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 …
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 …
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 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. …
The S&P 500 Index ended the week -2.6%, the Dow was -1.2%, and the NASDAQ was +0.1%. The 10-year U.S. Treasury note yield decreased to 3.446% at Friday’s close versus 3.452% the previous week. As expected, the Federal Reserve raised the Fed funds rate by 0.25% to a 5.00% to 5.25% range. It left …
The S&P 500 Index ended the week +0.9%, the Dow was +0.9%, and the NASDAQ was +1.9%. The 10-year U.S. Treasury note yield decreased to 3.452% at Friday’s close versus 3.572% the previous week. Regulators closed First Republic Bank over the weekend and sold all of its deposits and most of its assets to …
Despite the rush of individual company earnings reports, the equity markets stayed nearly flat for the week. The S&P 500 Index ended the week -0.1%, the Dow was -0.2%, and the NASDAQ was -0.6%. The 10-year U.S. Treasury note yield increased to 3.572% at Friday’s close versus 3.552% the previous week. First quarter earnings …
The first quarter earnings season is underway. Several of the large banks reported at the end of last week. This week we will hear from a larger and more diversified group of companies. This should keep the focus on individual company fundamentals for the next few weeks leading up to the next Federal Open …
April is off to a modest start in the equity markets. The S&P 500 Index ended the holiday shortened week -0.1%, the Dow was +0.7%, and the NASDAQ was -0.9%. The 10-year U.S. Treasury note yield decreased to 3.383% at Friday’s close versus 3.490% the previous week. The March employment report showed 236,000 new …
Earlier last month we mentioned March had come in like a lion. Then came the banking crisis. As the crisis began to resolve, investor confidence returned and March went out like a lion. The S&P 500 Index ended the last week of March +3.5%, the Dow was +3.2%, and the NASDAQ was +3.3%. The …
The equity markets rose last week as some stability returned to the banking system and the Federal Reserve signaled it was nearing the final increases in its monetary policy tightening cycle. The S&P 500 Index ended the week +1.4%, the Dow was +1.2%, and the NASDAQ was +2.0%. The 10-year U.S. Treasury note yield …
The equity markets fell sharply at the end of last week prompted by stability concerns in the banking sector after the closure of Silicon Valley Bank. The S&P 500 Index ended the week -4.5%, the Dow was -4.3%, and the NASDAQ was -3.7%. The 10-year U.S. Treasury note yield decreased to 3.695% at Friday’s …
The equity markets have gotten off to a good start for March. Last week, the S&P 500 Index was +2.0%, the Dow was +1.9%, and the NASDAQ was +2.7%. The 10-year U.S. Treasury note yield increased to 3.963% at Friday’s close versus 3.949% the previous week. Comments from Federal Reserve officials that the Federal …
The equity markets have gone cold in February with the S&P 500 Index declining for three consecutive weeks. Last week, the S&P 500 Index was -2.7%, the Dow was -3.0%, and the NASDAQ was -3.1%. The 10-year U.S. Treasury note yield increased to 3.949% at Friday’s close versus 3.828% the previous week. The January …
Higher than expected inflation reports struck a cautionary tone in equities last week. The S&P 500 Index was -0.2%, the Dow was flat, and the NASDAQ was +0.5%. The 10-year U.S. Treasury note yield increased to 3.828% at Friday’s close versus 3.743% the previous week. The January Consumer Price Index (CPI) and Producer Price …
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