Equity markets advanced last week. There was a significant amount of jawboning regarding an end to the Fed’s monthly bond buying programs and 10-year Treasury bond yields increased following a strong July employment report. The S&P 500 Index closed the week +1.0%, the NASDAQ +1.0% and the Dow +0.8%. The U.S. 10-year Treasury bond …
Large cap equities closed lower last week. Despite a large increase in year-over-year earnings for most companies, growth concerns seeped in for some of the large cap tech companies. The S&P 500 Index closed the week –0.4%, the NASDAQ -1.0% and the Dow –0.4%. The U.S. 10-year Treasury bond yield decreased to 1.23% at …
The market succumbed to COVID Delta variant fears last Monday, then snapped back to a record close by week’s end. All major averages closed higher for the week with the S&P 500 Index +2.0%, the NASDAQ +2.9% and the Dow +1.1%. The U.S. 10-year Treasury bond yield decreased to 1.28% at Friday’s close versus …
Despite good earnings from the major banks and some other companies in the first week of second quarter earnings reporting, the market averages struggled in the back half of the week. Continued presence of inflationary pressures and unknown potential impact of the COVID Delta variant led investor concerns. The S&P 500 Index closed the …
Thursday’s market decline was met with a rally on Friday. The S&P 500 has been positive eight out of the past 10 sessions. The S&P 500 Index closed the week +0.4%, the NASDAQ +0.7% and the Dow +0.3%. The U.S. 10-year Treasury bond yield decreased to 1.361% at Friday’s close versus 1.431% the previous …
Equity markets closed higher for the week with the S&P 500 Index +1.7%, the NASDAQ +2.7% and the Dow +1.1%. The U.S. 10-year Treasury bond yield decreased to 1.431% at Friday’s close versus 1.524% the previous week. The June employment report was the major news story ahead of the Independence Day holiday weekend. The …
Heading into the end of the first half of the year, all three major equity market averages have so far posted double-digit returns with the S&P 500 Index +14.8%, the NASDAQ +11.7% and the Dow +13.6%. The PCE Price Index for May was +0.4% month-over-month and 3.9% year-over-year. Energy prices were 27.4% higher year-over-year …
The Federal Reserve increased its outlook for U.S. economic growth but maintained its narrative that current inflationary pressures are likely to be transitory as the early part of the post-COVID economic recovery moderates to longer-term sustainable growth. The Dow Jones Industrial Average closed the week –3.4% and the S&P 500 Index was –1.9%. The …
Despite continued inflation pressures seen in the May Consumer Price Index (CPI) report, the markets rallied into week’s end. The Dow Jones Industrial Average closed the week –0.8%%, but the S&P 500 Index was +0.4%, and the NASDAQ 100 Index was +1.7%. The U.S. 10-year Treasury bond yield decreased to 1.462% at Friday’s close …
The weaker than forecast employment report rallied stocks and bonds on Friday on the expectation it would keep the Fed on hold. This was despite the Fed’s announcement it would begin selling the excess corporate bonds and ETFs it purchased during the pandemic to stabilize markets. The Dow Jones Industrial Average closed the week …
Investors appear to be absorbing the inflation story well as the equity markets all posted positive returns for the week. The Dow Jones Industrial Average closed the week +1.0%, the S&P 500 Index was +1.2%, and the NASDAQ 100 Index was +2.0%. The U.S. 10-year Treasury bond yield decreased to 1.593% at Friday’s close …
It was a mixed week in the equity market with the NASDAQ 100 Index in the green and the S&P 500 Index and Dow Jones Industrial Average in the red. The Dow Jones Industrial Average closed the week –0.4%, the S&P 500 Index was –0.4%, and the NASDAQ 100 Index was +0.2%. The U.S. …
Bad news in the monthly employment report was good news for stocks on Friday. A much weaker employment report than anticipated was seen as a signal the economy is not as frothy as expected, causing equities to rally. The Dow Jones Industrial Average closed the week +2.7%, the S&P 500 Index was +1.3%, and …
The quarterly earnings reporting season is past the half-way point. Of the 303 companies in the S&P 500 Index that have reported earnings to date for Q1, 87.1% have reported earnings above analyst estimates. This compares to a long-term average of 65.3% and prior four quarter average of 75.5%. The Dow Jones Industrial Average …
Despite generally positive corporate earnings reports, the equity markets were flattish last week on concerns surrounding proposals from the White House for higher capital gains taxes. Of the 123 companies in the S&P 500 Index that have reported earnings to date for Q1, 85.4% have reported earnings above analyst estimates. This compares to a …
The equity markets responded positively to the first week of first quarter earnings. Of the 44 companies in the S&P 500 Index that have reported earnings to date for the first quarter, 84.1% have reported earnings above analyst estimates. The Dow Jones Industrial Average closed the week +1.2%, the S&P 500 Index was +1.4% …
Over 20% of the U.S. population has been fully vaccinated for COVID-19. The economy has been looking up and the Federal Reserve is being patient with interest rates. Fed Chair Jerome Powell also expressed a positive view of the economy in an interview that was aired on Sunday, but also said it is highly …
As COVID restrictions continue to ease in many areas, the jobs are coming back. Last week’s monthly employment report showed the U.S. added 916,000 jobs in March. Many new jobs came in areas that suffered over the past year such as leisure and hospitality, as well as education. The stock market was closed for …
Springing Forward! The equity markets moved to the upside last week. Investors seem to be a little more comfortable with bond yields. Two inflation measures for February, the CPI and PPI, showed an increase in inflation mainly tied to increasing energy prices. The February CPI showed 12-month rate of inflation for consumer goods and …
Continued upward movement in interest rates pressured stocks during the week, but a strong Employment Report ended the week on a stronger note. The Dow Jones Industrial Average was +1.8%, the S&P 500 Index was +0.8%, and the NASDAQ 100 Index was –1.8%. The U.S. economy added 379,000 jobs in February versus an expectation …
A sharply steepening yield curve pressured stocks last week. The Dow Jones Industrial Average was –1.7%, the S&P 500 Index was –2.4%, and the NASDAQ 100 Index was –4.9%. We are nearing the end of the fourth quarter earnings season with 479 in the S&P 500 Index having reported earnings. Eighty percent of companies …
The equity market advance froze this week along with most of the country. The Dow Jones Industrial Average was +0.2%, the S&P 500 Index was –0.7%, and the NASDAQ 100 Index was –1.6%. With 399 companies in the S&P 500 Index having reported fourth quarter earnings, 81.7% have reported earnings above consensus. Continuing the …
Continued progress on COVID-19 vaccine administration, stimulus, and quarterly earnings lifted equity markets last week. The Dow Jones Industrial Average was +1.1%, the S&P 500 Index was +1.3%, and the NASDAQ 100 Index was +1.5%. With 372 companies in the S&P 500 Index having reported fourth quarter earnings, 82.0% have reported earnings above consensus. Earnings …
Positive quarterly earnings reports and progress on stimulus talks helped the equity market rebound to start February on a positive note. The Dow Jones Industrial Average was +3.6%, the S&P 500 Index was +4.3%, and the NASDAQ 100 Index was +4.9%. We’re just past halfway in the fourth quarter earnings cycle and S&P 500 …
The stock market posted its first down week of 2021. For the week, the Dow Jones Industrial Average declined 0.3%, the S&P 500 Index declined 0.7%, and the NASDAQ 100 Index declined 1.6%. Small cap stocks and oil both posted gains for the week. We start to move deeper into fourth quarter earnings reports …
The stock market shrugged off a down first trading day of the year and finished the first week of 2021 with gains. For the week, the Dow Jones Industrial Average was +1.7%, the S&P 500 Index was +1.9%, and the NASDAQ 100 Index was +1.7%. Oil also continued its year-end rally and opened 2021 …
President Trump signed the stimulus and omnibus bill on Sunday. This funds the government through September 30th and provides multiple stimulus measures outlined below in our Dissecting Headlines section. For the week, the Dow Jones Industrial Average was +0.1%, the S&P 500 Index was –0.1%, and the NASDAQ 100 Index was –0.2%. Initial unemployment …
The previous week’s stimulus talks seem to have stalled as the week went on. This, coupled with an uptick in Initial Jobless Claims and COVID cases, pushed the equity market down from record highs. The Dow Jones Industrial Average was –0.5%, the S&P 500 Index was –0.9%, and the NASDAQ 100 Index was –1.2%. …
Link to the Risk Tolerance Questionnaire Here The investment markets have been volatile the past few weeks. With events like the COVID-19 outbreak, it can be difficult to know when they can happen or what impact they can have on the stock market and your investment portfolio. One thing you can do to be …
Despite concerns over impact of the coronavirus, the equity markets staged a recovery back toward record levels last week. We believe the significant story here is corporate earnings. With 387 companies in the S&P 500 Index having reported fourth quarter 2019 earnings, 72% have exceeded expectations, 10% have been in-line and 19% have been …
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