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, …
Growing Economy
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 …
Fully Recovered
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. …
Stop and Go
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 …
Slow Start
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 …
Launch
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 …
Skating
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 …
Tight Enough
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 …
Projections
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 …
The Gift that Keeps on Giving
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 …