Tag: #CompassAMG

Tech and AI Lead Another Advancing Week – Weekly Update

March 4, 2024 | By Steven DiGregorio

Stocks extended their tech-led advance last week as signs of a resilient and still-enthusiastic consumer boosted momentum. Nasdaq Sets New High Stocks traded in a narrow band early in the week but ended the five-trading sessions with a powerful advance. While the Dow dipped lower, artificial intelligence (AI) names powered the gains in the S&P […] READ MORE

Stocks Hit New Highs on AI’s Promise – Weekly Update

February 26, 2024 | By Steven DiGregorio

Stocks vaulted to new heights last week on the back of an artificial intelligence (AI) semiconductor company, marking investors’ belief that AI has the potential to transform the U.S. economy. Stocks Rally to Record Highs Stocks traded in a fairly tight range for the first half of the short week, yawning at the lack of […] READ MORE

Market Retreats on Inflation, Economic Reports – Weekly Update

February 20, 2024 | By Steven DiGregorio

Stocks fell last week as investors reacted to disappointing inflation updates and other economic reports that fell short of estimates. Stocks Snap Winning Streak Markets were quiet Monday but opened lower Tuesday in response to the January inflation report that showed higher-than-expected consumer prices. But stocks regained some momentum on Wednesday and rallied Thursday despite […] READ MORE

S&P Hits Record High – Weekly Update

February 12, 2024 | By Steven DiGregorio

The stock market experienced solid gains last week, concluding the trading week on a positive note, thanks to robust corporate reports and favorable inflation news; this propelled the S&P 500 Index to achieve a new record high at the end of the week. S&P Tops 5,000 At the start of last week’s trading, stocks faced […] READ MORE

Investors Move Past Mixed Fed Message – Weekly Update

February 5, 2024 | By Steven DiGregorio

Stocks pushed higher last week as investors cheered mega-cap tech corporate reports and a better-than-expected employment report. Stocks at New Highs At the beginning of the week, stocks surged, anticipating fourth-quarter corporate updates from tech companies and the Federal Reserve’s two-day policy meeting; this led to the S&P 500 Index reaching a new record high […] READ MORE

Stocks Have a Mixed Reaction- Weekly Update

August 3, 2020 | By Steven DiGregorio

The Week on Wall Street Stocks were mixed last week amid a busy week of earnings, some troubling economic data, and seemingly little progress on a new fiscal stimulus package. The Dow Jones Industrial Average slipped 0.16%, while the Standard & Poor’s 500 increased by 1.73%. The Nasdaq Composite Index surged 3.69% for the week. […] READ MORE