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 […]

Weekly Market Review – July 4, 2020

Stock Markets Stocks finished the week higher, capping the shortened July 4th holiday week. The second quarter also saw the Dow Jones having its best quarter on record since 1987, closing up 17.8%. Favorable jobs data came in as confirmed cases of coronavirus reach record highs and some states begin to suspend or reverse reopening […]

Weekly Market Review – June 27, 2020

Stock Markets Stocks continued to seesaw in June, with one week’s gains being reversed the following week. Last week’s decline was caused by a renewed surge in coronavirus cases across the Southwest. Texas and Florida reported a record number of new cases, which led to some rollback of reopening measures. Adding to the anxiety was […]

Weekly Market Review – June 20, 2020

Stock Markets Stocks rebounded last week on better-than-expected economic data and hopes for fresh stimulus. U.S. retail sales jumped nearly 18% in May, the biggest monthly increase on record, signaling that the economy is improving from depressed levels. That news, coupled with news that the White House may be working on a $1 trillion infrastructure […]

Weekly Market Review – June 13, 2020

Stock Markets Stocks logged their worst weekly decline since March as fears of a second wave of infections and doubts about a speedy economic recovery dampened investor sentiment. The Federal Reserve indicated that rates are likely to remain near zero until 2022 and issued a cautious economic outlook. The Fed’s cautious tone, in combination with […]