Equity markets kicked off the new year with an advance. The S&P 500 was +1.5%, the Dow was +1.5%, and the NASDAQ was +0.9% as Friday’s release of the December employment report sparked a strong rally to end the week. The 10-year U.S. Treasury note yield decreased to 3.571% at Friday’s close versus 3.831% …
Equity markets ended the week down modestly and the year down substantially. For the week, the S&P 500 was -0.1%, the Dow was -0.2%, and the NASDAQ was -0.4%. The 10-year U.S. Treasury note yield increased to 3.831% at Friday’s close versus 3.747% the previous week. This week’s major economic release is the December …
Equity markets were mixed last week. The S&P 500 was -0.2% for the week, the Dow was +0.9%, and the NASDAQ was -2.3%. The 10-year U.S. Treasury note yield increased to 3.747% at Friday’s close versus 3.482% the previous week. Small but steady improvement continues on the inflation front. The November Personal Consumption Expenditures …
Equity markets took another ride last week. Optimism was high early in the week following a Consumer Price Index (CPI) report that showed slowing inflation, but pessimism returned following the Federal Open Market Committee (FOMC) meeting which indicated the final level on short-term interest rates is projected to be higher than previously expected. The …
FOR IMMEDIATE RELEASE NovaPoint Welcomes Larry Dixon and Marisa Shipman to the Team ATLANTA, GA, December 14, 2022 – The NovaPoint Group announced today that Larry Dixon has joined the firm as a Managing Director of the group’s accounting and tax business, NovaPoint CFO. Larry began his career as a field artillery officer in …
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Equity markets retrenched last week after the November Producer Price Index (PPI) showed inflation to be stickier than anticipated. The S&P 500 was -3.3% for the week, the Dow was -2.7%, and the NASDAQ was -3.6%. The 10-year U.S. Treasury note yield increased to 3.567% at Friday’s close versus 3.503% the previous week. The …
Equity markets gained last week after supportive comments from Federal Reserve Chairman Jerome Powell that the Fed could start slowing the pace of interest rate increases. The S&P 500 was +1.2% for the week, the Dow was +0.4%, and the NASDAQ was +2.1%. The 10-year U.S. Treasury note yield decreased to 3.503% at Friday’s …
On Wednesday, December 7th, NovaPoint’s chief investment officer, Joseph Sroka, will be speaking at Portfolio Summits’ Florida RIA Summit in Tampa. Joe will join a panel of fellow investment professionals to discuss “Market Outlooks and Opportunities”. The third annual Florida RIA Summit is a one day meeting of 100+ registered investment advisors based throughout …
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With 24 stock market trading days left for the year, we are in the homestretch for what has been a dismal 2022. This past week, equity markets gained during the Thanksgiving holiday shortened week. The S&P 500 was +1.6%, the Dow was +1.8%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield …
Equity markets consolidated last week after a large advance the week prior. The S&P 500 was -0.6%, the Dow was +0.1%, and the NASDAQ was -1.1%. The 10-year U.S. Treasury note yield decreased to 3.818% at Friday’s close versus 3.893% the previous week. Following on the heels of the October Consumer Price Index (CPI) …
Better than expected Consumer Price Index data let pent up animal spirits run wild last Thursday and Friday. Stocks advanced sharply for the week with the S&P 500 +5.9%, the Dow was +4.2%, and the NASDAQ was +8.9%. The 10-year U.S. Treasury note yield decreased to 3.893% at Thursday’s close versus 4.158% the previous …
NovaPoint Capital 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 …
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Stocks declined last week as the Federal Reserve did not indicate it was ready to cease its interest rate increase cycle. For the week, the S&P 500 was -3.3%, the Dow was -1.4%, and the NASDAQ was -5.9%. The 10-year U.S. Treasury note yield increased to 4.158% at Friday’s close versus 4.010% the previous …
Stocks have tried to come back from the dead, rallying for a second consecutive week and are on track to turn in a strong month for October. For the week, the S&P 500 was +4.0%, the Dow was +5.7%, and the NASDAQ was +2.1%. The 10-year U.S. Treasury note yield decreased to 4.010% at …
Stocks rallied on a combination of good earnings results and hope that the Fed would soon slow the pace of interest rate increases. The S&P 500 was +4.8%, the Dow was +4.9%, and the NASDAQ was +5.8%. The 10-year U.S. Treasury note yield increased to 4.212% at Friday’s close versus 4.006% the previous week. …
On Thursday, October 20th, NovaPoint’s chief investment officer, Joseph Sroka, will be speaking at the Markets Group’s 9th Annual Southeast Institutional Forum in Atlanta. Joe will join a panel of fellow investment professionals to discuss “Opportunities in Equities: Navigating a Dynamic Market”. The 9th Annual Southeast Institutional Forum is the region’s leading conference …
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Stocks rallied on Thursday despite higher-than-expected Consumer Price Index (CPI) data, then fell back on Friday for a mixed finish to the week. The S&P 500 was -1.5%, the Dow was +1.2%, and the NASDAQ was -3.1%. The 10-year U.S. Treasury note yield increased to 4.006% at Friday’s close versus 3.885% the previous week. …
The equity market rebounded strongly at the start of last week but declined sharply on Friday following a stronger employment report. Despite Friday’s decline, the major markets held on to gains for the week. The S&P 500 was +1.6%, the Dow was +2.0%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield …
The equity markets closed out their third consecutive down quarter last week. For the week, the S&P 500 was -2.9%, the Dow was -2.9%, and the NASDAQ was -3.0%. The 10-year U.S. Treasury note yield increased to 3.804% at Friday’s close versus 3.697% the previous week. For the third quarter, the S&P 500 Index …
On Tuesday, October 4th, NovaPoint’s president, Alan Conner, will be speaking at Portfolio Summit’s Southeast RIA Summit in Atlanta. Alan will join a panel of fellow fixed income experts to discuss “How to Evolve the 40% in a 60/40 Allocation”. The annual Southeast RIA Summit is a one day meeting of more than one hundred …
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A determined Federal Reserve marching along with another 0.75% increase in short-term interest rates gave investors pause again last week. The S&P 500 was -4.6% for the week, the Dow was -4.0%, and the NASDAQ was -4.6%. The 10-year U.S. Treasury note yield increased to 3.697% at Friday’s close versus 3.447% the previous week. …
Inflationary concerns in the August Consumer Price Index (CPI) report, released last week, sent stocks lower as there is not yet sufficient data to deter the Federal Reserve from its path of increasing interest rates. The S&P 500 Index was -4.7% for the week, the Dow was -4.1%, and the NASDAQ was -5.8%. The …
Despite comments from the Federal Reserve that it would keep raising rates until the job is done on inflation, equities rallied during the short four-day trading week. The S&P 500 was +3.7% for the week, the Dow was +2.7%, and the NASDAQ was +4.1%. The 10-year U.S. Treasury note yield increased to 3.321% at …
Equities both ended August and began September on a down note. Friday’s employment report from the labor market showed a still healthy labor market, which investors viewed as a signal the Federal Reserve would be diligent with rate increases during upcoming Federal Open Market Committee (FOMC) meetings. The S&P 500 was -3.2% for the …
Equities fell on Friday following comments from Federal Reserve Chairman Jerome Powell that the Federal Reserve plans to keep raising interest rates to bring down inflation. The S&P 500 was -4.0% for the week, the Dow was -4.2%, and the NASDAQ was -4.8%. The 10-year U.S. Treasury note yield increased to 3.087% at Friday’s …
After a strong, four-week run, the market retreated last week. Weakness in housing market data, a mixed set of earnings from retailers, and commentary in the Federal Open Market Committee (FOMC) meeting minutes from July may have given some investors pause on where the economy goes from here. The S&P 500 was -1.2% for …
On Thursday, August 18th, 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, “Financial and Macro-Economic Outlook for the Next 12 Months,” with several other investment professionals. The Private Wealth Central …
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Markets rose last week as investors viewed the July Consumer Price Index (CPI) and Producer Price Index (PPI) reports as a sign the pace of inflation has peaked. The S&P 500 was +3.3% for the week, the Dow was +3.0%, and the NASDAQ was +2.7%. The 10-year U.S. Treasury note yield increased to 2.849% …
The S&P 500 Index had a third consecutive weekly increase, though more muted than the previous two weeks. The S&P 500 was 0.4% for the week, the Dow was -0.1%, and the NASDAQ was +2.0%. The 10-year U.S. Treasury note yield increased to 2.840% at Friday’s close versus 2.642% the previous week. Continued strength …
The S&P 500 Index had its first back-to-back weekly gain since the end of March. The S&P 500 Index was +4.3% for the week, the Dow was +3.0%, and the NASDAQ was +4.5%. The 10-year U.S. Treasury note yield decreased to 2.642% at Friday’s close versus 2.781% the previous week. The market shrugged off …
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