Weekly Market Update – November 8, 2024
Quick Takes A quick and decisive victory by President-elect Donald Trump fueled a strong rally for U.S. stock last week. The S&P 500 Index was up +4.7%, its best week in a year, and the small cap Russell 2000 Index was up +8.6%, its best since April 2020. Concerns...
Weekly Market Update – November 1, 2024
Quick Takes Weakening labor data and skepticism about artificial intelligence (AI) capital expenditures resulted in a second straight losing week for the headline S&P 500 Index. The S&P 500 fell -1.4% after slipping -1.0% the prior week, its first two-week...
Weekly Market Update – October 25, 2024
Quick Takes U.S. stocks ended their longest weekly winning streak of the year as the S&P 500 slipped -1.0% last week, ending six positive weeks. The small cap Russell 2000 was down -3.0%, but the Nasdaq Composite was able to buck the trend and eke out a small gain...
Weekly Market Update – October 18, 2024
Quick Takes The U.S. stock market concluded its sixth straight week of gains, with the S&P 500 closing at a record high. The S&P 500 Index rose +0.9% for the week, setting its 47th record close of the year. Last week’s advance was driven by a combination...
Weekly Market Update – October 11, 2024
Quick Takes U.S. stocks extended their win streak to five weeks for the first time since May. The benchmark S&P 500 Index also closed above the 5,800 point milestone for the first time on its way to another all-time high and a +1.1% gain for the week. Treasury...
Monthly Market Update – September 2024
Key Points GOING BIG – Investors were pleasantly surprised by the Federal Reserve initiating the first rate cutting cycle since 2020 with a jumbo-sized 50 basis point cut. Markets had been expecting a more typical 25 bps cut. It is only the third time in modern...
Weekly Market Update – October 4, 2024
Quick Takes Sentiment was shaky throughout the week as markets digested the devastating damage that Hurricane Helene left in its path, escalating tensions in the Middle East between Iran and Israel, as well as a massive strike by the International Longshoremen’s...
Weekly Market Update – September 27, 2024
Quick Takes Economic data and stimulus blitz from China carried U.S. equities to their third straight week of gains. The S&P 500 rose +0.6% for the week, while the Nasdaq Composite was up +1.0%. However, the small cap Russell 2000 slipped -0.1%. Chinese stocks...