April 26, 2019 Weekly Market Recap
The S&P 500 (+1.2%) and Nasdaq Composite (+1.9%) each posted solid gains this week while setting new closing highs in the process. Strength in the U.S. economy and solid earnings reports from mega-cap companies contributed to the week’s upside bias.
April 12, 2019 Weekly Market Recap
The S&P 500 increased 0.5% this week, as a strong earnings report from JPMorgan Chase (JPM) and a positive response to Walt Disney’s (DIS) upcoming new streaming service helped the broader market overcome weakness from the health care stocks.
April 5, 2019 Weekly Market Recap
The stock market rally carried over into the second quarter, with the S&P 500 gaining 2.1% this week, extending its winning streak to seven straight sessions and setting a new closing high for the year. Investor sentiment was boosted by positive manufacturing data, progressing U.S.-China trade talks, and a Goldilocks Employment Situation Report for March.
March 22, 2019 Weekly Market Recap
It definitely got ugly on Friday. The S&P 500 lost 0.8% this week in a tale of two trading narratives. The first narrative lifted the S&P 500 to a new 2019 high on the notion that low U.S. Treasury yields and a dovish Fed were a boon for risk assets.
March 15, 2019 Weekly Market Recap
The S&P 500 gained 2.9% this week, supported by a sidelined Federal Reserve, persistently low U.S. Treasury yields, and a weakening dollar. In addition, key leadership from Apple (AAPL) and semiconductor stocks helped the S&P 500 set a new high for 2019 and closed at its highest level since Oct. 10.
February 8, 2019 Weekly Market Recap
Wall Street held on to gains this week. The S&P 500 gained 0.1% despite recurring concerns about a slowdown in global growth and a U.S. China trade deal leading to some profit-taking action.
February 1, 2019 Weekly Market Recap
The S&P 500 overcame a slow start to the week to finish higher by 1.6%, with earnings coming in better than feared and a dovish-minded Federal Reserve easing the market. In the process, the benchmark index also notched its best January since 1987.
January 25, 2019 Weekly Market Recap
The S&P 500 took a breather this holiday-shortened trading week, losing 0.2%, amid pestering concerns over global growth prospects. Despite the week’s minor setback, the benchmark index finished strong, and is still up 6.3% this month and 13.3% from its Dec. 24 low.
January 18, 2019 Weekly Market Recap
The S&P 500 gained 2.9% this week, rising on the back of a strong financial sector (+6.1%) and growing optimism surrounding U.S.-China trade talks. The benchmark index has now posted its fourth straight weekly gain and is now up 6.5% in January.
January 11, 2019 Weekly Market Recap
So far the Bulls are winning in 2019. The S&P 500 gained 2.5% this week, rising for the third straight week and extending its rally to +10.4% since its Christmas Eve low. The Dow Jones gained 2.4%, the Nasdaq gained 3.5%, and the Russell 2000 gained 4.8%.
January 4, 2019 Weekly Market Recap
Well, 2019 is here and we’re off to the races! Wall Street kicked off the first week of 2019 on a higher note, as robust jobs data and pleasing commentary from Fed Chair Jerome Powell helped to ease global growth concerns.
December 28, 2018 Weekly Market Recap
The S&P 500 rallied 2.9% during a week that featured its worst Christmas Eve in history, a historic rally (+5% in one day), and a stunning reversal in late trading action. Wall Street’s end-of-the-year Santa Claus rally, which began taking shape on Wednesday, has pared the benchmark index’s monthly decline to 9.9%.
December 21, 2018 Weekly Market Recap
I wish I was reporting better news heading into the Christmas holiday, but the stock market decline continues. The S&P 500 dropped 7.1% this week, setting a new yearly low, amid ongoing concerns over economic growth, trade, politics, and fear the Federal Reserve could be on course for making a policy mistake.
December 14, 2018 Weekly Market Recap
Wall Street suffered another down week, as continued uncertainty surrounding economic growth, trade, politics, and the path of interest rates kept many buyers on the sidelines. Heightened trading volatility also proved effective in keeping buyers sidelined, too, as large intra-day swings proved exhausting and off-putting for many participants.
December 7, 2018 Weekly Market Recap
Stocks continued their slide this week. The S&P 500 fell 4.6%, as global growth concerns were exacerbated by negative developments regarding U.S-China trade negotiations and the continued flattening of the U.S. Treasury yield curve. The Dow Jones Industrial Average lost 4.5%, the Nasdaq Composite lost 4.9%, and the Russell 2000 lost 5.6%.
