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...
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...