Weekly Market Review – November 7, 2020
Stock Markets U.S. stocks logged their best weekly gain since early April as investors reacted to the increased possibility of a divided government, including a potential Biden win and continued Republican control in the Senate. The final results of the U.S. election are still unknown as of Saturday. However, the market began to price in […]
Weekly Market Review – October 31, 2020
Stock Markets Last week marked the 11th time this year that the S&P 500 has closed more than 2% lower than where it started the week, compared with a yearly average of around six times since 2010. The sell-off was largely driven by news that daily coronavirus cases have hit new record highs, and by […]
Weekly Market Review – October 24, 2020
Stock Markets Following three consecutive weekly advances, stocks declined modestly last week. The news flow was dominated by headlines around the negotiations for another round of fiscal relief from Washington before the election, which is fast approaching. The 10-year Treasury yield rose to the highest level in four months amid expectations that a potential Biden […]
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 […]