Key Dates/Data Releases4/4: S&P Manufacturing PMI4/4: JOLTS4/5: International trade in goods and services, S&P Services PMI4/7: Employment situation Market Week: April 3, 2023The Markets (as of market close March 31, 2023)Equities closed the week and month higher. Stocks posted gains in four of the five sessions last week, with the Global Dow and the Russell…
In this week’s recap: Mixed message provokes volatility. THE WEEK ON WALL STREET Modest gains in major market indices masked sharp volatility amid the uncertainty arising from mixed messages emanating from public officials and revived banking fears. The Dow Jones Industrial Average gained 1.18%, while the Standard & Poor’s 500 added 1.39%. The Nasdaq Composite index rose 1.66%…
In this week’s recap: Markets cautious after banking woes; awaiting Fed reaction. THE WEEK ON WALL STREET Amid the reverberations of two U.S. banks being taken over by regulators and the spread of uncertainty to European banks, stocks trended higher last week on the strength of the technology sector. The Dow Jones Industrial Average was flat (-0.15%), while…
In this week’s recap: Bad news gives markets a one-two punch. THE WEEK ON WALL STREET Stocks tumbled last week as investors reconsidered their interest rate expectations after Fed Chair Powell’s Congressional testimony that rates may need to go higher. Stocks also were rattled when a west coast bank was placed into receivership on Friday following a…
In this week’s recap: Fed’s reassurance boosts stocks. THE WEEK ON WALL STREET A late-week surge, triggered by reassuring Fed-speak, propelled stocks higher last week. The Dow Jones Industrial Average gained 1.75%, while the Standard & Poor’s 500 advanced 1.90%. The Nasdaq Composite index picked up 2.58% for the week. The MSCI EAFE index, which tracks developed overseas…
In this week’s recap: FOMC says inflation is still too high. THE WEEK ON WALL STREET Concerns over a firmer monetary policy were heightened by fresh economic data, touching off a climb in bond yields and a slide in stock prices last week. The Dow Jones Industrial Average skidded 2.99%, while the Standard & Poor’s 500 dipped 2.67%….
In this week’s recap: Mixed results as interest rate concerns grow. THE WEEK ON WALL STREET Growing concerns about further interest rate hikes, prompted by fresh economic data, reversed early-week gains and left stocks mixed for the week. The Dow Jones Industrial Average slipped 0.13%, while the Standard & Poor’s 500 fell 0.28%. The Nasdaq Composite index advanced…
In this week’s recap: Mixed feelings and mixed earnings. THE WEEK ON WALL STREET Stocks drifted lower as a week of mixed earnings reports and resurgent worries over Fed monetary policy dragged on investor sentiment. The Dow Jones Industrial Average slipped 0.17%, while the Standard & Poor’s 500 declined 1.11%. The Nasdaq Composite index lost 2.41%. The MSCI…
In this week’s recap: Powell: Inflation heading in the right direction. THE WEEK ON WALL STREET Stocks were mixed last week following better-than-expected corporate reports and increasing optimism over a slowdown in interest rates. The Dow Jones Industrial Average edged lower, slipping -0.15%. The Standard & Poor’s 500 rose 1.62% while the Nasdaq Composite index led, picking up…
Earnings and data tell two different stories on near future. THE WEEK ON WALL STREET Stocks added to their early 2023 gains amid a busy stream of mixed corporate earnings results and conflicting economic data. The Dow Jones Industrial Average gained 1.81%, while the Standard & Poor’s 500 added 2.47%. The Nasdaq Composite index rose 4.32% for the…
