Key Dates/Data Releases2/5: S&P Services PMI2/7: International trade in goods and services Market Week: February 5, 2024The Markets (as of market close February 2, 2024)A strong labor report and solid earnings data from megatech companies helped drive stocks higher last week. Each of the benchmark indexes listed here posted solid gains with the exception of the…
Key Dates/Data Releases1/30: JOLTS1/31: FOMC meeting statement2/1: S&P Manufacturing PMI2/2: Employment situation Market Week: January 29, 2024The Markets (as of market close January 26, 2024)Stocks closed higher last week, with the S&P 500 and the Nasdaq reaching record highs. Investors spent most of the week parsing through corporate earnings results and important economic data. Among the…
Key Dates/Data Releases1/25: Durable goods orders, gross domestic product, international trade in goods, new home sales1/26: Personal income and outlays Market Week: January 22, 2024The Markets (as of market close January 19, 2024)Wall Street closed the holiday-shortened week generally higher, with each of the benchmark indexes listed here posting gains, except for the Russell 2000 and…
Key Dates/Data Releases1/17: Retail sales, import and export prices, industrial production1/18: Housing starts1/19: Existing home sales Market Week: January 15, 2024The Markets (as of market close January 12, 2024)Wall Street saw stocks close higher last week, despite dampening hopes of an interest rate reduction. Each of the benchmark indexes listed here rebounded from a slow start…
Key Dates/Data Releases1/9: International trade in goods and services1/11: Consumer Price Index, Treasury budget1/12: Producer Price Index Market Week: January 8, 2024The Markets (as of market close January 5, 2024)After pulling off a surprisingly strong rally in the fourth quarter of 2023, the stock market took a tumble during the first week of the new year….
Key Dates/Data Releases1/2: S&P Manufacturing1/3: JOLTS1/4: S&P Services Index1/5: Employment Situation Market Week: January 1, 2024The Markets (as of market close December 29, 2023)The markets closed out last week and the year with gains, despite losing steam at the end of the week. Each of the benchmark indexes listed here ended last week higher, with the…
Key Dates/Data Releases12/19: Housing starts12/20: Existing home sales12/21: GDP12/22: Personal income and outlays, durable goods orders, new home sales Market Week: December 18, 2023The Markets (as of market close December 15, 2023)Last week saw stocks rally after the Federal Reserve policy statement released last Wednesday suggested no more interest rate hikes, while predicting rate cuts in…
Key Dates/Data Releases12/12: Consumer Price Index, Treasury statement12/13: Producer Price Index, FOMC meeting statement12/14: Retail sales, import and export prices12/15: Industrial production Market Week: December 11, 2023The Markets (as of market close December 8, 2023)The first week of December saw stocks close higher. Megacaps fueled much of the increase. A better-than-expected jobs report (see below) encouraged…
Key Dates/Data Releases11/27: New home sales11/29 Gross domestic product, International trade in goods11/30: Personal income and outlays12/1: S&P Global PMI Market Week: December 4, 2023The Markets (as of market close December 1, 2023)The markets continued to flourish last week. Investors were not deterred by a warning from Federal Reserve Chair Jerome Powell that interest rate hikes…
Key Dates/Data Releases11/27: New home sales11/29 Gross domestic product, International trade in goods11/30: Personal income and outlays12/1: S&P Global PMI Market Week: November 27, 2023The Markets (as of market close November 24, 2023)Market activity was subdued during Thanksgiving week, which saw stocks close higher. Each of the benchmark indexes listed here gained ground, led by the…
