WEEKLY MARKET RECAP – AUGUST 23, 2024 The S&P 500, NASDAQ, and Dow all rose over 1% for the week, continuing their recovery from early August’s rough patch, though they didn’t match the previous week’s strong gains. After a choppy start, stocks rallied Friday following remarks by U.S. Federal Reserve Chair Jerome Powell. The major

WEEKLY MARKET RECAP – AUGUST 16, 2024 After two weeks of heightened market volatility, the major U.S. stock indexes posted their strongest weekly gains of 2024. The NASDAQ jumped over 5%, the S&P 500 gained 4%, and the Dow rose 3%, all buoyed by positive data on inflation, retail sales, and consumer sentiment. Consumer price

WEEKLY MARKET RECAP – AUGUST 9, 2024 The major indexes ended the week slightly lower, recovering from the biggest sell-off in nearly two years. The S&P 500 came close to correction territory, down 9.71% from its January high on Monday, while the Nasdaq Composite dropped 15.81% from its peak after entering correction territory the previous

WEEKLY MARKET RECAP – AUGUST 2, 2024 Weak labor market data and mixed earnings reports weighed on stocks, leading to a third consecutive weekly decline for the S&P 500 and NASDAQ, while the Dow snapped its four-week winning streak. The sell-off intensified on Friday, leaving the S&P 500 5.7% below its July 16 record high,

WEEKLY MARKET RECAP – JULY 26, 2024 The S&P 500 and NASDAQ declined for the second consecutive week amid volatile trading, while the Dow continued its upward trend, marking its fourth straight weekly gain. Modest rallies on Monday and Friday were insufficient for the S&P 500 and NASDAQ to counter a mid-week sell-off on Wednesday.

WEEKLY MARKET RECAP – JULY 19, 2024 The NASDAQ dropped nearly 4%, ending a six-week winning streak as several mega-cap technology stocks slid for the second consecutive week. The S&P 500 experienced a smaller decline of around 2%, while the Dow was an outlier with a nearly 1% gain. For the second week in a

WEEKLY MARKET RECAP – JULY 12, 2024 The Dow rose nearly 2%, outperforming the fractional gains of the S&P 500 and the NASDAQ, and came just shy of joining its peers in record territory. This result left the Dow 3 points below the record set two months earlier, when it closed above 40,000 points for

WEEKLY MARKET RECAP – JULY 5, 2024 The NASDAQ and the S&P 500 pushed their record levels higher again, posting weekly total returns of 3.5% and 2.0%, respectively. For the NASDAQ, it was the tenth positive week out of the past eleven. The Dow gained 0.7% and remained 1.6% below its record set in mid-May.

WEEKLY MARKET RECAP – JUNE 28, 2024 The S&P 500 posted a minor weekly decline, while the NASDAQ saw a slight rise, with both indexes remaining near record-high levels in a quiet trading week. The Dow slipped and stayed about 2% below its record high set six weeks earlier. The U.S. Federal Reserve’s preferred inflation

WEEKLY MARKET RECAP – JUNE 21, 2024 The S&P 500 and NASDAQ pushed their record levels higher once again, posting fractional gains and marking their eighth positive week out of the past nine. The Dow Jones Industrial Average climbed over 1% but remained more than 2% below its record high set a month earlier. As