Weekly Market Review – November 28, 2020
Stock Markets This week has seen positive coronavirus-vaccine news, which helped propel the Dow Jones up more than 12% for the month, crossing the 30,000 mark for the first time, and on-track to have the best monthly gain since January 1987. The S&P 500 and Russell 2000 both posted fresh record highs as well. Trading […]
Weekly Market Review – November 21, 2020
Stock Markets Last week saw the equity markets performing a balancing act between incoming positive vaccine news and ever-growing economic restrictions aimed at curbing the recent spike in virus cases and hospitalizations. The rotation out of the technology sector and into more cyclicals stocks continued, as the vaccine developments improved investor sentiment and confidence about […]
Weekly Market Review – November 14, 2020
Stock Markets The S&P 500 closed at a new record high and global equities posted a second week of gains following news of progress in developing a COVID-19 vaccine. Stocks surged on Monday after Pfizer and BioNTech announced that their vaccine had 90% effectiveness in their large study, triggering a wave of hope and optimism […]
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 […]