Market Data as of Week Ending: 7/21/2023 unless noted otherwise Most major U.S. stock indexes advanced as investors responded favorably to better-than-expected corporate earnings. 75% of companies in the S&P 500 have reported a positive earnings surprise, despite...
Market Data as of Week Ending: 7/14/2023 unless noted otherwise Major U.S. stock indexes recovered and finished the week with gains as investors responded favorably to positive economic surprises. Several of the largest banks reported second-quarter results, and...
Market Data as of Week Ending: 7/7/2023 unless noted otherwise Major U.S. stock indexes declined lower in the first week of a new quarter as economic data continues to support additional policy rate hikes. Minutes from the June Fed meeting were released on Monday and...
Market Data as of Week Ending: 6/23/2023 unless noted otherwise Major U.S. stock indexes ended the holiday-shortened week lower, snapping their respective winning streaks. The S&P 500 finished the week -1.37% lower as hawkish Fed commentary weighed on sentiment...
Market Data as of Week Ending: 6/16/2023 unless noted otherwise Major U.S. stock indexes rallied last week off the news of the Federal Reserve holding the official federal funds target rate steady - breaking a string of ten consecutive meetings with rate hikes. The...
Defined contribution industry insiders are speaking out against a federal proposal that could have a significant impact on 401(k)s and other DC plans. Tim Friday, CEO of American Trust Custody, and Michele Coletti, chief operating officer of American Trust Custody,...
Market Data as of Week Ending: 6/9/2023 unless noted otherwise Major U.S. stock indexes ended the week higher as the S&P 500 Index established a new bull market, up more than 20% off its lows in October of last year. Most of the bull market has been narrowly led...
The AmericanTCS 401(k) benchmark generated a return of 5.37% in the first quarter of 2023. Although it trailed the Nasdaq and the S&P 500, the AmericanTCS 401(k) benchmark greatly outperformed the Dow Jones Industrial average. This solid performance is a testament...
Market Data as of Week Ending: 6/2/2023 unless noted otherwise U.S. stock prices ended the holiday-shortened week higher as debt ceiling negotiations and strong jobs data sent the S&P 500 to its highest intraday level since mid August 2022. In contrast with recent...
Market Data as of Week Ending: 5/26/2023 unless noted otherwise U.S. stock prices were mixed last week as investors grappled with concerns about the debt ceiling, stubbornly high inflation, and a resilient U.S. consumer. The trend of outperformance for growth stocks...