Congress Approves Stimulus – Weekly Update

March 30, 2020 | By Steven DiGregorio

An open-ended commitment by the Federal Reserve to support American businesses and capital markets along with the passage of a $2 trillion aid package improved investor sentiment and drove a strong rally in stock prices. The Dow Jones Industrial Average jumped 12.84%, while the Standard & Poor’s 500 gained 10.26%. The Nasdaq Composite index rose […] READ MORE

More Coronavirus Volatility – Weekly Update

March 23, 2020 | By Steven DiGregorio

The Week on Wall Street The stock market suffered through another volatile week as it wrestled with the health and economic fallout of the domestic spread of the coronavirus. Swift and decisive actions by the Federal Reserve and policy responses from the federal government did not keep stocks from recording losses for the week. The […] READ MORE

Volatility Continues – Weekly Update

March 16, 2020 | By Steven DiGregorio

The Week on Wall Street Markets remained exceptionally volatile, buffeted by the spreading impact of coronavirus, uncertain responses from federal policymakers, and the sudden drop in oil prices. The Dow Jones Industrial Average fell 10.36%, while the S&P 500 declined 8.79%. The Nasdaq Composite index slid 8.18% for the week. The MSCI EAFE index, which […] READ MORE

Rallies and Retreats – Weekly Update

March 9, 2020 | By Steven DiGregorio

The Week on Wall Street Heightened coronavirus fears, falling yields, and Super Tuesday primary results sent stocks on a rollercoaster ride of sharp price swings, leaving stocks marginally higher for the week. The Dow Jones Industrial Average improved 1.79%; the S&P 500, 0.61%; the Nasdaq Composite, 0.10%. Outside the U.S., developed equity markets tracked by […] READ MORE

The Virus Becomes the Focus – Weekly Update

March 2, 2020 | By Steven DiGregorio

The Week on Wall Street Stocks fell sharply last week as Wall Street considered how the coronavirus outbreak might influence global business activity and household spending. The selloff became a correction for the U.S. markets. The S&P 500 retreated 11.49%; the Dow Jones Industrial Average, 12.36%; the Nasdaq Composite, 10.54%. The MSCI EAFE, tracking developed […] READ MORE

Virus Anxieties Affect Stocks – Weekly Update

February 25, 2020 | By Steven DiGregorio

The Week on Wall Street Traders paid close attention to coronavirus developments and earnings last week, while wondering how the former might eventually impact the latter. Concern over updated infection numbers moderated risk appetite. A pair of key stock benchmarks posted similar weekly losses. In New York, the S&P 500 declined 1.25%; the MSCI EAFE […] READ MORE