Weekly Market Recap

Weekly Market Recap – June 5, 2020

In the Markets
On Thursday, the European Central Bank boosted its Pandemic Emergency Purchase Program by €600 billion ($676 billion). This additional bond-buying stimulus brings the total to €1.35 trillion ($1.53 trillion), and the plan is being extended to June 2121. The euro soared to $1.135 on the news, a level …

Weekly Market Recap – May 29, 2020

In the Markets
Restrictions have been easing in major US cities, and businesses are coming back, though worldwide coronavirus cases hit 6 million. On Thursday, the labor department reported 2.1 new jobless claims; one in every four American workers, more than 40 million, have filed for unemployment since the middle of …

Weekly Market Recap – May 22, 2020

In the Markets
With 2.4 million new unemployment claims this week, bringing the total to 38.6 million since mid-March, this gauge of joblessness would look like a flattening curve on a graph. This aspect of the data contributed to investor confidence in the stock market. Another positive impetus for market participants …

Weekly Market Recap – May 15, 2020

In the Markets
Stock market investors pushed the indices lower this past week, due to a combination of pandemic news, a rekindled US-China trade war campaign and more negative economic data. Retail sales plunged 16.4% in April (worse than the expected 12% setback), registering the largest drop since the reporting of …

Weekly Market Recap – May 8, 2020

In the Markets
This week’s statistics gave investors another snapshot of stresses in the economy and society, as a whole. The Department of Commerce reported that the US trade gap rose to $44.4 billion in March, wider than February’s gap of $39.8 billion. According to the Federal Reserve, Consumer borrowing fell …

Weekly Market Recap – May 1, 2020

In the Markets
Early last week, some businesses across the nation began the process of opening their doors again, adding to investor confidence which was also bolstered by encouraging news about Remdesivir trials.  On Wednesday, the commerce department reported that the gross domestic product contracted 4.8% in Q1. The jobless claims …

Weekly Market Recap – April 24, 2020

In the Markets
This week, the trading markets absorbed Thursday’s labor department report of 4.4 million jobless claims, a number lower than the three previous weekly releases. This brings the total claims reported in April to 23.1 million.
In other Coronavirus related news, more economic stimulus legislation was enacted. On Friday, …

Weekly Market Recap – April 17, 2020

In the Markets
Pandemic news has been the primary fundamental factor in global capital markets since February. As the data has begun showing COVID-19’s curves flattening, investors have been reacting more positively. Recent market action continued the uptrend as stock indexes posted strong gains for a second consecutive week. The Wall …

Weekly Market Recap – April 9, 2020

In the Markets
COVID-19’s spread has led to 16.8 million job losses in the past three weeks. Thursday’s statistic of 6.6 million new unemployment claims was already “in the market” when the figure was released that day. Later that afternoon the Federal Reserve announced a plan for a stimulus package of …

Weekly Market Recap – April 3, 2020

In the Markets
Last week ended the first quarter of 2020; hence, our weekly recap highlights many of the Q1 statistics. The Dow Jones Industrial Average of 30 companies ended the quarter at 21052.53, down 23.2% the period (-2.7% for the week ending April 3rd). The spot S&P 500 index closed …

Weekly Market Recap – March 27, 2020

In the Markets
As the pandemic and the economy again dominated the headlines, the markets appeared less erratic and volatile than they had been since March roared in.
The DJIA spot index ended the week at 21,637, gaining 12.8%, and the S&P 500 closed on Friday at 236.55, a 10.3% rise. …

Weekly Market Recap – March 20, 2020

In the Markets
Last Sunday’s rate cutting action by the Fed to “nearly zero” percent preceded a sharp drop in stock futures that evening. By the end of Monday’s session, the DJIA spot index settled 2,997.10 points lower. The decline of 12.9% was the steepest daily drop since October 19, 1987. …

Weekly Market Recap – March 13, 2020

In the Markets
Last week, the Dow Jones Industrial Average closed down 10.4% from where it had settled the previous Friday. Compared to its high water mark a month ago (29,551 on February 12th) the DJIA had retreated 21.5%. For investors aware of textbook definitions, a decline of more than 20% …

Weekly Market Recap – March 6, 2020

In the Markets
Volatility remained high again this week as tensions surrounding the spreading coronavirus continued to rock the world. During the week’s sessions, the S&P 500 moved within a 235-point range. Despite the numerous factors applying pressure to global markets, major U.S. indices managed gains on the week. …

Weekly Market Recap – February 28, 2020

In the Markets
While markets had managed to shrug off symptoms of the coronavirus for the most part, the last week of February saw the outbreak bring both equities and commodities to their knees. The rate of new cases may have slowed in China, but reports of the virus’s …

Weekly Market Recap – February 21, 2020

In the Markets
Equities began the shortened holiday week by reaching new highs, with the S&P 500 closing Wednesday up 0.18% to start the week, reaching $3,386.15. The rest of the week saw the coronavirus bring markets back down to earth, as the S&P 500 lost 1.43% in the Thursday and …

Weekly Market Recap – February 14, 2020

In the Markets
US equities continued to shrug off symptoms of the Coronavirus outbreak in China. The major indices strung together their second straight week of gains, with the tech heavy NASDAQ leading the charge via a 2.2% increase. The S&P 500 gained 1.6% while the Dow Jones Industrial Average advanced …

Weekly Market Recap – February 7, 2020

In the Markets
The bearish trend experienced by US equity markets in recent weeks was a short lived one, as the major indices soared on positive news. The Dow Jones grew by 3%, the S&P 500 gained 3.2%, and the NASDAQ climbed 4%. Positive sentiment came in many forms, including …

Weekly Market Recap – January 31st, 2020

In the Markets
The outbreak of the coronavirus continued to be the main catalyst driving movement in both equities and commodities, as the pathogen brought with it another week of bearish performance. U.S. stocks posted their worst week since October 2019, with the NASDAQ losing 1.8%, the S&P 500 …

Weekly Market Recap – January 24th, 2020

In the Markets
With U.S. markets closed Monday in memory of civil rights leader Martin Luther King Jr., Equity indices came into the shortened trading week feeling under the weather as a new strain of the coronavirus originating in Wuhan, China spread to Seattle and Chicago, prompting fears of a potential …

Weekly Market Recap – January 17th, 2020

In the Markets
U.S. equity markets continued to soar on the back of positive earnings reports, economic data, and trade news, sending the major indices flying once again to new highs. The Dow Jones Industrial Average climbed 1.5%, the NASDAQ rose 2.3%, and the S&P 500 gained 2.0%. The …

Weekly Market Recap – January 10th, 2020

In the Markets
The first full trading week of 2020 saw U.S. equities beginning the decade reaching new all-time highs. The S&P 500 grew 0.9%, the Dow Jones Industrial Average gained 0.7%, while the NASDAQ led the way advancing 1.8%. These gains occurred in spite of the developments in the …

Weekly Market Recap – January 3rd, 2020

In the Markets
Marking the transition from 2019 to 2020, the week began with extended bullish sentiments in equity markets. Through Thursday’s close, the S&P 500 gained 0.55%, in part because of China’s announcement of plans to cut the reserve requirement ratio by 50 basis points on January 6th. …

Weekly Market Recap – December 27th, 2019

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In the Markets
Some of the biggest news for US …