Weekly 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%.
Read MoreWeekly Market Update – November 15, 2021
U.S. Markets: U.S. stocks retreated from record highs, as the highest inflation readings in three decades weighed on sentiment. The Dow Jones Industrial Average declined 228 points to finish the week at 36,100—a decline of -0.6%. The technology-heavy NASDAQ Composite retreated -0.7% to 15,861. By market cap, the large cap S&P 500 pulled back ‑0.3%, while the mid cap S&P 400 ticked down -0.1% and the small cap Russell 2000 closed down -1.0%.
Read MoreWeekly Market Update – November 8, 2021
U.S. Markets: U.S. stocks posted impressive gains for the week following healthy economic data, strong earnings reports, and a relatively dovish Federal Reserve policy meeting. The Dow Jones Industrial Average, benchmark S&P 500 index, and the technology-heavy NASDAQ Composite all reached record highs. The Dow cleared the 36,000 milestone with a 508 point gain to 36,328—an increase of 1.4%. The NASDAQ rose for a fifth consecutive week closing at 15,972, a gain of 3.1%. By market cap, the large cap S&P 500 finished up 2.0%, while the mid cap S&P 400 and small cap Russell 2000 finished the week strongly, up 4.0% and 6.1% respectively.
Read MoreWeekly Market Update – November 1, 2021
U.S. Markets: Most of the major U.S. indexes recorded gains and many hit new highs this week as several technology and internet-related giants reported earnings. The Dow Jones Industrial Average rose 143 points to finish at 35,820, a gain of 0.4%. The technology-heavy NASDAQ Composite led the pack with a surge of 2.7% to 15,498. By market cap, the large cap S&P 500 rose 1.3%, while the mid-cap S&P 400 ticked down -0.1%. The small cap Russell 2000 closed up for a third consecutive week, adding 0.3%.
Read MoreWeekly Market Update – October 25, 2021
U.S. Markets: Most of the major U.S. benchmark indexes moved to record highs this week, propelled by a series of positive earnings surprises. The Dow Jones Industrial Average rose 382 points last week closing at 35,677—a gain of 1.1%. The technology-heavy NASDAQ Composite crossed the 15,000 level with a 193-point gain, up 1.3%. By market cap, the large cap S&P 500 gained 1.6%, while the mid cap S&P 400 and small cap Russell 2000 rose 1.8% and 1.1%, respectively.
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