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 …
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 …
Stocks gained last week after a downward revision to second quarter Gross Domestic Product (GDP) growth and a moderating job market report. The weekly return for the S&P 500 Index was +2.5%, the Dow was +1.6%, and the NASDAQ was +3.7%. The Technology, Materials, and Energy sectors led the market. The Utilities and Consumer …
Stocks were mixed last week as the corporate earnings season winds down and Fed Chairman Jerome Powell held the line on being steadfast on inflation in his remarks at Jackson Hole. The weekly return for the S&P 500 Index was +0.8%, the Dow was -0.4%, and the NASDAQ was +1.7%. The Technology and Consumer …
Rising bond yields in the U.S. and concern of contagion from a weakening Chinese economy sent stocks lower last week. The weekly return for the S&P 500 Index was -2.1%, the Dow was -2.1%, and the NASDAQ was -2.2%. All sectors in the S&P 500 Index declined. The Technology and Energy sectors declined the …
Temperatures remain warm but stocks have cooled recently with the S&P 500 Index’s first back-to-back weekly decline since early May. The weekly return for the S&P 500 Index was -0.3%, the Dow was +0.7%, and the NASDAQ was -1.3%. Within the S&P 500, the Energy, Healthcare, and Utility sectors led the market for the …
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