The equity markets continued their slow downward move last week. The S&P 500 Index closed the week –0.5%, the NASDAQ –0.7% and the Dow was flat. Small capitalization stocks and oil bucked the trend. The U.S. 10-year Treasury bond yield increased to 1.363% at Friday’s close versus 1.343% the previous week. Nine companies in …
The equity markets had a slow leak over the short, four-day trading week last week. The S&P 500 Index closed the week –1.7%, the NASDAQ –1.4% and the Dow –2.1%. The U.S. 10-year Treasury bond yield increased to 1.343% at Friday’s close versus 1.326% the previous week. With second quarter earnings reporting complete, the …
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 …
Last week produced a mix of economic reports that presented a modestly softer economy, but one that is not imminent danger of recession. Some of the softness, such as the contraction in the ISM Manufacturing Index and the weaker Employment Report, can be attributed to the continuing trade issues with China. Once the announcement …
The equity markets rebounded this past week to finish with their first weekly gain in five weeks. Optimism on international trade between the U.S. and China was the major catalyst for the weekly gain in stocks. With no significant corporate earnings news, we’ve stressed that economic and geopolitical news is likely to set market …
Investors were surprised late last week by the announcement that the U.S. would impose a 5% tariff on all goods imported from Mexico and gradually increase them until the flow of illegal immigrants stopped. The economic and political uncertainty of this policy added to the uncertainty currently in the market from the U.S.—China trade …
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