Tag: rate hike

Stocks End Summer with Gloomy News – Weekly Update

September 25, 2023 | By Steven DiGregorio

Rising bond yields and fears of a government shutdown hammered stocks last week, with technology shares bearing the brunt of the retreat. The Dow Jones Industrial Average lost 1.89%, while the Standard & Poor’s 500 dropped 2.93%. The Nasdaq Composite index tumbled 3.62% for the week. The MSCI EAFE index, which tracks developed overseas stock […] READ MORE

Fed Rate Hike Triggers Market Dip – Weekly Update

June 21, 2022 | By Steven DiGregorio

Stocks Tumble Stocks were under pressure all week due to inflation worries, higher yields, and rising recession concerns. In advance of the much-awaited mid-week meeting of the Federal Open Market Committee (FOMC), bond yields jumped, and stocks retreated on speculation that the Fed might raise rates by 75 basis points. When the Fed announced a […] READ MORE

Stocks Rally in Changing Landscape – Weekly Update

March 21, 2022 | By Steven DiGregorio

Stocks Roar After surrendering gains on Monday, stocks surged higher for four consecutive days. The rally was propelled by strong economic data, the outcome of last week’s Federal Open Market Committee (FOMC) meeting, and reports that Russia made interest payments on its sovereign debt, avoiding technical default. The uptrend began with a drop in oil […] READ MORE

Rate Hike Talk Sinks Stocks – Weekly Update

January 24, 2022 | By Steven DiGregorio

Another Turbulent Week After the holiday weekend, stocks found little respite from this month’s selling pressures. The week began with the 10-year Treasury yield hitting a two-year high that triggered a broad retreat in stocks, with technology and other high-growth companies bearing the brunt of the losses. The Nasdaq Composite officially entered correction territory and […] READ MORE

Is a Rate Hike Coming? Weekly Update

March 9, 2017 | By Steven DiGregorio

On Wednesday, March 1, the three major domestic indexes all had their best performance in 2017 and reached record highs yet again. In fact, the S&P 500 hit 2,400 for the first time ever on the same day the Dow went above 21,000 for the first time. While the markets cooled slightly on Thursday and […] READ MORE