Market Data as of Week Ending: 11/15/2024 unless noted otherwise U.S. equity markets retraced some of their gains from previous weeks as uncertainty around the incoming administration’s policies and the impact it may have on future rate cuts weighed on sentiment. The...
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Stocks Soar on Optimistic Outlook
Market Data as of Week Ending: 11/8/2024 unless noted otherwise U.S. equity markets rallied strongly the day after the election as investors were enthused about the possibility of lower tax rates and decreased regulations under President-elect Trump. The S&P 500...
Markets End Busy Earnings Week Lower
Market Data as of Week Ending: 11/1/2024 unless noted otherwise The S&P 500 ended lower for the second consecutive week as investors digested a heavy dose of earnings and economic releases. Earnings momentum remained generally positive, with 42% of the S&P 500...
All Good Things Come to an End
Market Data as of Week Ending: 10/25/2024 unless noted otherwise The S&P 500 ended its streak of six consecutive weekly gains. The broad market index finished the week down with lower sentiment and a mixed start to Q3 earnings season (37% of companies in the...
Stocks Gain for Sixth Straight Week
Market Data as of Week Ending: 10/18/2024 unless noted otherwise Stock prices advanced as the S&P 500 recorded its sixth consecutive week of gains, reaching new all-time highs. Earnings season is off to a mixed start with a solid EPS beat rate of 79%; however, the...
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...
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...
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...
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...
Equities Lower on a Mixed Jobs Report
Equities Lower on a Mixed Jobs Report – Weekly Market Update