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 …
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 …
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, …
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