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Major Stock Indexes Reached New Highs Fueled by Tech Sector

Major Stock Indexes Reached New Highs Fueled by Tech Sector

Market Data as of Week Ending: 6/14/2024 unless noted otherwise Stock prices were mixed as inflation surprised to the downside, and the Fed left policy rates unchanged. Sentiment is supported by higher second-quarter earnings, which are expected to grow 9.0% for the...

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Momentum Slows as Stocks End the Week Lower

Momentum Slows as Stocks End the Week Lower

Market Data as of Week Ending: 5/31/2024 unless noted otherwise U.S. equity markets ended the week marginally lower as economic data supported the narrative of a strong economy with slowing inflation. The S&P 500 was 0.49% lower on the week, driven by losses in...

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Markets Were Mixed as Sentiment Sinks

Markets Were Mixed as Sentiment Sinks

Market Data as of Week Ending: 5/24/2024 unless noted otherwise U.S. equity markets were mixed over the week as NVIDIA's gain was a primary factor in the market's divergence, helping drive the Nasdaq to a record high while the Dow Jones Industrial Average experienced...

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Stocks Reach Record Highs on Mixed Inflation Data

Stocks Reach Record Highs on Mixed Inflation Data

Market Data as of Week Ending: 5/17/2024 unless noted otherwise U.S. equity markets climbed to record highs last week as concerns around inflation and interest rates were mitigated. The S&P 500 increased 1.60%, while the Dow Jones Industrial Average closed above...

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Markets Move Higher After Choppy Week

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...

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Stocks Snap Losing Streak

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...

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Interest Rates Trend Higher

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...

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Inflation Risks Send Stock Prices Lower

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...

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