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...
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...
Market Data as of Week Ending: 5/19/2023 unless noted otherwise U.S. stock prices were able to move higher last week as investors showed optimism that a resolution on the debt ceiling will be met ahead of the House vote. The S&P 500 ended the week 1.71% higher and...
Market Data as of Week Ending: 5/12/2023 unless noted otherwise U.S. stock prices were mixed as inflation remains elevated and debt ceiling negotiations intensified. Quarterly earnings have been better than expected (78% have reported a positive EPS surprise) as we...
Market Data as of Week Ending: 5/5/2023 unless noted otherwise Volatility increased and U.S. stock prices delivered mixed results following another bank failure and the Fed’s decision to raise policy rates for the tenth consecutive meeting. Quarterly earnings have...
The name change of Mid Atlantic Trust Company to American Trust Custody is part of the previously announced launch of AmericanTCS, which brings together all of the trust, custody and retirement operations of EdgeCo Holdings under a single umbrella.