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Market Week: July 26, 2021
The Markets (as of market close July 23, 2021) Last week proved to be a choppy one for stocks. The week began with stocks trending lower on news of a spike in the number of coronavirus cases. However, strong corporate earnings reports helped support the perception that the economy is continuing to advance, despite the…
Read MoreMarket Week: July 19, 2021
The Markets (as of market close July 16, 2021) Stocks suffered their worst week in quite some time, as each of the major indexes ended the week lower. Last week was the start of the second-quarter corporate earnings reporting period. Attention will be paid to reported earnings to gauge whether corporate profits can support equity…
Read MoreMarket Quarter: April – June 2021
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Read MoreMarket Week: July 12, 2021
The Markets (as of market close July 9, 2021) The holiday-shortened week can best be described as volatile. Some observers suggest investors may be retreating from stocks over uncertainties surrounding the pace of economic recovery coupled with easing inflation expectations. For much of the week, stock values road a roller-coaster ride of ups and downs,…
Read MoreMarket Week: July 06, 2021
The Markets (as of market close July 2, 2021) Stocks opened last week mixed. Tech stocks surged, driving the Nasdaq to an all-time high. The S&P 500 inched ahead, while the Global Dow (-0.8%), the Russell 2000 (-0.5%), and the Dow (-0.4%) fell. Besides technology, other sectors performing well last Monday included communication services, utilities,…
Read MoreQuarterly Market Review: April-June 2021
The Markets (second quarter through June 30, 2021) The second quarter began with stocks making solid gains in April. COVID vaccines became available to more Americans. The federal government and several states pushed forward with reopening after relaxing many of pandemic-related constraints. Economic data was favorable and encouraging. The first-quarter gross domestic product accelerated at…
Read MoreMarket Week: June 28, 2021
The Markets (as of market close June 25, 2021) Despite hawkish rhetoric from some high-ranking Federal Reserve officials, equities kicked off last week on an upswing, enjoying their biggest rally in several sessions. Energy, financials, and industrials helped push the S&P 500 up 1.4%. The Russell 2000 rebounded from a rough prior week, gaining 2.2%.…
Read MoreMarket Week: June 21, 2021
The Markets (as of market close June 18, 2021) Stocks opened the week with mixed returns: The Dow, the Russell 2000, and the Global Dow lost value, while the Nasdaq and the S&P 500 rose. Tech shares and consumer services closed higher, while financials and materials fell. Anticipating the Federal Open Market Committee meeting later…
Read MoreMarket Week: June 14, 2021
The Markets (as of market close June 11, 2021) Stocks were mixed last Monday, with the Russell 2000 (1.4%) and the Nasdaq (0.5%) gaining, while the Dow fell 0.4% and the S&P 500 and the Global Dow closed the day essentially unchanged. Treasury yields, crude oil prices, and the dollar fell. Communication services, health care,…
Read MoreMarket Week: June 7, 2021
The Markets (as of market close June 4, 2021) Stocks were mixed last Tuesday to begin the holiday-shortened week. The Russell 2000 climbed 1.1%, the Global Dow added 0.6%, and the Dow eked out a 0.1% gain. The Nasdaq and the S&P 500 each dipped 0.1%. Yields on 10-year Treasuries, the dollar, and crude oil…
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