Market Week February 16, 2021
Increasing prospects that a massive fiscal stimulus bill is around the corner helped drive stocks to record highs last Monday. With fourth-quarter corporate earnings season at the halfway mark, 83% of the reporting companies have surpassed most estimates, a clear sign that the economy is slowly turning the corner toward recovery. The S&P 500 jumped 0.7% to a record high, while the small caps of the Russell 2000 climbed 2.5%. The Global Dow advanced 1.1%, the Nasdaq gained 1.0%, and the Dow added 0.8%.
Market Week February 8, 2021
Stocks had their best day in several weeks last Monday, recovering some of the losses following the prior week's sell-off. Tech stocks and retail shares led both the Nasdaq and the Russell 2000 to gains of 2.5%. The S&P 500 advanced 1.6%, followed by the Dow (0.8%) and the Global Dow (0.7%).
Market Week February 1, 2021
Equities were mixed to begin last week. The Global Dow (-0.6%), the Russell 2000 (-0.3%), and the Dow (-0.1%) lost value. The S&P 500 advanced 0.4% on the day, and the Nasdaq closed up 0.7% to reach a record high. Treasury yields fell, while crude oil prices and the dollar rose
Market Week January 25, 2021
The markets were closed last Monday in observance of Martin Luther King, Jr., Day. However, stocks enjoyed a good start to the week last Tuesday as equities rebounded from the prior Friday's sell-off. Investors were encouraged by Treasury Secretary nominee Janet Yellen, who pushed for more stimulus during her confirmation hearing. By the close of trading, tech stocks and small caps flourished, driving the Nasdaq (1.5%) and the Russell 2000 (1.3%) higher. The S&P 500 climbed 0.8% on the day, followed by the Global Dow (0.5%) and the Dow (0.4%).
Market Week January 19, 2021
Last Monday, the major benchmark indexes pulled back from record highs reached the prior week. Tech stocks took the biggest hit, dragging the Nasdaq down by 1.3%. The S&P 500 lost 0.7%, followed by the Global Dow (-0.5%) and the Dow (-0.3%). The Russell 2000 closed the day where it began. Treasury yields and the dollar pushed higher, while crude oil prices fell marginally. Investors were confronted with several states reporting record-high COVID-19 cases.
Market Week January 11, 2021
Last Monday, stocks began the new year down on worries over the Georgia runoff elections, a surge in COVID-19 cases, and evidence that a new strain of the virus has entered the country. The S&P 500, the Nasdaq, and the Russell 2000 each fell 1.5%. The Dow declined 1.3% and the Global Dow dropped 0.5%. Treasury yields and the dollar were mixed, and crude oil prices fell. Some sectors took heavy losses last Monday, including real estate, utilities, industrials, information technology, communication services, and financials.
Market Week January 4, 2021
Stocks jumped to record highs last Monday after President Trump signed a pandemic relief package into law. The S&P 500, the Dow, and the Nasdaq closed the day at record highs as investors saw the stimulus relief as a boost to economic recovery. Only the small caps of the Russell 2000 failed to advance, ending the day down 0.4%. Treasury yields rose, crude oil prices fell, and the dollar was mixed. Several market sectors climbed higher, led by communication services, consumer discretionary, and information technology.
Market Week December 28, 2020
Stocks rallied by the end of the day last Monday, paring losses from a morning plunge. Strength in bank stocks and financials helped stem the tide as the other major market sectors generally sank. Investors were hit with news that a new strain of the COVID virus was moving rapidly through the United Kingdom, prompting a major sell-off in European stocks. Crude oil prices and Treasury yields fell, while the dollar advanced.
Market Week December 21, 2020
Tech stocks and consumer shares opened last week on an upswing. Unfortunately, the rest of the market lagged. Investors faced the prospect of more stringent restrictions as COVID-19 cases continued to surge.
Market Week December 14, 2020
The Nasdaq opened the week by reaching a new high last Monday after climbing for the ninth straight day. Otherwise, stocks tumbled, as the rapid rise in COVID-19 cases had investors worried that more restrictions might be forthcoming.
Market Week December 7, 2020
November closed on a sour note as investors took profits from stocks last Monday.
Market Week November 23, 2020
Last week began with more good news on another COVID-19 vaccine, sparking a rally in domestic and global stocks.
Market Week November 16, 2020
Stocks soared to record highs last Monday following an announcement from a major pharmaceutical company of positive data on a COVID-19 vaccine.
Market Week November 9, 2020
Stocks rebounded last Monday with each of the benchmark indexes gaining value.
Market Week November 2, 2020
Concern over a surge in COVID-19 cases drove equities lower last Monday.
Market Week October 26, 2020
Last week started out poorly for equities as investors saw the faint hope of pre-election financial stimulus fade.
Market Week October 19, 2020
Each of the benchmark indexes listed here advanced last Monday, climbing to their highest levels in more than a month.
Market Week October 12, 2020
Last Monday saw stocks start the week on a high note, with each of the indexes listed here posting notable gains.
Market Week October 5, 2020
Stocks began last week on a high note, with bank and energy stocks leading the way. European shares vaulted to heights not seen in more than three months
Market Week December 30, 2019
The holiday spirit, coupled with renewed optimism on the trade front, helped proper stocks higher last week. The tech heavy Nasdaq outperformed the other benchmark indexes listed here, crossing the 9000 plateau for the first time ever.
Market Week December 16, 2019
Positive developments finally arrived in the ongoing trade war between the United States and China. Last Friday, President Trump announced phase one of a trade deal with China.
Market Week December 9, 2019
Market performance was uneven last week, culminating in some of the benchmark indexes closing in the black while a few lost value by week's end.
Market Week December 2, 2019
The holiday-shortened week was a good one for investors as they were encouraged by the growing likelihood of "phase-one" in the resolution of the trade war between China and the United States.
Market Week November 25th, 2019
The market's run of weekly gains ended last week as each of the benchmark indexes listed here lost value.
Market Week November 18th, 2019
The large caps of the Dow and S&P 500 surged last week.
Market Week November 11th, 2019
The Dow hit a new record high last week, and each of the benchmark indexes listed here posted solid gains as investors received encouraging news on the trade front. Both the United States and China sent signals out that an initial trade agreement would be signed in the near future, marking the first phase of the trade deal between the economic giants.
Market Week November 4th, 2019
A better-than-expected jobs report and strong third-quarter earnings from some major companies drove stock prices higher fr the fourth consecutive week.