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 financial headlines were packed last week with earnings results, short squeezes, and vaccine news. The end results left all major U.S. market averages in the red for the week. The Dow Jones Industrial Average, S&P 500 Index, and NASDAQ 100 Index were all down 3.3%. We are almost halfway through the fourth quarter …
The stock market rebounded last week. For the week, the Dow Jones Industrial Average was +0.6%, the S&P 500 Index was +2.0%, and the NASDAQ 100 Index was +4.4%. The flurry of fourth quarter earnings reports continue this week with 120 companies in the S&P 500 Index scheduled to report earnings. Of the 66 …
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 world bid farewell to the disruptive year of 2020 and an optimistic hello to 2021. All the uncertainty hasn’t disappeared simply because of the calendar transition, but there is a sense of optimism that 2021 will be a year of positive improvement in the economy, social and family interaction, and healthcare regarding COVID. …
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 initial rollout of an approved coronavirus vaccine helped boost markets last week, though a failure to reach an agreement on a stimulus plan by week’s end closed the week on a down note. The stimulus plan appears to have been resolved during weekend negotiations and a vote is set for as early as …
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%. …
Fresh talk of a potential stimulus bill carried the equity markets into record territory at week’s end. The Dow Jones Industrial Average was +1.2%, the S&P 500 Index was +1.7%, and the NASDAQ 100 Index was +2.2%. The November employment report showed 245,000 new jobs created versus 610,000 in October. The deceleration in job …
The Thanksgiving week mood in the market was generally positive. The Dow Jones Average was +2.2%, the S&P 500 Index was +2.3%, and the NASDAQ 100 Index was +3.0%. As we head into the last month of 2020, investors are likely to continue the focus on the optimism of COVID-19 vaccine distribution and their …
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