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

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

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

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

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

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

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

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

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%

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