Market Data as of Week Ending: 5/10/2024 unless noted otherwise U.S. equity markets continued their positive momentum, rising for the third consecutive week, as the post-FOMC rally seemingly continued. The S&P 500 increased 1.89%, ending the week slightly below...
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Markets Move Higher After Choppy Week
Market Data as of Week Ending: 5/3/2024 unless noted otherwise Stocks finished higher for the second consecutive week, recovering some of April's losses, as key earnings and positive economic data towards the back half of the week shifted sentiment. After the second...
Stocks Snap Losing Streak
Market Data as of Week Ending: 4/26/2024 unless noted otherwise Stocks ended the week higher after three consecutive weeks of losses as investors digested a busy week of first-quarter earnings and mixed economic data releases. Nearly half of S&P 500 companies have...
Interest Rates Trend Higher
Market Data as of Week Ending: 4/19/2024 unless noted otherwise Stocks declined for the third consecutive week as a combination of disappointing earnings, Fed policy outlook, and conflict in the Middle East weighed on sentiment. Less than 15% of companies have...
Inflation Risks Send Stock Prices Lower
Market Data as of Week Ending: 4/12/2024 unless noted otherwise Stock prices retreated again last week as inflation surprised to the upside, significantly reducing the probability of a Fed rate cut in June. First-quarter earnings expectations have been lowered from...
Strong Economic Data and Hawkish Fed Comments Send Market Lower
Market Data as of Week Ending: 4/5/2024 unless noted otherwise Stock prices pulled back last week from record highs as there was growing sentiment that an initial interest-rate cut could be pushed into the second half of this year. Minneapolis Fed President Kashkari...
Stocks Reach Record Highs as the Fed Holds Steady
Market Data as of Week Ending: 3/22/2024 unless noted otherwise Stock prices rose last week as the Fed struck a dovish tone and the S&P 500 reached a new record high. Investors responded favorably to the Fed’s decision to hold on rate cuts until they are more...
Stocks Lower as Inflation Progress Sputters
Market Data as of Week Ending: 3/15/2024 unless noted otherwise Equities were mostly lower on the week as inflation concerns drove yields higher. It was a risk-off week as small and mid-cap stocks underperformed. Value slightly outperformed growth, and large-cap...
Stocks Mixed as the Economy Adds Jobs Despite Higher Unemployment
Market Data as of Week Ending: 3/8/2024 unless noted otherwise Equities ended a volatile week modestly higher as investors digested conflicting labor data. Style trends reversed as value outperformed growth. Mid-cap stocks outperformed large and small-cap stocks....
Encouraging Inflation Data Propel Markets Higher
Market Data as of Week Ending: 3/1/2024 unless noted otherwise Equities were mostly higher on the week as inflation data was in line with expectations. Markets broadened out as mid and small-cap stocks outperformed large, but style trends continued with growth...