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, …
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 …
On Monday, September 18th, NovaPoint’s chief investment officer, Joseph Sroka, CFA, CMT will be speaking at the Marcus Evans Private Wealth Management Summit in Dallas, Texas. Joe will be a participant on the summit’s panel, “Portfolio Repositioning: Examining How Investors are Factoring in Monetary Policy, Inflation, and Rising Interest Rates”, with several other investment …
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 …
A mixed week of earnings reports, higher oil prices and a downgrade of the U.S. debt by rating agency Fitch all combined to move stocks lower last week. The weekly return for the S&P 500 Index was -2.3%, the Dow was -1.1%, and the NASDAQ was -3.0%. Within the S&P 500, the Energy sector …
A combination of favorable earnings reports and economic data moved stocks higher last week. The weekly return for the S&P 500 Index was +1.0%, the Dow was +0.7%, and the NASDAQ was +2.1%. Within the S&P 500, the Communication Services, Energy, and Materials sectors led the market. The 10-year U.S. Treasury note yield increased …
A broadening of industry participants in the market advance helped the S&P 500 Index rise as the tech-heavy NASDAQ 100 fell this past week. The Energy, Healthcare, and Financial Sectors led the market. The weekly return for the S&P 500 Index was +0.7%, the Dow was +2.1%, and the NASDAQ was -0.9%. The 10-year …
A slowing in the rate of inflation and a good start to the earnings reporting season boosted stocks last week. The weekly return for the S&P 500 Index was +2.4%, the Dow was +2.3%, and the NASDAQ was +3.5%. The 10-year U.S. Treasury note yield decreased to 3.820% at Friday’s close versus 4.048% the …
Equity markets opened the new quarter with a whimper. The weekly return for the S&P 500 Index was -1.1%, the Dow was -1.9%, and the NASDAQ was -0.9%. The 10-year U.S. Treasury note yield increased to 4.048% at Friday’s close versus 3.819% the previous week. The June employment report showed 209,000 net new jobs …
Equity markets rose last week and closed out a higher first half of the year. The weekly return for the S&P 500 Index was +2.4%, the Dow was +2.0%, and the NASDAQ was +1.9%. The 10-year U.S. Treasury note yield increased to 3.819% at Friday’s close versus 3.739% the previous week. The May Personal …
The rally in equities ground to a halt last week with the S&P 500 Index -1.4%, the Dow -1.7%, and the NASDAQ -1.3%. The 10-year U.S. Treasury note yield decreased to 3.739% at Friday’s close versus 3.769% the previous week. Fed Chair Jerome Powell testified to Congress last week. He reiterated that the effort …
The rally in equities continued last week with the S&P 500 Index +2.6%, the Dow was +1.3%, and the NASDAQ was +3.8%. The 10-year U.S. Treasury note yield increased to 3.769% at Friday’s close versus 3.745% the previous week. The Federal Open Market Committee (FOMC) left the Fed funds rate flat at the 5.00% …
Investors have shown some optimism for equities with four consecutive positive weeks for the S&P 500 Index. The S&P 500 Index ended this past week +0.4%, the Dow was +0.4%, and the NASDAQ was -0.1%. The 10-year U.S. Treasury note yield increased to 3.745% at Friday’s close versus 3.693% the previous week. Some of …
A debt ceiling deal and a healthy employment report rallied stocks last week. The S&P 500 Index ended the week +1.7%, the Dow was +2.2%, and the NASDAQ was +1.8%. The 10-year U.S. Treasury note yield decreased to 3.693% at Friday’s close versus 3.820% the previous week. The debt ceiling deal was passed by …
Last week ended without a debt ceiling deal, but negotiations over the weekend finally yielded an agreement between the parties. The S&P 500 Index ended the week +0.3%, the Dow was -1.0%, and the NASDAQ was +3.0%. The 10-year U.S. Treasury note yield increased to 3.820% at Friday’s close versus 3.692% the previous week. …
Markets ebbed and flowed with the progress of debt talks last week. S&P 500 Index ended the week +1.5%, the Dow was +0.5%, and the NASDAQ was +3.5%. The 10-year U.S. Treasury note yield increased to 3.692% at Friday’s close versus 3.463% the previous week. House Speaker Kevin McCarthy is expected to meet with …
The S&P 500 Index ended the week -0.2%, the Dow was -1.0%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield increased to 3.463% at Friday’s close versus 3.446% the previous week. Debt ceiling discussions continue, and some optimism has been expressed by the White House that a deal can be reached. …
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