Weekly Market Update – January 24, 2022
U.S. Markets: Rising interest rates and concerns over slowing economic growth pushed the benchmark S&P 500 index to its biggest decline in more than 14 months. The Dow Jones Industrial Average fell for a third consecutive week shedding 1,646 points and finishing the week at 34,265—a decline of -4.6%. The technology-heavy NASDAQ Composite slumped 7.6%–its biggest weekly drop since the start of the pandemic. By market cap, the large cap S&P 500 declined -5.7%, while the mid cap S&P 400 pulled back -6.8%. The small cap Russell 2000 finished the week down ‑8.1%.
Read MoreWeekly Market Update – January 17, 2022
U.S. Markets: The major U.S. indexes recorded their second consecutive week of losses to start the year and the technology-heavy NASDAQ Composite its third. The Dow Jones Industrial Average fell -320 points to close at 35,912—a decline of -0.9%. The NASDAQ Composite ended the week down -0.3% to 14,894. By market cap, the large cap S&P 500 gave up -0.3%, the mid cap S&P 400 shed -0.4% and the small cap Russell 2000 finished down -0.8%.
Read MoreWeekly Market Update – January 10, 2022
U.S. Markets: U.S. stocks continued pulling away from their record highs as significantly higher interest rates took a toll on growth and technology stocks. The technology-heavy NASDAQ Composite shed over 700 points finishing the week at 14,936—a decline of -4.5%. The Dow Jones Industrial Average held up the best giving up just 0.3% and closing at 36,232. By market cap, the large cap S&P 500 closed down -1.9%, while the mid cap S&P 400 shed -1.7%. The small cap Russell 2000 ended the week down -2.9%.
Read MoreWeekly Market Update – January 3, 2022
U.S. Markets: Most of the major U.S. indexes recorded gains for the week, as a “Santa Claus rally” lifted the S&P 500 index to record highs. The Dow Jones Industrial Average rose 388 points in the last week of 2021 finishing the year at 36,388—a gain of 1.1%. The technology-heavy NASDAQ Composite lagged and ticked down -0.1% to 15,645. By market cap, the large cap S&P 500 rose 0.9%, the mid cap S&P 400 added 1.7%, and the small cap Russell 2000 gained 0.2%.
Read MoreWeekly Market Update – December 27, 2021
U.S. Markets: U.S. stocks rebounded from the losses of the previous on signs that the Omicron variant of the coronavirus may not be as disruptive as feared. Trading volumes were low ahead of the Christmas holiday. The Dow Jones Industrial Average surged 585 points finishing the week at 35,950—a gain of 1.7%. The technology-heavy NASDAQ Composite retraced all of last week’s decline and then some by rising 3.2% to 15,653. By market cap, the large cap S&P 500 rose 2.3%, while the mid-cap S&P 400 added 2.5%. The small cap Russell 2000 finished the week up 3.1%.
Read MoreWeekly Market Update – December 20, 2021
U.S. Markets: U.S. stocks ended the week to the downside as global inflationary pressures forced central banks to either reduce their stimulus or begin tightening. Furthermore, fears over the impact of the latest ‘Omicron’ variant of the coronavirus weighed on sentiment. Volatility to end the week was partly due to “quadruple witching,” or the expiration of four types of options and futures contracts on Friday. The technology-heavy NASDAQ Composite led the way to the downside, declining -2.9% on the week to 15,170. The Dow Jones Industrial Average shed 606 points finishing at 35,365 – a -1.7% decline. By market cap, the large cap S&P 500 and mid cap S&P 400 each gave up -1.9%, while the small cap Russell 2000 ended the week down -1.7%.
Read MoreWeekly Market Update – December 13, 2021
U.S. Markets: The benchmark S&P 500 Index hit new highs last week as fears of the virulence of the latest COVID-19 ‘Omicron’ variant subsided. The Dow Jones Industrial Average rallied over 1,390 points to finish the week at 35,971–a gain of 4.0%. The technology-heavy NASDAQ Composite rallied 3.6% closing at 15,631. By market cap, the large cap S&P 500 finished the week up 3.8%, while the mid cap S&P 400 added 2.9%. The small cap Russell 2000 was the laggard finishing up 2.4%.
Read MoreWeekly Market Update – December 6, 2021
U.S. Markets: All of the major U.S. indexes finished the week to the downside. The Dow Jones Industrial Average fell 319 points finishing the week at 34,580—a decline of -0.9%. The technology-heavy NASDAQ Composite declined a second week giving up -2.6%. By market cap, the large cap S&P 500 retreated -1.2%, while the mid cap S&P 400 and small cap Russell 2000 declined -2.8% and -3.9%, respectively.
Read MoreWeekly Market Update – November 29, 2021
U.S. Markets: U.S. stocks declined in the holiday-shortened week as news about the emergence of a new, potentially more contagious, coronavirus variant in South Africa triggered a sharp sell-off in equities around the world. The Dow Jones Industrial Average declined 703 points for the week closing at 34,899, a decline of -2.0%. The technology-heavy NASDAQ Composite retreated -3.5% to 15,492. By market cap, the large cap S&P 500 ended down -2.2%, while the mid cap S&P 400 and small cap Russell 2000 declined -3.2% and -4.1%, respectively.
Read MoreWeekly Market Update – November 22, 2021
U.S. Markets: The major U.S. indexes finished the week mixed as investors weighed strong economic data with concerns over rising inflation, ongoing supply shortages, and a sporadic rise in coronavirus infections in some areas of the country. The Dow Jones Industrial Average shed 498 points finishing the week at 35,602 – a decline of -1.4%. In contrast, the technology-heavy NASDAQ Composite gained 1.2%, closing at 16,057. By market cap, the large cap S&P 500 managed a 0.3% gain for the week, while the mid cap S&P 400 retreated -1.1% and the small cap Russell 2000 declined -2.8%.
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