Weekly Market Recap – July 14, 2023 The major U.S. stock indexes made a recovery of around 2% to 3%, surpassing their previous week’s losses and reaching the highest levels in 15 months. The NASDAQ had its strongest weekly performance in four months, with a gain of over 3%. A report released midweek on U.S.

Weekly Market Recap – July 7, 2023 The major indices struggled to keep the positive stride from the previous week as the S&P 500 and NASDAQ fell roughly 1%, while the Dow Jones stumbled close to 2%. Thursday saw a drop in stocks due to rising fears over a tightening monetary policy, and a brief

Weekly Market Recap – June 30, 2023 The leading U.S. stock indexes bounced back from their losses in the previous week thanks to broadly favorable economic data that pushed the S&P 500, the NASDAQ, and the Dow Jones up by over 2% each. This marked the ninth out of ten recent positive weeks for the

Weekly Market Recap – June 16, 2023 One week following its transition into a bull market, the S&P 500 marked its fifth consecutive week of gains, a feat not achieved since November 2021. The three primary U.S. indices reported weekly increases ranging from approximately 1% to 3%. Furthermore, the S&P 500 and the NASDAQ reached

Weekly Market Recap – June 9, 2023 Ukraine’s biggest dam, which functioned as a water reservoir and a hydroelectric power source, was blown up last week. Former president Donald Trump was indicted on charges related to classified documents that he removed from the white house. U.S. jobless claims leaped to a nearly two-year high of 261,000.

Weekly Market Recap – June 2, 2023 Finally, after weeks of legislative stalemate, bipartisan negotiations on the debt ceiling broke the impasse. They pulled the U.S. back from the brink of an economic disaster that would have also sparked unknown global consequences. At week’s end, President Biden was finally able to sign the bill. Monthly

Weekly Market Recap – May 26, 2023 As the clock kept ticking, the debt ceiling talks showed progress. At our press time, there is an agreement to raise the limit for two years while cutting and capping some government spending. Congressional passage is not assured, especially in the House of Representatives where Republicans hold a

Weekly Market Recap – May 19, 2023 Disney scuttled its plan for a $1billion office complex in Orlando that would have moved an entire division from California to Florida, bringing over 2,000 jobs to the region. Despite the approaching possibility of an unprecedented U.S. default, there was hardly any progress in the debt ceiling negotiations.

Weekly Market Recap – May 12, 2023 President Biden and Speaker of the U.S. House of Representatives Kevin McCarthy met for negotiations about the debt ceiling; they failed to reach a consensus amid the looming default but have agreed to meet again. The coronavirus public health emergency, declared by the Trump administration in 2020, expired

Weekly Market Recap – May 5, 2023 First Republic Bank, the second-largest U.S. bank to fail, was seized on Monday by regulators, who then accepted a bid from JPMorgan Chase to acquire most of its assets. The largest, Washington Mutual, which failed during the financial crisis of 2008, had also been acquired by JPMorgan Chase.