Stock Markets U.S. stocks logged their best weekly gain since early April as investors reacted to the increased possibility of a divided government, including a potential Biden win and continued Republican control in the Senate. The final results of the U.S. election are still unknown as of Saturday. However, the market began to price in […]
Weekly Market Review – October 31, 2020
Stock Markets Last week marked the 11th time this year that the S&P 500 has closed more than 2% lower than where it started the week, compared with a yearly average of around six times since 2010. The sell-off was largely driven by news that daily coronavirus cases have hit new record highs, and by […]
Weekly Market Review – October 24, 2020
Stock Markets Following three consecutive weekly advances, stocks declined modestly last week. The news flow was dominated by headlines around the negotiations for another round of fiscal relief from Washington before the election, which is fast approaching. The 10-year Treasury yield rose to the highest level in four months amid expectations that a potential Biden […]
Weekly Market Review – October 17, 2020
Stock Markets Equity markets finished slightly higher last week as investors continue to hope for a fiscal stimulus package. On the vaccine front, some trials have been paused due to health concerns, and Pfizer has filed an emergency-use plan for the end of November. Retail sales continue to be a bright spot for the economy, […]
Weekly Market Review – October 10, 2020
Stock Markets Stocks climbed last week, with the S&P 500 recording the best weekly gain since early July, while long-term government yields rose to a four-month high. The driver behind the equity-market strength was the anticipation that another stimulus package will eventually be passed despite the shaky negotiations so far. The White House increased its […]
Weekly Market Review – October 3, 2020
Stock Markets Stocks brushed off the uncertainties around the economic recovery and finished the week higher on hopes that Congress will reach a deal on another coronavirus-relief bill. Attention turned back to the virus and its effects after news that President Trump and First Lady Melania Trump have both tested positive for COVID-19 and that […]
Weekly Market Review – September 26, 2020
Stock Markets Stocks fell last week, marking the longest weekly slide since 2019, as investors continue to digest news that U.S./China trade tensions are rising, a coronavirus vaccine won’t be widely available until April of 2021, jobs data came out worse than expected, and expectations are fading that a new fiscal stimulus package will be […]
Weekly Market Review – September 19, 2020
Stock Markets U.S. stocks closed at a six-week low, driven by weakness in technology stocks, which exert an outsized influence on major indexes because of their size. Even though more than 70% of the S&P 500 stocks were higher, the index closed lower for the third week in a row. On the flip side, cyclical, […]
Weekly Market Review –September 5, 2020
Stock Markets The equity markets saw volatility return last week, with Thursday seeing declines of 3% and Friday 1%1. Before this last week, the S&P 500 advanced for four straight weeks, with technology stocks leading the index to a new record high. The strength of the stock market, though, seemingly disconnected from current economic fundamentals, […]
Weekly Market Review – August 29, 2020
Stock Markets Markets finished higher last week, on track for its best August in 34 years, and continuing the rally after the third bear market in two decades. The S&P 500 is up nearly 52% since the bear market bottom on March 23, and is up nearly 8% for the year, posting a new record […]