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

Excitement Around Big Tech Continues – Weekly Update

January 29, 2024 | By Steven DiGregorio

Stocks continued their upward climb last week as excitement around big tech continued; positive economic reports stoked investors’ belief that the Federal Reserve has pulled off a soft landing. Stocks Power Ahead Big tech was back last week, pushing the Dow and the S&P 500 to new highs early in the week as markets resumed […] READ MORE

Big Win For Big Tech – Weekly Update

January 22, 2024 | By Steven DiGregorio

Stocks finished higher last week, with big tech again leading amid lingering uncertainty over how continued economic strength would influence the Fed’s rate decision. Stocks Dip, Then Rally  Stock prices dropped early in the week before rising to new highs as the week ended. The four-day trading week began with more Q4 bank earnings, which […] READ MORE

Investors Begin to See the Light in Upbeat Week – Weekly Update

January 16, 2024 | By Steven DiGregorio

Stocks pushed higher last week, led by big tech names and boosted by December inflation reports that were mixed but positive enough to shore up investor confidence in Fed rate cuts this year. Stocks Rock and Roll It was a rocky week that ended on a high note. Stocks rallied Monday after the prior week’s […] READ MORE