Rate Debate

June 10, 2024

  Markets absorbed strong employment data and finished higher last week. For the week, the S&P 500 Index was +1.4%, the Dow was +0.3%, and the NASDAQ was +2.5%. Within the S&P 500 Index, the Technology, Health Care, and Communication Services sectors led, while the Utility, Energy, and Materials sectors lagged. The 10-year U.S. Treasury …

May Flowered

June 3, 2024

  The S&P 500 Index rose 4.96% in May to recover the 4.08% decline from April. For the week, the S&P 500 Index was -0.5%, the Dow was -0.9%, and the NASDAQ was -1.4%. Within the S&P 500 Index, the Energy, Real Estate, and Utility sectors led, while the Technology, Industrial, and Health Care sectors …

Leveling Off

May 28, 2024

  Stocks leveled off last week after a multi-week advance. For the week, the S&P 500 Index was flat, the Dow was -2.3%, and the NASDAQ was +0.4%. Within the S&P 500 Index, the Technology and Communication Services sectors were the only two with a weekly advance. The Energy, Real Estate, and Financial sectors were …

Hello Summer

May 20, 2024

  Stocks advanced to new highs last week. For the week, the S&P 500 Index was +1.6%, the Dow was +1.3%, and the NASDAQ was +2.2%. Within the S&P 500 Index, the Technology, Real Estate, and Health Care sectors led the advance, while the Industrial, Consumer Discretionary, and Materials sectors lagged. The 10-year U.S. Treasury …

Bouncing Back

May 13, 2024

  Stocks advanced in a week with little major data to sway sentiment. For the week, the S&P 500 Index was +1.9%, the Dow was +2.2%, and the NASDAQ was +1.5%. Within the S&P 500 Index, the Utility, Financial, and Materials sectors led the advance, while the Consumer Discretionary, Energy, and Technology sectors lagged. The …

Cool Jobs

May 6, 2024

  A steady Federal Reserve and a moderating labor market helped stocks rise for a second consecutive week. For the week, the S&P 500 Index was +0.6%, the Dow was +1.1%, and the NASDAQ was +1.0%. Within the S&P 500 Index, the Utility, Real Estate, and Technology sectors led the advance, while the Energy, Financials, …

Fundamental Victory

April 29, 2024

  Stocks snapped their three-week losing streak on several strong earnings reports. For the week, the S&P 500 Index was +2.7%, the Dow was +0.7%, and the NASDAQ was +4.0%. Within the S&P 500 Index, the Technology, Consumer Discretionary, and Industrial sectors led the advance, while the Materials, Health Care, and Communication Services sectors trailed. …

April Showers

April 22, 2024

  Stocks continued their decline for the third consecutive week. For the week, the S&P 500 Index was -3.0%, the Dow was flat, and the NASDAQ was -5.4%. Within the S&P 500 Index, the Utility, Consumer Staples, and Financial sectors had gains for the week, while the Technology, Consumer Discretionary, and Real Estate sectors had …

Eclipsed

April 8, 2024

  Stocks were eclipsed by strong economic data to start the second quarter. For the week, the S&P 500 Index was -0.9%, the Dow was -2.2%, and the NASDAQ was -0.8%. The best performing sectors in the S&P 500 Index were the Energy, Communication Services, and Materials sectors, while the Health Care, Real Estate, and …