Tag: S&P 500

Fed Talks Turkey on Lower Rates, Boosting Markets – Weekly Update

November 28, 2022 | By Steven DiGregorio

Growing optimism that the Fed may be ready to ease future interest rate hikes sent stocks higher in a quiet trading week. The Dow Jones Industrial Average gained 1.78%, while the Standard & Poor’s 500 added 1.53%. The Nasdaq Composite index improved 0.72% for the week. The MSCI EAFE index, which tracks developed overseas stock […] READ MORE


Markets Down Ahead of Thanksgiving Holiday – Weekly Update

November 21, 2022 | By Steven DiGregorio

The stock market edged lower last week as it digested a crosscurrent of conflicting economic data and contrasting comments from Fed officials. The Dow Jones Industrial Average was flat (-0.01%), while the Standard & Poor’s 500 declined by 0.69%. The Nasdaq Composite index lost 1.57% for the week. The MSCI EAFE index, which tracks developed […] READ MORE


Cooling Inflation Brings Market Gains – Weekly Update

November 14, 2022 | By Steven DiGregorio

A cooling inflation number ignited a powerful rally on Thursday, sending stocks to strong gains for the week. The Dow Jones Industrial Average gained 4.15%, while the Standard & Poor’s 500 added 5.90%. The Nasdaq Composite index rose 8.10% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, picked up 5.72%.1,2,3 […] READ MORE


Stocks Slip After Powell Comments – Weekly Update

November 7, 2022 | By Steven DiGregorio

Hawkish comments by Fed Chair Jerome Powell, following the announcement of another 75-basis points interest rate hike last week, cast a pall over financial markets, sending yields higher and stocks lower. The Dow Jones Industrial Average slipped 1.40%, while the Standard & Poor’s 500 declined 3.35%. The Nasdaq Composite index lost 5.65% for the week. […] READ MORE


Plenty of Good Things for Wall Street This Week – Weekly Update

October 31, 2022 | By Steven DiGregorio

Stocks overcame poor earnings results from some of America’s largest companies to post gains last week as investors cheered positive earnings surprises, easing inflation and a rebound in economic growth. The Dow Jones Industrial Average rose 5.72%, while the Standard & Poor’s 500 advanced 3.95%. The Nasdaq Composite index added 2.24% for the week. The […] READ MORE


Volatility Reigns; Inflation Remains Unchecked – Weekly Update

October 17, 2022 | By Steven DiGregorio

Stocks were mixed last week amid wide intra- and inter-day price swings, as technology shares bore the brunt of the downdraft. The Dow Jones Industrial Average gained 1.15% for the week. Meanwhile, the Standard & Poor’s 500 slipped 1.55%, and the Nasdaq Composite index dropped 3.11%. The MSCI EAFE index, which tracks developed overseas stock […] READ MORE


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