Better than expected Consumer Price Index data let pent up animal spirits run wild last Thursday and Friday. Stocks advanced sharply for the week with the S&P 500 +5.9%, the Dow was +4.2%, and the NASDAQ was +8.9%. The 10-year U.S. Treasury note yield decreased to 3.893% at Thursday’s close versus 4.158% the previous …
Stocks declined last week as the Federal Reserve did not indicate it was ready to cease its interest rate increase cycle. For the week, the S&P 500 was -3.3%, the Dow was -1.4%, and the NASDAQ was -5.9%. The 10-year U.S. Treasury note yield increased to 4.158% at Friday’s close versus 4.010% the previous …
Stocks have tried to come back from the dead, rallying for a second consecutive week and are on track to turn in a strong month for October. For the week, the S&P 500 was +4.0%, the Dow was +5.7%, and the NASDAQ was +2.1%. The 10-year U.S. Treasury note yield decreased to 4.010% at …
Stocks rallied on a combination of good earnings results and hope that the Fed would soon slow the pace of interest rate increases. The S&P 500 was +4.8%, the Dow was +4.9%, and the NASDAQ was +5.8%. The 10-year U.S. Treasury note yield increased to 4.212% at Friday’s close versus 4.006% the previous week. …
Stocks rallied on Thursday despite higher-than-expected Consumer Price Index (CPI) data, then fell back on Friday for a mixed finish to the week. The S&P 500 was -1.5%, the Dow was +1.2%, and the NASDAQ was -3.1%. The 10-year U.S. Treasury note yield increased to 4.006% at Friday’s close versus 3.885% the previous week. …
The equity market rebounded strongly at the start of last week but declined sharply on Friday following a stronger employment report. Despite Friday’s decline, the major markets held on to gains for the week. The S&P 500 was +1.6%, the Dow was +2.0%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield …
The equity markets closed out their third consecutive down quarter last week. For the week, the S&P 500 was -2.9%, the Dow was -2.9%, and the NASDAQ was -3.0%. The 10-year U.S. Treasury note yield increased to 3.804% at Friday’s close versus 3.697% the previous week. For the third quarter, the S&P 500 Index …
A determined Federal Reserve marching along with another 0.75% increase in short-term interest rates gave investors pause again last week. The S&P 500 was -4.6% for the week, the Dow was -4.0%, and the NASDAQ was -4.6%. The 10-year U.S. Treasury note yield increased to 3.697% at Friday’s close versus 3.447% the previous week. …
Inflationary concerns in the August Consumer Price Index (CPI) report, released last week, sent stocks lower as there is not yet sufficient data to deter the Federal Reserve from its path of increasing interest rates. The S&P 500 Index was -4.7% for the week, the Dow was -4.1%, and the NASDAQ was -5.8%. The …
Despite comments from the Federal Reserve that it would keep raising rates until the job is done on inflation, equities rallied during the short four-day trading week. The S&P 500 was +3.7% for the week, the Dow was +2.7%, and the NASDAQ was +4.1%. The 10-year U.S. Treasury note yield increased to 3.321% at …
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