Despite generally positive corporate earnings reports, the equity markets were flattish last week on concerns surrounding proposals from the White House for higher capital gains taxes. Of the 123 companies in the S&P 500 Index that have reported earnings to date for Q1, 85.4% have reported earnings above analyst estimates. This compares to a …
The equity markets responded positively to the first week of first quarter earnings. Of the 44 companies in the S&P 500 Index that have reported earnings to date for the first quarter, 84.1% have reported earnings above analyst estimates. The Dow Jones Industrial Average closed the week +1.2%, the S&P 500 Index was +1.4% …
Over 20% of the U.S. population has been fully vaccinated for COVID-19. The economy has been looking up and the Federal Reserve is being patient with interest rates. Fed Chair Jerome Powell also expressed a positive view of the economy in an interview that was aired on Sunday, but also said it is highly …
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 …
Stocks backed-off all-time highs last week as renewed concerns of increasing COVID case loads and restrictions in high-risk states pulled against investor optimism of vaccines on the way. The Dow Jones Average and S&P 500 Index declined 0.7% and the NASDAQ 100 Index declined 0.2%. With 474 of 500 companies in the S&P 500 …
Following a strong post-election day rally the week prior, the S&P 500 Index (+2.2%) and Dow Jones Industrial Average (+4.2%) followed with a second week of gains while the NASDAQ 100 Index retreated modestly (-1.3%). Much of the differential in performance was driven by sentiment that a potential COVID vaccine was imminent which boosted …
A strong post-election day rally boosted the major equity indices last week. The NASDAQ 100 Index was +9.4%, the S&P 500 Index was +7.4%, and the Dow Jones Industrial Average was +6.9%. The Federal Reserve’s Federal Open Market Committee kept short-term interest rates steady in its 0% to 0.25% target range. The FOMC acknowledged …
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