Weekly Market Update

Last week’s market highlights, closing
performance,
market indicators and the week ahead.

weekly market update | 4 min read

Great Year, Tough Week into Holidays

December 23, 2024

The S&P 500, Dow, and Nasdaq fell by -1.99%, -2.25%, and -1.78%, respectively.

weekly market update | 4 min read

Opportunities, Risks for a “Rule-Breaking” Expansion

December 16, 2024

The S&P 500 and Dow fell by -0.64%, and -1.82%, respectively, while the Nasdaq rose by 0.34%.

weekly market update | 4 min read

Rising US Expectations and “Reflexivity”

December 9, 2024

The S&P 500 and Nasdaq gained 0.96%, and 3.34%, respectively, while the Dow slid by -0.60% after the US economy added a better-than-expected 227K jobs in November alongside a 4.2% unemployment rate and a 4.0% gain in wages from a year ago.

weekly market update | 4 min read

Navigating Tariffs and Deregulation

December 2, 2024

The S&P 500, Dow and Nasdaq gained 1.06%, 1.39% and 1.13%, respectively, as President-elect Trump said he would impose 25% tariffs on Mexico and Canada along with another 10% on China his first day in office.

weekly market update | 4 min read

Start Broadening Investment Horizons

November 25, 2024

The S&P 500, Dow and Nasdaq gained 1.68%, 1.96% and 1.73%. Stocks are trying to find their place after a post-election reaction, 3Q24 earnings, and a Fed that is easing but at a pace dependent on the incoming data.

weekly market update | 4 min read

Post Election Rally Takes a Pause

November 18, 2024

The S&P 500, Dow and Nasdaq shed -2.08%, -1.24% and -3.15%, as investors pared back their Fed rate cut expectations.

weekly market update | 4 min read

Post US Election Update: Driving Faster vs Going Farther

November 11, 2024

The S&P 500, Dow and Nasdaq added 4.66%, 4.61% and 5.74% after a post-election rally that also sent the Russell 2000 index of small-cap stocks 8.57% higher.

weekly market update | 4 min read

Top Tech Takeaways – Companies Have to Spend Money to Make Money

November 4, 2024

The S&P 500, Dow and Nasdaq shed -1.37%, -0.15% and -1.50% after a two-day rout on Wednesday and Thursday on earnings disappointments before sentiment improved on Friday.

weekly market update | 4 min read

Holding the Wheel Steady Ahead of US Election

October 28, 2024

The S&P 500 and Dow shed -0.96% and -2.68%, respectively, to snap a six-week winning streak while the Nasdaq ticked up by 0.16%.

weekly market update | 4 min read

Prepare to Make Volatility an Asset

October 21, 2024

The S&P 500, Dow and Nasdaq gained 0.85%, 0.96% and 0.80% to extend their winning streaks to six weeks.

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Important Information

An investor cannot invest directly in an index. They are shown for illustrative purposes only and do not represent the performance of any specific investment. Index returns do not include any expenses, fees or sales charges, which would lower performance.

The MSCI ACWI (All Country World Index) captures large and mid cap representation across 23 Developed Markets (DM) and 23 Emerging Markets (EM) countries. With 2,483 constituents, the index covers approximately 85% of the global investable equity opportunity set.

S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market. An investment cannot be made directly in a market index.

Dow Jones Industrial Average is a price-weighted index of the 30 “blue-chip” stocks and serves as a measure of the U.S. market, covering such diverse industries as financial services, technology, retail, entertainment and consumer goods. An investment cannot be made directly in a market index.

The Nasdaq composite index is a market-capitalization weighted index of more than 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks.

The MSCI Europe Index captures large and mid-cap representation across 15 Developed Markets (DM) countries in Europe. With 444constituents, the index covers approximately 85% of the free float-adjusted market capitalization across the European Developed Markets equity universe.

The MSCI Japan Index is designed to measure the performance of the large and mid-cap segments of the Japanese market. With 320 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in Japan.

The MSCI Emerging Markets Index reflects performance of large and mid-cap stocks in roughly 20 emerging markets.

The Citi World Broad Investment Grade Bond index is weighted by market capitalization and includes fixed rate Treasury, government sponsored, mortgage, asset backed, and investment grade (BBB–/Baa3) issues with a maturity of one year or longer and a minimum amount outstanding of $1 billion for Treasuries, $5 billion for mortgages, and $200 million for credit, asset-backed and government-sponsored issues.

The Citi U.S. Broad Investment-Grade Bond Index (USBIG) tracks the performance of US Dollar-denominated bonds issued in the US investment-grade bond market. Introduced in 1985, the index includes US Treasury, government sponsored, collateralized, and corporate debt providing a reliable representation of the US investment-grade bond market. Sub-indices are available in any combination of asset class, maturity, and rating.

The Euro Broad Investment-Grade Bond Index (EuroBIG) is a multi-asset benchmark for investment-grade, Euro-denominated fixed income bonds. Introduced in 1999, the EuroBIG includes government, government-sponsored, collateralized, and corporate debt. Sub-indices are available in any combination of asset class, maturity, and rating.

The Citi Emerging Market Sovereign Bond Index (ESBI) includes Brady bonds and US dollar-denominated emerging market sovereign debt issued in the global, Yankee and Eurodollar markets, excluding loans. It is composed of debt in Africa, Asia, Europe and Latin America. We classify an emerging market as a sovereign with a maximum foreign debt rating of BBB+/Baa1 by S&P or Moody's. Defaulted issues are excluded.

The US High-Yield Market Index is a US Dollar-denominated index which measures the performance of high-yield debt issued by corporations domiciled in the US or Canada. Recognized as a broad measure of the North American high-yield market, the index includes cash-pay, deferred-interest securities, and debt issued under Rule 144A in unregistered form. Sub-indices are available in any combination of industry sector, maturity, and rating.

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Bonds are affected by a number of risks, including fluctuations in interest rates, credit risk and prepayment risk. In general, as prevailing interest rates rise, fixed income securities prices will fall. Bonds face credit risk if a decline in an issuer’s credit rating, or creditworthiness, causes a bond’s price to decline. High yield bonds are subject to additional risks such as increased risk of default and greater volatility because of the lower credit quality of the issues. Finally, callable bonds can be subject to prepayment risk. When interest rates fall, an issuer may choose to borrow money at a lower interest rate, while paying off its previously issued bonds. As a consequence, those investors who held the called bond will be forced to reinvest in a market where prevailing interest rates are lower than when the initial investment was made.

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