Weekly Market Recap – August 30th, 2019 In the Markets Going into Monday’s open, worries surrounded President Trump’s response to Chinese retaliatory tariffs when he called for an increase in tariff rates on $525 billion worth of imports. These worries were short-lived, however, as reports referencing communication between China and U.S. negotiators mentioning a restart

Weekly Market Recap – August 23rd, 2019 In the Markets The week began with a rebound for U.S. equities, bouncing back from last week’s losses. Through Thursday’s close, the S&P 500 had gained 1.19%, punctuated by Fed Chairman Jerome Powell’s Jackson Hole Speech, which many saw as alluding to a more dovish stance moving forward

Weekly Market Recap – August 16th, 2019 In the Markets Equity markets began the week on a high note as the White House announced plans to delay the 10% tariff on Chinese goods until December 15th, giving investors’ growth concerns a brief reprieve. The dampening of negative market sentiment was short-lived, however, as major indices

Weekly Market Recap – August 9th, 2019 In the Markets Equity markets continued their slide down, albeit at a much slower pace than the week prior. The NASDAQ fell 0.9%, the Dow Jones slipped 0.7%, and the S&P 500 fell 0.5%. On Monday, the Yuan, China’s currency, dropped to a low since 2008, falling to

Weekly Market Recap – August 2nd, 2019 In the Markets After several weeks of gains and new highs, U.S. equities came falling back to earth last week. The Dow Jones dropped 2.6%, the S&P 500 fell 3.1%, and the NASDAQ lost 3.9%. The main catalyst for the pullback seemed to be the return of tariff

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