While it apparently took a day to take effect, the Fed’s decision to reduce the target range for the federal funds rate by 50 basis points quelled the massive rush to sell stocks and brought some investors back to the market. Following losses earlier in the week, the benchmark indexes surged with the Dow gaining […]
MARKET WATCH: MARCH 9, 2020 Read More »
The Markets (as of market close February 28, 2020) Panicked investors continued a major sell-off last week, pushing stocks to double-digit losses. Fears of a major global economic impact increased as the coronavirus continued to spread across multiple countries. By the end of last week, each of the major benchmark indexes listed here fell by
MARKET WATCH: MARCH 2, 2020 Read More »
The Markets (as of market close February 21, 2020) The run of positive weekly market gains ended last week as each of the benchmark indexes listed here lost value. The spread of the coronavirus from China to other countries has investors worried about the impact on global economies. Tech stocks were hit hard as the
MARKET WATCH: FEBRUARY 24, 2020 Read More »
The Markets (as of market close February 14, 2020) Despite the ongoing battle against the coronavirus, stocks reached record highs last week. Solid economic data, strong retail sales, and favorable corporate earnings reports helped quell investors’ fears that the spread of the dreaded coronavirus would impact global economies. Each of the benchmark indexes listed here
MARKET WATCH: FEBRUARY 18, 2020 Read More »
The Markets (as of market close February 7, 2020) Stocks rebounded and long-term bond yields rose last week amid reports of China’s plans to cut tariffs on some American imports. The S&P 500, Dow, and Nasdaq reached all-time highs during the week, and global stocks soared. Also helping push stocks higher was a round of
MARKET WATCH: FEBRUARY 10, 2020 Read More »
The Markets (as of market close January 31, 2020) Investors continue to be rattled by the growing concern over the spread of the coronavirus, pulling money from stocks for the second week in a row. Each of the benchmark indexes listed here fell, led by the small caps of the Russell 2000, which lost close
MARKET WATCH: FEBRUARY 3, 2020 Read More »
The Markets (as of market close January 24, 2020) Last week proved to be a tough one for the market as each of the benchmark indexes listed here lost value. Concern over the possible spread of the coronavirus from China apparently provided the impetus for investors to pull away from stocks. Long-term bond prices soared,
MARKET WATCH: JANUARY 27, 2020 Read More »
The Markets (as of market close January 17, 2020) Each of the benchmark indexes listed here enjoyed strong gains last week, led by the Russell 2000, which climbed 2.53% to push its year-to-date gains to nearly 2.0%. The Dow has posted weekly gains for five of the last six weeks, the S&P 500 advanced for
MARKET WATCH: JANUARY 21, 2020 Read More »
The Markets (as of market close January 10, 2020) Last Friday’s jobs report was a mixed bag of information. While 145,000 new jobs were added and the unemployment rate remained at 3.5%, wage growth was tepid in December to cap off a year of only moderate wage growth. This information, coupled with news that the
MARKET WATCH: JANUARY 13, 2020 Read More »
The Markets (as of market close January 3, 2020) A strong start last week for the benchmark indexes listed here was wiped out by rising tensions in the Middle East. Only the Nasdaq was able to close slightly higher last week as the other benchmark indexes listed here closed the week in the red. Both
MARKET WATCH: JANUARY 6, 2020 Read More »
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