Weekly Market Recap

Weekly Market Recap – July 26th, 2019

In the Markets
With 40% of S&P 500 companies having reported earnings for the quarter, the index advanced another 1.7% on the week. The NASDAQ also gained on strong earnings reports, up 2.3% on the week. Most of the earnings reports came in better than analysts’ expectations, sparking continued growth from …

Weekly Market Recap – July 19th, 2019

In the Markets
After setting new all-time highs on multiple occasions in 2019, the major indices fell back down slightly. The Dow Jones dropped 0.7% last week, but held above the 27,000 benchmark. The NASDAQ and S&P 500 both lost 1.2% on the week, with the S&P dipping back …

Weekly Market Recap – July 12th, 2019

In the Markets
On Wednesday, Fed Chairman Jay Powell spoke before Congress in the semi-annual testimony on monetary policy. His testimony led many to interpret a pivot by the Fed to a dovish approach to the economy. The Chairman’s focus on poor growth in the first quarter, including slowing consumer spending …

Weekly Market Recap – July 5th, 2019

In the Markets
As the shortened week marked the United States’ 243rd birthday, President Trump’s meeting with Chinese leader Xi Jinping at the G20 summit in Osaka yielded progress as China and the U.S. agreed to suspend new tariffs and renew negotiations. Additionally, the June employment report showed 224,000 new jobs …

Weekly Market Recap – June 28th, 2019

In the Markets
Through Wednesday, the S&P 500 dropped 1.24%. A late week rebound, however, resulted in a weekly loss for the index of just 0.29%. With optimism surrounding G-20 summit meetings between President Trump and President Xi, as well as expected rate cuts, the S&P 500 posted a …

Weekly Market Recap – June 21st, 2019

In the Markets
In its June meeting, the Fed left interest rates unchanged, sharing that rate cuts are on the horizon. The dovish fed policy, echoed by ECB President Mario Draghi, showed a trend of global rates coming down. In the wake of these financial policy announcements, equity markets rose …

Weekly Market Recap – June 14th, 2019

In the Markets
Equities remained stable this week as the U.S. and Mexico reached an agreement to avoid the proposed tariffs on all imports from Mexico. The markets were also bolstered by continued expectations regarding a Fed rate cut, as well as optimism surrounding U.S.-China meetings at the G-20 summit …

Weekly Market Recap – June 7th, 2019

In the Markets
Despite losses in FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) along with a weak May employment report, the S&P 500 posted its best week of 2019, gaining 4.4%. The Dow Jones posted a strong performance as well, up 4.7%, along with a 3.9% gain by the NASDAQ. …

Weekly Market Recap – May 31st, 2019

In the Markets
The S&P 500 capped off a 6.6% loss in May dropping 2.6% on the week amidst further trade tensions. The week was marred with escalation between the U.S. and China. Chinese state run newspaper People’s Daily warned that China, whose companies mine more than 70% of …

Weekly Market Recap – May 24th, 2019

In the Markets
Several companies joined Google in suspending business with China’s telecommunication company Huawei. Reports indicated that the U.S. is considering more Chinese corporations to join Huawei on the restrictions list. However, Huawei was granted a 90-day reprieve to work with U.S. companies to service existing networks and …

Weekly Market Recap – May 17th, 2019

In the Markets
China increased the tariffs on $60 billion in U.S. imports from a range of 5-10% to 5-25% as a response to recent U.S. tariffs. The move was announced on Monday with a June 1st start date. President Trump responded on Wednesday with an executive order aiming to …

Weekly Market Recap – May 10th, 2019

In the Markets
Equity markets were rocked by the return of tariff discussions to the center stage. The U.S. raised tariffs from 10% to 25% on $200 billion in Chinese imports, with President Trump promising another 25% tariff on $350 billion worth of imports. China promised retaliation, escalating tensions …

Weekly Market Recap – May 3rd, 2019

In the Markets
The S&P 500 began the week setting all-time highs, with Monday intraday prices less than $0.50 shy of 2,950 on its way to a record close to end April. The index then fell, down 0.76% on the week by Thursday’s close, only to rally on Friday with a …

Weekly Market Recap – April 26th, 2019

In the Markets
The S&P 500 and NASDAQ set new highs closing the week, with the S&P 500 up 1.2%, and the NASDAQ gaining 1.9% on the week. The S&P 500’s gains marked a 17.3% year to date increase as the index approached $2940. This latest rise in U.S. …

Weekly Market Recap – April 18th, 2019

In the Markets
Two of the major indices finished nearly flat on the week, with the NASDAQ up 0.2%, and the S&P down 0.1%. The Dow Jones advanced 0.6% on the shortened holiday week. With earnings reports in full swing, with one third of the S&P 500 having reported, …

Weekly Market Recap – April 12th, 2019

In the Markets
The International Monetary Fund cut its global growth forecast from 3.5% to 3.3%, while the United Kingdom avoided immediate Brexit repercussions, delaying the deadline to October 31st. The default decision, if nothing changes in the coming 6 months, remains a “No-Deal Brexit”, with no firm trade plan …

Weekly Market Recap – April 5th, 2019

In the Markets
Strong economic news out of the U.S. and China provided a lift to equity markets. The China March Purchasing Managers’ Index (PMI) signified modestly faster growth as it expanded following 6 straight months of mild contraction. Additionally, the U.S. employment report for March showed a hiring rebound …

Weekly Market Recap – March 29th, 2019

In the Markets
With the first quarter of 2019 in the books, the S&P 500 has posted its strongest quarterly performance in a decade. The S&P 500 finished the week up 1.2% on its way to a 13% gain on the quarter, just 3% off of its all-time high. The two …

Weekly Market Recap – March 22nd, 2019

In the Markets
The week started with the S&P 500 climbing to a new high for 2019 amid positive investor sentiment regarding U.S. Treasury yields and a dovish Fed. However, gains were wiped away on Friday, marking a 0.8% decline on the week for the S&P. The NASDAQ also fell, down …

Weekly Market Recap – March 15th, 2019

In the Markets
U.S. equities rebounded from the losses of the prior week. The NASDAQ led the charge with a 3.9% gain, followed by the S&P 500’s 2.9% gain and the Dow Jones’ 1.6% climb. Fed Chair Jerome Powell continued to tout the Fed’s patient stance on 60 minutes, part of …

Weekly Market Recap – March 8th, 2019

In the Markets
U.S. equities finished lower across the board with a batch of bearish news from around the globe. The U.S. employment report for February revealed weak job growth, with just 20,000 net jobs added, as wages rose at their fasted pace in a decade. Shrinking global growth was again …

Weekly Market Recap – March 1st, 2019

In the Markets
As February came to a close, the S&P 500 completed its best two month start to a year since 1987 with the index gaining 11.5%. The indices continued to climb into March, closing Friday with a YTD growth of 11.8%. The NASDAQ gained 0.9%, finishing the week with …

Weekly Market Recap – February 22nd, 2019

In the Markets
U.S. equities finished their fourth straight week of gains. The U.S-China trade talks provided positive news, with the two sides reporting unspecified progress towards agreements regarding currency, as well as China’s commitment to obtain $1.2 trillion in U.S. goods. Discussions are still ongoing on the topic of forced …

Weekly Market Recap – February 15th, 2019

In the Markets
The S&P 500 climbed another 2.5% on the week, coming within 6% of its all-time high. The other two major U.S. equity indices followed suit, with the Dow Jones up 3.1% and the NASDAQ gaining 2.4%. Reports point to positive developments in the U.S. negotiations with China, including …