employer designation. Institutions earning the Military Friendly ® Employer designation were evaluated using both public data sources and responses from a proprietary survey. Over twelve hundred companies participated in the 2024 Military Friendly ® survey. Methodology, …
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NovaPoint 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: Children of Fallen Patriots Foundation, Special Operations Medical Association, and Wreaths Across America. Children of Fallen Patriots provides college scholarships and educational counseling to military children who have lost a …
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A pause on interest rates at the Federal Open Market Committee (FOMC) meeting followed by a tame employment report helped stocks rally from an oversold condition last week. The weekly return for the S&P 500 Index was +5.9%, the Dow was +5.1%, and the NASDAQ was +6.5%. All eleven S&P 500 sectors were positive …
On Thursday, November 2nd, NovaPoint’s president , Alan Conner will be speaking at the Markets Group Private Wealth Latin America & Caribbean Forum in Miami. Alan will be a participant on the forum’s panel, “Fixed Income: Trends Shaping Today’s Landscape”, with several other investment professionals. The 10th Annual Private Wealth Latin America & the …
Mixed earnings from the mega cap Technology and Communications Services companies and on-going concerns of events in the Middle East sent equity markets down last week. The weekly return for the S&P 500 Index was -2.5%, the Dow was -2.1%, and the NASDAQ was -2.6%. The Utility sector was the only sector with a …
Concerns over widening violence in the Middle East pressured financials markets last week. The weekly return for the S&P 500 Index was -2.4%, the Dow was -1.6%, and the NASDAQ was -2.9%. The Energy sector was the only sector with a positive return for the week. The bottom performing sectors were Health Care, Materials, …
The eruption of violence in the Middle East created a demand for safe haven assets last week as treasury bonds, gold, and oil all rose. The weekly return for the S&P 500 Index was +0.5%, the Dow was +0.8%, and the NASDAQ was +0.1%. The Energy, Utilities, and Real Estate sectors led the market, …
The September Employment report pointed to a still strong economy and sparked a market rally on Friday. The weekly return for the S&P 500 Index was +0.5%, the Dow was -0.2%, and the NASDAQ was +1.8%. The Technology, Communication Services, and Health Care sectors led the market, while the Energy, Consumer Staples, and Utilities …
On Wednesday, October 4th, NovaPoint’s president , Alan Conner will be speaking at the Markets Group Private Wealth Carolinas Forum in Charlotte, North Carolina. Alan will be a participant on the forum’s panel, “Fixed Income: Trends Shaping Today’s Landscape”, with several other investment professionals. The Private Wealth Carolinas Forum is the leading conference for …
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The U.S. government avoided an October 1st shutdown but legislators were only able to agree on a 45-day extension. The weekly return for the S&P 500 Index was -0.7%, the Dow was -1.3%, and the NASDAQ was +0.1%. The Energy, Materials, and Consumer Discretionary sectors were the only positive sectors in the S&P 500 …
The Federal Reserve refrained from raising short-term interest rates last week, but revisions in the Summary of Economic Projections that pointed to a “higher for longer” scenario weighed on stocks. The weekly return for the S&P 500 Index was -2.9%, the Dow was -1.9%, and the NASDAQ was -3.3%. All eleven S&P sectors were …
Stocks were mixed last week. The weekly return for the S&P 500 Index was -0.1%, the Dow was +0.1%, and the NASDAQ was -0.5%. The Utility, Consumer Discretionary, and Financial sectors led the market. The Technology, Industrial, and Materials sectors lagged. The 10-year U.S. Treasury note yield increased to 4.322% at Friday’s close versus …
On Monday, September 18th, NovaPoint’s chief investment officer, Joseph Sroka, CFA, CMT will be speaking at the Marcus Evans Private Wealth Management Summit in Dallas, Texas. Joe will be a participant on the summit’s panel, “Portfolio Repositioning: Examining How Investors are Factoring in Monetary Policy, Inflation, and Rising Interest Rates”, with several other investment …
Stocks declined during the holiday-shorted week. The weekly return for the S&P 500 Index was -1.3%, the Dow was -0.7%, and the NASDAQ was -1.4%. The Energy and Utility sectors posted gains for the week. All other sectors were negative, led by the Industrial, Materials and Technology sectors. The 10-year U.S. Treasury note yield …
The NovaPoint Group is proud to announce that Larry Dixon has earned the prestigious Enrolled Agent (EA) designation from the Internal Revenue Service (IRS). An Enrolled Agent is a federally authorized tax practitioner with technical expertise in the field of taxation. They are empowered by the U.S. Department of the Treasury to represent taxpayers before …
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