Rates Remain Unchanged, CPI-Fueled Gains
Financial Update for the Week of June 17, 2024 I hope your week is off to a great start! With CPI and the Fed meeting moving markets last week, it is a good time to keep you informed via a quick update. As expected, the Fed kept interest rates unchanged last week at its June…
S&P 500 Record, Fed on Deck
Financial Update for the Week of June 10, 2024 Hope all is well with you. Major U.S. stock market indexes traded to the upside last week, with the Nasdaq and S&P 500 both trading at record highs. Overall, the S&P 500 rose by 1.32%, the Nasdaq 100 increased by 2.50%, and the Dow Jones Industrial Average was…
S&P 500 Has Best May Since 2009
Financial Update for the Week of June 3, 2024 Hope all is well with you! Stock index investors were in command throughout May as the major stock indexes resumed their rallies after consolidating in April. With the major U.S. equity market indexes resuming runs that began back in November, now is the perfect time to…
Markets Mixed, All Eyes on Core PCE
Financial Update for the Week of May 28, 2024 Hope all is well with you. Major U.S. stock market indexes traded in a notably mixed fashion last week, with tech providing leadership as industrials lagged. Tallying last week, the S&P 500 was nearly flat, higher by 0.03%, the Nasdaq 100 rose by 1.41%, and the Dow Jones…
Inflation Eases, S&P 500 Record Highs
Financial Update for the Week of May 20, 2024 Major U.S. equity indexes traded higher last week as investors interpreted April wholesale and consumer pricing inflation data. Notably, the Nasdaq traded to a record high on Tuesday, while the Dow and S&P 500 made fresh highs the next day, courtesy of Consumer Price Index (CPI)…
S&P 500 Higher, Inflation Data to Come
Financial Update for the Week of May 13, 2024 Hope all is well with you. Last week, as earnings season started to wind down, major U.S. stock indexes traded on the quiet side, with the overall trend being higher. Tallying the week, the S&P 500 rose by 1.85%, the Nasdaq 100 increased by 1.51%, and the Dow…
May Update: Earnings, Sticky Inflation Fuel Markets
Financial Update for the Week of May 6, 2024 After a strong March, major U.S. equity indexes retreated in April. Rising Treasury yields were a prevalent theme for much of the month, while attention turned to corporate earnings and the Fed meeting at the end of the month. Here is the tale of the tape…
Continue Reading May Update: Earnings, Sticky Inflation Fuel Markets
Investors Celebrate AI Spending
Financial Update for the Week of April 29, 2024 It was a busy week across the U.S. financial markets, so it’s a great time to keep you informed of the latest. Overall, last week featured a battle between weak economic data and strong earnings results from megacap tech companies, with the latter coming out on…
Earnings, Middle East in Focus
Financial Update for the Week of April 22, 2024 With events in the Middle East and the direction of future monetary policy weighing on markets last week, it is the perfect time to reach out and keep you informed. U.S. stock market indexes were already digesting warmer inflation data as last week began, and rate…