American Trust Custody is now part of Ascensus.
Ascensus has completed its acquisition of American Trust Custody. Read the official press release for details.
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...
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...
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...
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...
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...
The AmericanTCS 401(k) Composite Benchmark returned 4.66% in the second quarter of 2023. Following a challenging market in 2022 that delivered a decline of -16.70% to the 401(k) benchmark, 2023 has been a welcome change with a YTD return of 10.28%. Because 401(k)...
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...
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...