Weekly Market Update – May 16, 2022
U.S. Markets: Despite an end-of-week rally, the major U.S. equity benchmarks recorded another week of losses. It marked the sixth consecutive weekly decline for the both the S&P 500 index and the Nasdaq Composite, and the seventh for the Dow Jones Industrial Average—its longest stretch since 2001. At its lows on Thursday, the S&P 500 was down nearly 18% from its peak, just above the -20% threshold that commonly defines a bear market. The Dow Jones Industrial Average shed 703 points finishing the week at 32,197—a decline of -2.1%. The technology-heavy NASDAQ Composite retreated ‑2.8% to close at 11,805. By market cap, the large cap S&P 500 retreated -2.4%, the mid cap S&P 400 declined -2.0%, and the small cap Russell 2000 gave up -2.5%.
Read MoreWeekly Market Update – May 9, 2022
U.S. Markets: Most of the major U.S. benchmark equity indexes suffered a fifth consecutive week of losses as interest rates and inflation worries continued to weigh on sentiment. The selling briefly pushed the Dow Jones Industrial Average into “correction” territory, down 10% from its recent highs. After a volatile week, with back-to-back swings of more than 900 points, the Dow finished down just -0.2% to 32,899. The technology-heavy NASDAQ Composite fared the worst of the bunch giving up -1.5% to 12,145. By market cap, the large cap S&P 500 ticked down -0.2%, while the mid cap S&P 400 declined -0.8% and the small-cap Russell 2000 finished down -1.3%.
Read MoreWeekly Market Update – May 2, 2022
U.S. Markets: The major U.S. market indexes endured a fourth consecutive week of losses as fears of slowing growth were compounded by disappointing earnings from some market heavyweights like Amazon. The benchmark S&P 500 index fell further into correction territory, now down about 14% from its recent peak, while the technology-heavy Nasdaq Composite and small-cap Russell 2000 Index fell further into their respective bear markets, down roughly 24% from their highs. For the week, the Dow Jones Industrial Average shed 834 points, closing at 32,977, a decline of -2.5%. The Nasdaq Composite declined -3.9% finishing the week at 12,335. By market cap, the large cap S&P 500 gave up ‑3.3%, while the mid-cap S&P 400 fell -3.2%. The small-cap Russell 2000 closed down -3.9%.
Read MoreWeekly Market Update – April 25, 2022
U.S. Markets: The major U.S. equity indexes ended the week lower with particularly steep losses on Friday. The Russell 1000 Growth Index stocks gave up more ground than their Value counterparts, while the large cap S&P 500 Index posted steeper losses than its smaller-cap brethren. The Dow Jones Industrial Average shed 640 points this week, closing at 33,811—a decline of -1.9%. The technology-heavy NASDAQ Composite declined for a third consecutive week falling ‑3.8%. By market cap, the S&P 500 ended down -2.8%, while the midcap S&P 400 gave up -1.7% and the small cap Russell 2000 ended the week down -3.2%.
Read MoreWeekly Market Update – April 18, 2022
U.S. Markets: The major U.S. indexes ended the week mixed in the first week of major corporate earnings reports for 2022. Value stocks continued to outperform their growth counterparts, while small-caps outpaced large caps. The Dow Jones Industrial Average shed 270 points finishing the week at 34,451—a decline of -0.8%. The technology-heavy NASDAQ Composite fell a second week, falling -2.6% to 13,351. By market cap, the large cap S&P 500 declined -2.1%, while the mid cap S&P 400 and small cap Russell 2000 indexes finished up 0.4% and 0.5%, respectively.
Read MoreWeekly Market Update – April 11, 2022
U.S. Markets: The major U.S. indexes finished the week lower with small caps and growth stocks lagging considerably. Sector performance varied widely within the S&P 500 Index, with the typically defensive consumer staples and health care sectors recording solid gains, while information technology, communication services, and consumer discretionary shares registered steep losses. The Dow Jones Industrial Average shed 97 points to finish the week at 34,721. The technology-heavy NASDAQ Composite declined -3.9% to 13,711, giving up its last two weeks of gains. By market cap, the large cap S&P 500 ended down -1.3%, while the mid cap S&P 400 declined -3.4% and the small-cap Russell 2000 dropped -4.6%.
Read MoreWeekly Market Update – April 4, 2022
U.S. Markets: The major U.S. indexes ended the week mixed, with stock prices fluctuating over the week in apparent response to the evolving situation in the war in Ukraine. The Dow Jones Industrial Average ticked down just -0.1% to 34,818, while the NASDAQ finished the week up 0.7% to 14,262. The large cap S&P 500 ticked up 0.1%, mid caps ticked down -0.1% and the small cap Russell 2000 finished the week up 0.6%.
Read MoreWeekly Market Update – March 28, 2022
U.S. Markets: The major U.S. benchmarks ended the week mostly higher, with the large cap S&P 500 index hitting its highest level since February 10. The Dow Jones Industrial Average rose 0.3% to close at 34,861, while the technology‑heavy NASDAQ Composite rallied 2.0% to 14,169. By market cap, the S&P 500 added 1.8%, while the mid‑cap S&P 400 ticked up 0.2%. The small cap Russell 2000, however, bucked the trend and shed -0.4%.
Read MoreWeekly Market Update – March 21, 2022
U.S. Markets: U.S. stocks moved sharply higher for the week, ending a two-week losing streak and reclaiming much of the ground lost over the past month. Gains were spread across the major indexes, with the tech-heavy Nasdaq Composite staging the biggest rally. The Dow Jones Industrial Average rallied 1,811 points, finishing the week at 34,755—a gain of 5.5%, while the NASDAQ Composite surged 8.2% closing at 13,894. By market cap, the large cap S&P 500 rallied 6.2%, while the mid cap S&P 400 gained 5.3%. The small cap Russell 2000 ended the week up 5.4%.
Read MoreWeekly Market Update – March 14, 2022
U.S. Markets: The major U.S. equity benchmarks moved lower for a second week in extremely volatile trading. The Dow Jones Industrial Average shed 671 points finishing the week at 32,944, a decline of -2%. At its low point this week, the large cap S&P 500 was roughly 14% off its high. At its intraday low on Tuesday, the technology-heavy NASDAQ Composite fell into “bear market” territory, defined as a 20% decline below its recent peak. The NASDAQ fell a further -3.5% last week, following a -2.8% decline the week before. By market cap, the large cap S&P 500 declined ‑2.9%, the mid cap S&P 400 ended the week down -1.7%, and the small cap Russell 2000 closed down ‑1.1%.
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