Weekly Market Update
performance,
market indicators and the week ahead.
weekly market update | 3 min read
IT Disruptions and Biden Drops Out
July 22, 2024
It was the worst week for the S&P 500 in three months. A botched software upgrade by cyber firm CrowdStrike Holdings, Inc. on Friday crashed Microsoft Windows computer systems around the world.
weekly market update | 3 min read
Labor Market Slowing, Corporate Profits Growing
July 15, 2024
Last week, the S&P 500, Dow and Nasdaq gained 0.87%, 1.59% and 0.25%, respectively. But the big news was the performance of Small- and Mid-Cap stocks after the Consumer Price Index (CPI) showed inflation had eased further.
weekly market update | 3 min read
A Winning Holiday-Shortened Week
July 8, 2024
Last week, the S&P 500, Dow and Nasdaq gained 1.95%, 0.66% and 3.50%, respectively, in a 4th of July holiday-shortened week. The US economy added 206K jobs in June, but the unemployment rate rose to 4.1%, its highest level since November 2021.
weekly market update | 3 min read
Don’t Lose Your Balance in the AI Frenzy
July 1, 2024
Last week, both the S&P 500 and Dow slipped by -0.08% while the Nasdaq rose 0.24%. In the first half of 2024, the S&P 500 price is up 14.5% and the gross total return is 15.3%.
weekly market update | 3 min read
S&P 500 Reaches 5,500 Then Retreats
June 24, 2024
Last week, the S&P 500 and Dow jumped by 0.61% and 1.45%, respectively, while the Nasdaq was flat. During the week the S&P 500 reached 5,500 for the first time intraday on Thursday but then stocks slipped into a “Triple Witching” Friday where derivatives on stocks, stock indices ...
weekly market update | 3 min read
The US Federal Reserve That Doesn’t Stand Still
June 17, 2024
Last week, the S&P 500 and Nasdaq jumped by 1.58% and 3.24%, respectively, while the Dow slid by -0.54%.
weekly market update | 3 min read
Stock Market Makes New Highs
June 10, 2024
Last week, the S&P 500, Dow and Nasdaq rose by 1.32%, 0.29% and 2.38%, respectively.
weekly market update | 3 min read
Stocks Slip but Still Post Monthly Gains
June 3, 2024
Last week, the S&P 500, Dow and Nasdaq declined by -0.51%, -0.98% and -1.10%, respectively, but still managed to post monthly gains of 4.80%, 2.30% and 6.88%.
weekly market update | 3 min read
The Blessing of Low Global Expectations
May 28, 2024
The S&P 500 and Nasdaq rose 0.03% and 1.41%, respectively, while the Dow fell by -2.33%. All three indices had recently made new all-time highs, but robust data on Thursday dashed investors’ hopes for near-term Fed rate cuts.
weekly market update | 3 min read
Climbing a Wall of Worry
May 20, 2024
The S&P 500, Nasdaq and Dow gained 1.54%, 2.11% and 1.24%, respectively, as each recorded a new all-time high.