Weekly Market Update – September 6, 2022
U.S. Markets: Major U.S. stock indexes finished the week lower as investors continued to digest the implications of hawkish messages from Federal Reserve officials. The S&P 500 Index extended the daily losing streak that began with Fed Chair Jerome Powell’s August 26 speech at the central bank’s Jackson Hole conference. The Dow Jones Industrial Average ended the week down 965 points to 31,318 – a decline of -3.0%. The technology-heavy NASDAQ Composite gave up -4.2% to 11,631. By market cap, the large cap S&P 500 retreated -3.3%, the mid cap S&P 400 fell 4.3% and the small cap Russell 2000 declined -4.7%.
Read MoreWeekly Market Update – August 29, 2022
U.S. Markets: U.S. stocks moved sharply lower as investors became less optimistic that the Federal Reserve will be able to tame inflation without causing a significant economic slowdown. The Dow Jones Industrial Average gave up over 1400 points finishing the week at 32,283—a decline of -4.2%. Technology and high-growth stocks fared the worst with the tech-heavy Nasdaq Composite falling -4.4% to its lowest level in a month. By market cap, the large cap S&P 500 declined -4.0%, while the mid cap S&P 400 declined -3.0% and the small cap Russell 2000 ended the week down ‑2.9%.
Read MoreWeekly Market Update – August 22, 2022
U.S. Markets: U.S. stocks gave back a portion of last week’s strong gains after St. Louis Fed President James Bullard, typically a “hawkish” policymaker, appeared to dampen hopes that inflationary pressures had peaked. “The idea that inflation has peaked is…not statistically really in the data at this point,” Bullard asserted in an interview. The Dow Jones Industrial Average declined 54 points finishing the week at 33,707, a decline of -0.2%. The technology-heavy NASDAQ Composite retreated -2.6% to 12,705. By market cap, the large cap S&P 500 declined -1.2%, the S&P 400 mid-caps retreated -1.4%, and the small cap Russell 2000 fared the worst, ending the week down -2.9%.
Read MoreWeekly Market Update – August 15, 2022
U.S. Markets: U.S. stocks rallied after data showed signs that inflation had started to slow, supporting the view that the rise in the consumer prices may have peaked. Federal Reserve officials reiterated that the central bank still had work to do in taming inflation, but the market nonetheless appeared to lower its expectations for a 75-basis-point (0.75%) rate hike in September. The Dow Jones Industrial Average finished the week up 958 points, finishing at 33,761, a gain of 2.9%. The technology-heavy NASDAQ Composite rallied 3.1% to close at 13,047. By market cap, the large cap S&P 500 added 3.3%, while the mid cap S&P 400 surged 4.4% and the small cap Russell 2000 finished the week up 4.9%.
Read MoreWeekly Market Update – August 1, 2022
U.S. Markets: U.S. stock benchmarks posted solid gains, despite another hike in interest rates and data showing the economy contracted for a second quarter. A “bad news is good news” dynamic seems to be in play, with investors betting that poor economic news may allow the Federal Reserve to return to a relatively easy monetary policy. The Dow Jones Industrial Average rose 946 points finishing the week at 32,845—a gain of 3.0%. Similarly, the technology-heavy Nasdaq Composite rallied 4.7% closing at 12,391. By market cap, the large cap S&P 500 and small cap Russell 2000 each rose 4.3% while the mid cap S&P 400 gained 4.8%.
Read MoreWeekly Market Update – July 25, 2022
U.S. Markets: Equity markets carried over their momentum from the end of last week as investors welcomed signs of fading inflationary pressures and decent corporate earnings. Small-cap stocks and the technology-heavy NASDAQ Composite outperformed the other indices. The Dow Jones Industrial Average added 611 points finishing the week at 31,899—a gain of 2%. The NASDAQ retraced all of last week’s decline and then some closing up 3.3% to 11,834. By market cap, the large cap S&P 500 gained 2.5%, while the mid cap S&P 400 rallied 4% and the small cap Russell 2000 ended the week up 3.6%.
Read MoreWeekly Market Update – July 18, 2022
U.S. Markets: Stocks remained volatile in relatively light trading, as investors absorbed inflation data and the beginning of second-quarter corporate earnings reports. The Dow Jones Industrial Average ticked down -0.2% to 31,288, while the technology-heavy NASDAQ Composite declined -1.6% to 11,452. By market cap the large cap S&P 500 declined -0.9%, while the mid cap S&P 400 gave up -0.7% and the small cap Russell 2000 ended the week down ‑1.4%.
Read MoreWeekly Market Update – July 11, 2022
U.S. Markets: U.S. equities erased much the previous week’s losses on optimism that the Federal Reserve will be able to slow inflation without tipping the economy into recession. The gains pulled the benchmark S&P 500 index out of bear market territory, leaving it down 19.1% from its January peak. The Dow Jones Industrial Average retraced most of last week’s decline, rising 0.8% to 31,338. The technology-heavy NASDAQ Composite rallied 4.6% and finished at 11,635. By market cap, the large cap S&P 500 added 1.9% while the mid cap S&P 400 and small cap Russell 2000 gained 1.1% and 2.4%, respectively.
Read MoreWeekly Market Update – July 5, 2022
U.S. Markets: Signs that inflation may be moderating amid slowing growth fueled stocks to a sharp rally this week, lifting the benchmark S&P 500 back out of bear market territory. Nearly every sector in the index recorded strong gains, except energy. The Dow Jones Industrial Average surged over 1600 points last week finishing at 31,501—a gain of 5.4%. The technology-heavy NASDAQ Composite jumped 7.5% to 11,608. By market cap, the large cap S&P 500 rallied 6.4%, while the mid cap S&P 400 gained 5.1% and the small cap Russell 2000 jumped 6.0%.
Read MoreWeekly Market Update – June 27, 2022
U.S. Markets: Signs that inflation may be moderating amid slowing growth fueled stocks to a sharp rally this week, lifting the benchmark S&P 500 back out of bear market territory. Nearly every sector in the index recorded strong gains, except energy. The Dow Jones Industrial Average surged over 1600 points last week finishing at 31,501—a gain of 5.4%. The technology-heavy NASDAQ Composite jumped 7.5% to 11,608. By market cap, the large cap S&P 500 rallied 6.4%, while the mid cap S&P 400 gained 5.1% and the small cap Russell 2000 jumped 6.0%.
Read More