Key Dates/Data Releases – 4/1: Markit PMI, ISM PMI, 4/2: International trade in goods and services, 4/3: Employment situation, ISM Non-Manufacturing PMI The Markets (as of market close March 27, 2020) Stocks opened the week as they closed the previous one — in a tailspin. However, aggressive moves by the Federal Reserve late in the […]
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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
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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
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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 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
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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
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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
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The Markets (as of market close December 27, 2019) The holiday spirit, coupled with renewed optimism on the trade front, helped propel stocks higher last week. The tech-heavy Nasdaq outperformed the other benchmark indexes listed here, crossing the 9000 plateau for the first time ever. News that the signing of the Phase One trade agreement
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The Markets (as of market close December 13, 2019) Positive developments finally arrived in the ongoing trade war between the United States and China. Last Friday, President Trump announced phase one of a trade deal with China. The president indicated that he would forgo the imposition of tariffs scheduled for December 15 and reduce existing
MARKET WATCH: DECEMBER 16, 2019 Read More »
The Markets (as of market close December 6, 2019) Market performance was uneven last week, culminating in some of the benchmark indexes closing in the black while a few lost value by week’s end. A strong jobs report and guarded optimism that progress will continue toward a resolution to the U.S./China trade war helped push
MARKET WATCH: DECEMBER 9, 2019 Read More »
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