US equity indexes gained slightly on the week: DJIA +0.1%, S&P 500 +0.2% and NASDAQ rose +0.8%. It seemed a bit like groundhog day for market headlines this week. Investors continued to watch for signs of the possibility of new fiscal stimulus ahead of the election. Brexit negotiations dragged on.…
US equity indexes gained on the week: DJIA +3.3%, S&P 500 +3.8% and NASDAQ rose +4.6%. This was another headline driven week. US President Trump was released from the hospital on Monday. The VP debate took place on Wednesday between Senator Kamala Harris and VP Mike Pence at which a…
US equity indexes posted modest gains for the week: DJIA +1.9%, S&P 500 and NASDAQ rose +1.5%. This was a news and headline heavy week. It started with a contentious first US presidential debate and ended with US President Trump unfortunately announcing via Twitter that he tested positive for Covid-19…
US equity indexes were mixed with selloffs stabilizing a bit in the latter part of the week. DJIA -1.8%, S&P 500 -0.6%, and NASDAQ rose 1.1%. New coronavirus restrictions in the UK, rising case counts in parts of Europe, and lack of a new US fiscal package weighed on market…
US equity indexes were moderately lower this week: DJIA flat, S&P 500 -0.7%, and NASDAQ fell -0.6%. This week, CDC Director Robert Redfield gave fairly specific guidance, saying at a Senate hearing that he sees a COVID-19 vaccine being “generally available to the American public” in the “late second quarter,…
US equity indexes fell this week: DJIA -1.7%, S&P 500 -2.5%, and NASDAQ -4.1%. Tuesday, September 8 was a risk-off day with the S&P 500 down nearly 2.8%. How did bonds do as a hedge? Better than last week (September 3 also was a notable risk-off day for S&P). See chart –…
US equity indexes fell this week: DJIA -1.8%, S&P 500 -2.3%, and NASDAQ -3.3%. On Friday, August US payrolls came in at 1.37 million, approximately on expectations. It was noted that “In August, an increase in government employment largely reflected temporary hiring for the 2020 Census.” The unemployment rate fell…
US equity indexes were stronger: DJIA rose 2.6% to erase its losses from 2020, S&P 500 and NASDAQ both rose over +3.0%. Main market moving events came late in the week — see below. Due to the pandemic, the Jackson Hole Symposium was held virtually this year and was open…
US equity indexes were mixed on the week: DJIA roughly unchanged, S&P 500 +0.7%, NASDAQ +2.7%. Though it was relatively quiet, there were some notable happenings — S&P 500 edged past its pre-pandemic record high to a new one, $AAPL became the first US public company to surpass $2 trillion…
US equity indexes were higher on the week: DJIA +1.8%, S&P 500 +0.64%, failing to close at a record high, and NASDAQ lagged, basically flat for the week. The week started with news that Russia was ready to roll out the first COVID-19 vaccine, “Sputnik-V” despite warnings by global heath…
US equity indexes were higher on the week: DJIA +3.8%, S&P 500 and NASDAQ were both up +2.5%. Friday summed up the themes impacting the market this week when rising US-China tensions and continued uncertainty about the new US coronavirus stimulus package outweighed optimism from the decent July US jobs…
US equity indexes slightly mixed to higher on the week. DJIA -0.16%, S&P 500 +1.73%, and NASDAQ +3.69%. Market focus was on US Q2 GDP, the Federal Reserve Board monetary policy meeting, and major tech company earnings. On Wednesday, the FOMC left the policy setting unchanged and noted that “the path…
