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 …
Another Quarter Down
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 …
Grand Central Banking
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. …
We’re Not There Yet
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 …
Bounce
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 …
Down the Jackson Hole
Equities fell on Friday following comments from Federal Reserve Chairman Jerome Powell that the Federal Reserve plans to keep raising interest rates to bring down inflation. The S&P 500 was -4.0% for the week, the Dow was -4.2%, and the NASDAQ was -4.8%. The 10-year U.S. Treasury note yield increased to 3.087% at Friday’s …
Housing Developments
After a strong, four-week run, the market retreated last week. Weakness in housing market data, a mixed set of earnings from retailers, and commentary in the Federal Open Market Committee (FOMC) meeting minutes from July may have given some investors pause on where the economy goes from here. The S&P 500 was -1.2% for …
Flattening Prices
Markets rose last week as investors viewed the July Consumer Price Index (CPI) and Producer Price Index (PPI) reports as a sign the pace of inflation has peaked. The S&P 500 was +3.3% for the week, the Dow was +3.0%, and the NASDAQ was +2.7%. The 10-year U.S. Treasury note yield increased to 2.849% …
Summer Jobs
The S&P 500 Index had a third consecutive weekly increase, though more muted than the previous two weeks. The S&P 500 was 0.4% for the week, the Dow was -0.1%, and the NASDAQ was +2.0%. The 10-year U.S. Treasury note yield increased to 2.840% at Friday’s close versus 2.642% the previous week. Continued strength …
Dog Days
The S&P 500 Index had its first back-to-back weekly gain since the end of March. The S&P 500 Index was +4.3% for the week, the Dow was +3.0%, and the NASDAQ was +4.5%. The 10-year U.S. Treasury note yield decreased to 2.642% at Friday’s close versus 2.781% the previous week. The market shrugged off …
Taking Stock
A refocus on corporate earnings across a broad set of industries boosted equity markets last week. The S&P 500 Index was +2.6% for the week, the Dow was +2.0%, and the NASDAQ was +3.4%. The 10-year U.S. Treasury note yield decreased to 2.781% at Friday’s close versus 2.930% the previous week. The next Federal …
Earnings Splash
The equity markets appeared to be headed for a dismal week following back-to-back inflationary Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Friday’s rally reduced most of the week’s decline. The S&P 500 Index was -0.9% for the week, the Dow was -0.2%, and the NASDAQ was -1.2%. The 10-year U.S. Treasury …
Earnings Horizon
The equity markets started the new quarter with a weekly increase. The S&P 500 Index was +2.0% for the week, the Dow was +0.8%, and the NASDAQ was +4.7%. The 10-year U.S. Treasury note yield increased to 3.101% at Friday’s close versus 2.904% the previous week. The labor market has been resilient. The June …
Halftime
The S&P 500 Index limped into the end of the quarter on Thursday, then staged a small, late-day rally on the first day of the new quarter ahead of the holiday weekend. The S&P 500 ended the week -2.2%, the Dow was -1.3%, and the NASDAQ was -4.3%. For the half-year ending June 30th, …
Super Market
The S&P 500 Index rallied last week as investors became more comfortable with the Fed’s plan to stem the pace of inflation. The S&P 500 ended the week +6.5%, the Dow was +5.4%, and the NASDAQ was +7.5%. The 10-year U.S. Treasury note yield decreased to 3.138% at Friday’s close versus 3.231% the previous …
Solstice
The S&P 500 Index fell again last week as the Federal Reserve continued to tighten monetary policy. The S&P 500 ended the week -5.7%, the Dow was -4.7%, and the NASDAQ was -4.8%. The 10-year U.S. Treasury note yield increased to 3.231% at Friday’s close versus 3.165% the previous week. The Federal Open Market …
Inflation Concerns Persist
The S&P 500 Index fell sharply to end the week. Investors went on the defensive after the May Consumer Price Index (CPI) reading indicated that most major categories of inflation have not slowed their ascent. The S&P 500 ended the week -5.0%, the Dow was -4.6%, and the NASDAQ was -5.7%. The 10-year U.S. …
Tightening
The S&P 500 Index had a small relapse last week after its big advance the week prior. The S&P 500 ended the week -1.2%, the Dow was -0.8%, and the NASDAQ was -1.0%. The 10-year U.S. Treasury note yield increased to 2.941% at Friday’s close versus 2.743% the previous week. As reflected in the …