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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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%. Continue reading