Weekly Market Update – March 13, 2023
Last week, the stock market experienced a significant amount of volatility. This was due in part to a variety of political and economic news and events that occurred during the week of March 6-10, 2023.
One of the biggest factors affecting the market was the ongoing tensions between the United States and China. This led to a series of retaliatory measures from both sides, including tariffs and other trade restrictions. These actions had a negative impact on many companies that rely heavily on trade with China, as well as those that do business with Chinese companies.
Read MoreWeekly Market Update – March 6, 2023
The stock market had a lot of action during the week of February 27 to March 3, 2023, with a mix of positive and negative news affecting various sectors.
On Monday, March 27, the market opened lower due to concerns about rising inflation and a potential interest rate hike. However, it quickly rebounded as investors focused on positive news from the technology sector. Tesla announced plans to build a new factory in Texas, while Alphabet revealed a new advertising partnership with Amazon. These announcements helped to boost tech stocks and the overall market.
Read MoreWeekly Market Update – February 27, 2023
So, let me tell you about what happened in the stock market last week. It was quite a rollercoaster ride, with a lot of news impacting the market.
First off, we saw a big dip in the market on Monday. That was mostly due to concerns about rising inflation and interest rates. The Fed has been talking about potentially raising rates, which would make borrowing more expensive and slow down economic growth. Investors were also worried about the impact of rising energy prices and supply chain disruptions, which could lead to higher prices for consumers.
Weekly Market Update – February 21, 2023
The S&P 500 and Dow Jones Industrial Average both ended the week lower as investors reacted to a mixed bag of economic data and comments from several Federal Reserve officials. Specifically, concerns about rising inflation, coupled with comments from Fed officials indicating that they may support more aggressive rate hikes, fueled worries that the Fed may need to raise interest rates more than previously expected.
Read MoreWeekly Market Update – February 13, 2023
U.S. Markets: The major U.S. market indexes ended the week lower amid a relatively light week of economic reports. The Dow Jones Industrial Average pulled back just 57 points to 33,869, a decline of -0.2%. After five consecutive weeks of positive closes, the technology-heavy NASDAQ Composite gave back some of its gains by closing down -2.4%. By market cap, the large cap S&P 500 retreated -1.1%, while the mid cap S&P 400 gave up -2.5% and the small cap Russell 2000 fared the worst of the major indexes, declining -3.4%.
Read MoreWeekly Market Update – February 6, 2023
U.S. Markets: Most of the major U.S. stock market benchmarks extended their winning streaks into February, helped by some upside surprises in economic data and fourth-quarter earnings reports. The S&P 500 index reached an intraday high of 4,195 this week, its best level since late August. The narrowly-focused Dow Jones Industrial Average shed 52 points last week closing at 33,926—a decline of -0.2%. However, the technology-heavy NASDAQ Composite tacked on its fifth consecutive week of gains rising an additional 3.3%. By market cap, the large cap S&P 500 finished the week up 1.6%, while the mid-cap S&P 400 added 3.4% and the small cap Russell 2000 closed up 3.9%.
Read MoreWeekly Market Update – January 30, 2023
U.S. Markets: U.S. stocks resumed their winning streak, as investors appeared to welcome economic data that supported hopes of a “soft landing”. The Dow Jones Industrial Average rose over 600 points finishing the week at 33,978, a gain of 1.8%. The technology-heavy NASDAQ composite notched its fourth consecutive week of gains, rising 4.3% to 11,622. By market cap, the large cap S&P 500 rose 2.5%, while the mid cap S&P 400 and small cap Russell 2000 each added 2.4%.
Read MoreWeekly Market Update – January 23, 2023
U.S. Markets: The major U.S. indexes finished the week mixed as recession fears appeared to weigh on sentiment. The narrowly focused Dow Jones Industrial Average performed worst and gave back a portion of its strong rally in the first two weeks of the year, while the technology-heavy Nasdaq Composite recorded a modest gain. The Dow Jones Industrial Average fell over 900 points last week to finish the week at 33,375—a decline of -2.7%. The Nasdaq finished the week up 0.6% recording its third consecutive week of gains. By market cap, the large cap S&P 500 ended the week down ‑0.7%, while the mid cap S&P 400 retreated -0.9% and the small cap Russell 2000 ended the week down ‑1%.
Read MoreWeekly Market Review – January 17, 2023
U.S. Markets: U.S. stocks recorded a second consecutive week of gains as investors weighed key inflation data and the start of the quarterly earnings reporting season. The NASDAQ Composite and growth-oriented sectors outperformed, helped by rebounds in some mega-cap technology names including Amazon, Tesla, and Microsoft. The Dow Jones Industrial Average rose 2.0% last week, finishing the week at 34,303. The technology-heavy NASDAQ Composite made up some lost ground by rallying 4.8%. By market cap, the large cap S&P 500 added 2.7%, the mid cap S&P 400 gained 3.7% and the small cap Russell 2000 fared the best rallying 5.3%.
Read MoreWeekly Market Review – January 9, 2023
U.S. Markets: An encouraging U.S. jobs report sparked a rally on Friday that helped 2023 begin on a positive note. All of the major indexes finished the week in the green. The Dow Jones Industrial Average added 483 points, finishing the week at 33,631—a gain of 1.5%. The technology-heavy NASDAQ Composite finished up for the first time in the last five weeks, adding 1.0%. By market cap, the large cap S&P 500 rose 1.4%, the mid cap S&P 400 finished up 2.5% and the small cap Russell 2000 gained 1.8%.
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