Chris Broussard

Jobs Data Sends Stock Prices and Bond Yields Higher

Jobs Data Sends Stock Prices and Bond Yields Higher

Market Data as of Week Ending: 10/4/2024 unless noted otherwise Stock prices ended the week higher as the S&P 500 recorded its fourth consecutive week of gains, narrowly missing out on reaching a new all-time high. Investor sentiment started the week lower with...

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Markets Climb as China Reveals Major Stimulus Plan

Markets Climb as China Reveals Major Stimulus Plan

Market Data as of Week Ending: 9/27/2024 unless noted otherwise Equities continued to move higher last week as China announced a major stimulus that boosted markets worldwide. Domestic indexes reached record highs, with the S&P 500 and Dow climbing further into...

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Stocks Climb Following 0.50% Fed Rate Cut

Stocks Climb Following 0.50% Fed Rate Cut

Market Data as of Week Ending: 9/20/2024 unless noted otherwise Equities traded broadly higher as investors reacted to the beginning of the Federal Reserve rate-cutting cycle. Large-cap indexes pushed to record highs, while mid and small caps moved even higher, but...

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Equity Markets Bounce Back, Led by Tech Sector Gains

Equity Markets Bounce Back, Led by Tech Sector Gains

Market Data as of Week Ending: 9/13/2024 unless noted otherwise Equities traded higher last week as tech led the recovery in cyclicals. Comments from Nvidia's CEO reassured investors that demand for their chips remains strong and sparked a rally in tech stocks, which...

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Markets Prepare for Rate Cuts

Markets Prepare for Rate Cuts

Market Data as of Week Ending: 8/30/2024 unless noted otherwise Equities were mixed for the week as investors digested economic data to predict the pace of rate cuts. Technology-heavy indexes traded lower over the week after NVIDIA released Q2 earnings after hours on...

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Stocks Gain as the Fed Prepares for Rate Cuts

Stocks Gain as the Fed Prepares for Rate Cuts

Market Data as of Week Ending: 8/23/2024 unless noted otherwise Equity markets recorded another week of gains as investors embraced Fed Chair Powell’s speech at Jackson Hole. Powell acknowledged that “the time has come for policy to adjust,” which was broadly...

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Markets Surge on Soft Landing Hopes

Markets Surge on Soft Landing Hopes

Market Data as of Week Ending: 8/16/2024 unless noted otherwise Equity markets continued their rebound as the major U.S. stock indexes recorded their strongest weekly gains of 2024. The S&P 500 gained nearly 4% on the week as positive inflation and growth data...

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Global Sell-off Rattles Markets

Global Sell-off Rattles Markets

Market Data as of Week Ending: 8/9/2024 unless noted otherwise Most major indices closed the volatile week slightly lower, recovering from the largest sell-off in two years to begin the week, as recessionary fears and uneven earnings weighed on stocks. The S&P 500...

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Stocks Move Lower as Labor Market Shows Signs of Cooling

Stocks Move Lower as Labor Market Shows Signs of Cooling

Market Data as of Week Ending: 7/26/2024 unless noted otherwise Stock prices were mixed as the S&P 500 declined following varied results from corporate earnings and economic data. As we near the halfway point of this earnings season, the outlook remains favorable...

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