Market Data as of Week Ending: 9/8/2023 unless noted otherwise Equities retreated last week as the economy continued to show strength. Despite a relatively light week for economic releases, market participants once again prepare for the possibility of further rate...
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Bad News is Good News as Markets Rally
Market Data as of Week Ending: 9/1/2023 unless noted otherwise U.S. stock indexes rallied on a mix of economic data. Indications of moderating inflation and a loosening labor market gave investors confidence that the Fed rate hiking cycle is nearing the end. The...
Fed’s Mixed Signals Leave Markets Mixed
Market Data as of Week Ending: 8/25/2023 unless noted otherwise U.S. stock indexes ended the volatile week mixed as investors were left to digest mixed economic signals and debate the course of monetary policy. Federal Reserve Chair Jerome Powell took a slightly more...
Stocks Retreat for Third Consecutive Week as Bond Yields Surge
Market Data as of Week Ending: 8/18/2023 unless noted otherwise U.S. stock indexes closed the week with losses as sentiment appears to have taken a hit from the sharp increase in longer-term bond yields, and fears of a sharp slowdown in China have grown. After three...
Markets Edge Lower After Inflation Data Leaves Investors Conflicted
Market Data as of Week Ending: 8/11/2023 unless noted otherwise U.S. stock indexes ended the volatile week lower despite promising inflation data as investors sifted through mixed Fed-speak and credit rating downgrades for several U.S. banks. Value stocks continued...
Stock and Bond Prices Fall as U.S. Debt Downgrades
Market Data as of Week Ending: 8/4/2023 unless noted otherwise U.S. stock indexes dropped as U.S. government debt was downgraded and bond yields surged. The S&P 500 is on track for the third consecutive quarter of declines, down more than 5%, with 84% of companies...
Stock Prices and Treasury Yields Advance
Market Data as of Week Ending: 7/28/2023 unless noted otherwise U.S. stock indexes advanced as the Fed increased policy rates, and economic data continues to surprise the upside. More than half of the S&P 500 companies have reported second-quarter results. Among...
Stock Prices Advance as Earnings Season Heats Up
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...
Stocks Advance Along With Positive Economic Surprises
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...
Bond Yields Advance With Resilient Economic Activity
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...