The equity market rally following the Federal Reserve’s monetary policy decision looked to be a false start after the market gave up the gain the following day and stocks closed lower for the week. The S&P 500 ended the week -0.2%, the Dow was -0.2%, and the NASDAQ was -1.2%. The 10-year U.S. Treasury …
Mixed earnings and anticipation of tighter monetary policy leading up to this week’s Federal Reserve meeting sent stocks down last week. The S&P 500 ended the week -3.3%, the Dow was -2.5%, and the NASDAQ was -3.8%. The 10-year U.S. Treasury note yield increased to 2.938% at Friday’s close versus 2.905% the previous week. …
A relatively good week for corporate earnings was overshadowed by Federal Reserve jawboning pointing to an almost certain 0.50% rate increase at the May Federal Open Market Committee (FOMC) meeting. The S&P 500 ended the week -2.7%, the Dow was -1.8%, and the NASDAQ was -3.9%. The 10-year U.S. Treasury note yield increased to …
A mixed start to first quarter earnings reporting and two key inflation reports sent equity markets lower last week. The S&P 500 Index ended the week -2.1%, the Dow was -0.8%, and the NASDAQ was -3.0%. The 10-year U.S. Treasury note yield increased to 2.828% at Thursday’s close versus 2.704% the previous week. The …
The Federal Reserve’s plan to aggressively stem inflation pressured equity markets last week. The S&P 500 ended the week -1.2%, the Dow was -0.2%, and the NASDAQ was -3.6%. The 10-year U.S. Treasury note yield increased to 2.704% at Friday’s close versus 2.390% the previous week. The rise in the 10-year Treasury yield returned …
This week ended the first negative quarter for the equity markets since the onset of COVID which caused a decline in the first quarter of 2020. The S&P 500 Index has produced three consecutive positive weekly returns since the quarter lows in early March. The S&P 500 ended the week +0.1%, the Dow was …
Equity market investors appear to be learning how to live with higher interest rates and prospects for a drawn-out engagement between Russia and Ukraine. The S&P 500 Index ended the week +1.8%, the Dow was +0.3%, and the NASDAQ was +2.3%. The 10-year U.S. Treasury bond yield increased to 2.488% at Friday’s close versus …
Fear may have peaked last week, and investor risk appetite may have been reinvigorated, as the Federal Reserve laid out a clear tightening plan tied to combating high inflation and optimism about the economy. The S&P 500 Index ended the week +6.2%, the Dow was +5.5%, and the NASDAQ was +8.4%. It was the …
Geopolitical events continued to dominate headlines last week along with the economic realities of gasoline averaging over $4.00/gallon nationwide for the first time in history. The S&P 500 Index ended the week -2.8%, the Dow was -1.9%, and the NASDAQ was -3.9%. The 10-year U.S. Treasury bond yield increased to 1.997% at Friday’s close …
Russia’s continued advance into Ukraine caused a market decline for the week, despite a strong employment report for February and comments from Fed Chair Jerome Powell that he supports a 0.25% increase in the Fed funds rate this month rather than 0.50%. The S&P 500 Index ended the week -1.2%, the Dow was -1.2%, …
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