Weekly Market Review – October 17, 2020

Stock Markets Equity markets finished slightly higher last week as investors continue to hope for a fiscal stimulus package. On the vaccine front, some trials have been paused due to health concerns, and Pfizer has filed an emergency-use plan for the end of November. Retail sales continue to be a bright spot for the economy, […]

Weekly Market Review – October 10, 2020

Stock Markets Stocks climbed last week, with the S&P 500 recording the best weekly gain since early July, while long-term government yields rose to a four-month high. The driver behind the equity-market strength was the anticipation that another stimulus package will eventually be passed despite the shaky negotiations so far. The White House increased its […]

Weekly Market Review – August 29, 2020

Stock Markets Markets finished higher last week, on track for its best August in 34 years, and continuing the rally after the third bear market in two decades. The S&P 500 is up nearly 52% since the bear market bottom on March 23, and is up nearly 8% for the year, posting a new record […]

Weekly Market Review – August 22, 2020

Stock Markets The S&P 500 advanced for the fourth straight week, with technology stocks leading the index to a new record high. Economic data and corporate profits released last week showed that the recovery is progressing, yet it remains uneven. Existing-home sales rose by the most on record in July, boosted by low mortgage rates […]

Weekly Market Review – August 15, 2020

Stock Markets Following another weekly gain, and almost five months after the bear-market low in March, the S&P 500 closed within striking distance of its record high. Even though the pace of improvement is slowing, economic data continue to show steady progress. Initial jobless claims fell below one million for the first time since March, […]

Weekly Market Review – August 8, 2020

Stock Markets Stocks extended the previous week’s gains, while the Nasdaq set another record on better-than-expected economic data and improved trends in U.S. coronavirus cases. Business activity for the services sectors expanded, and the U.S. economy added 1.76 million jobs in July, beating estimates. The continuing, yet moderating, gains in employment show that the recovery […]

Weekly Market Review – August 1, 2020

Stock Markets GDP growth data was released last week, showing the sharpest quarterly downturn on record, driven by shutdown policies aimed at combatting the spread of the coronavirus. The negative GDP growth, however, was better than expected, with stocks finishing the week slightly higher on positive earnings news. Big tech held the earnings spotlight, with […]

Weekly Market Review – July 25, 2020

Stock Markets Stocks declined modestly last week, while long-term bond yields retreated near record lows. The S&P 500 turned briefly positive for 2020 before pulling back on concerns over escalating Chinese/American tensions. On the economic front, U.S. initial jobless claims increased last week for the first time since March, raising worries that the economic recovery […]

Weekly Market Review – July 18, 2020

Stock Markets Stocks finished higher for the third consecutive week on coronavirus-vaccine optimism and positive economic data. U.S. retail sales jumped 7.5% in June, and industrial production increased the most since 1959, both surprising to the upside. Following a two-month rebound, retail sales are almost back to their pre-virus levels, largely helped by the direct […]

Weekly Market Review – July 11, 2020

Stock Markets Stocks finished modestly higher last week, led by technology and long-term growth stocks. The nonmanufacturing Purchasing Managers’ Index, a measure of business conditions, posted its biggest monthly gain and moved back into expansion, adding to the string of positive economic surprises. However, as new COVID-19 cases rise and several states slow down or […]