Weekly Market Review – June 5, 2021
Stock Markets Trading was truncated this week as markets were closed on Monday in commemoration of Memorial Day. This left major indexes slightly higher for the week with energy shares outperforming other sectors in the S&P 500 Index. The strong performance was attributed to the increase in oil prices to their highest level in two […]
Weekly Market Review – May 29, 2021
Stock Markets Light trading prevailed during the week while recording solid gains, raising the S&P 500 Index close to 0.5% of its all-time intraday high that it achieved in the first week of May. It retraced thereafter but remained up for the month. The light volumes were evident with Monday experiencing the fifth-lowest turnover in […]
Weekly Market Review – May 22, 2021
Stock Markets The stock indices registered mixed outcomes after increased trading volatility the past week. Ending marginally lower is the large-cap S&P 500 Index, while the tech-dominant Nasdaq Composite Index increased slightly. The mixed results indicate that there is a measure of strength and resiliency in the US economy, although concerns are increasing surrounding the […]
Weekly Market Review – May 15, 2021
Stock Markets The markets were set off in a new wave of volatility after the weaker-than-expected April jobs report released the previous Friday. The Labor Department reported on Wednesday that core consumer prices (that did not include food and energy) surged by 0.9% in April, the highest in almost 40 years and approximately three times […]
Weekly Market Review – May 8, 2021
Stock Markets Stock market indexes ended the week mixed across a broad range of sectors. Volatility set in as losses earlier in the week were partly covered by Friday’s rally. The 30-stock Dow Jones Industrial Average outperformed the technology-dominated Nasdaq Composite Index as the latter charted its heaviest weekly drop in the last eight weeks. […]
Weekly Market Review – May 1, 2021
Stock Markets In the past week, stocks tested record highs on the back of positive earnings reports. Although the major indexes closed slightly lower, the S&P 500, Nasdaq Composite, and S&P MidCap all tested new highs prior to correcting for Friday’s close. A deluge of first-quarter reports elicited reactions from investors, causing volatility in the […]
Weekly Market Review – April 24, 2021
Stock Markets Overall, during the week, stocks changed little on very light trading volume, the lightest daily volumes so far for 2021. The small caps slightly outperformed the large caps while the Nasdaq Composite Index marginally trailed the broad market. Expanding our perspective. on April 16, the U.S. stock market was poised at a record […]
Weekly Market Review – April 17, 2021
Stock Markets The markets have completed their fourth consecutive week of gains and have now moved to challenge their record peaks. The large and mid-cap benchmarks surged ahead while the technology-based Nasdaq Composite Index and small-cap Russell 2000 Index lagged slightly, although they stayed close to their highs of the past trading weeks. Within the […]
Weekly Market Review – April 10, 2021
Stock Markets While the small-cap Russell 2000 Index registered a minor loss, most of the benchmark indexes surged to record highs. Although the broad-market S&P 500 Index gained 2% over last week’s close, it was outperformed by the Nasdaq, which tracks mostly technology counters. Despite its strong showing, the Nasdaq fell short of its February […]
Weekly Market Review – April 3, 2021
Stock Markets The strong first-quarter performance for equities ended with the holiday-shortened trading week. Markets were closed for trading on Friday in observance of Good Friday. On Thursday, the large-cap S&P 500 index traded above the 4,000-point resistance level for the first time in history. The S&P MidCap 400 Index likewise set a new record […]