Key Dates/Data Releases5/1: S&P Manufacturing PMI5/2: JOLTS5/3: S&P Services PMI, FOMC statement5/4: International trade in goods and services5/5: Employment situationMarket Week: May 1, 2023The Markets (as of market close April 28, 2023)Stocks ended the week higher as strong corporate earnings data helped offset worries of another round of interest rate hikes, following the Federal Reserve’s…
Key Dates/Data Releases4/25: New home sales4/26: Durable goods orders, international trade in goods4/27: GDP4/28: Personal income and outlaysMarket Week: April 24, 2023The Markets (as of market close April 21, 2023)Stocks were relatively listless last week, with only the Russell 2000 posting a gain of 0.6%. The Nasdaq, the Dow, and the Global Dow fell between…
Key Dates/Data Releases4/18 Housing starts4/20: Existing home sales Market Week: April 17, 2023The Markets (as of market close April 14, 2023) Investors spent much of last week contemplating the impact of the latest inflation data and the first batch of first-quarter bank earnings. The process of disinflation continued, and retail sales softened in March, which are…
Key Dates/Data Releases4/12: Consumer Price Index, Treasury statement4/13: Producer Price Index4/14: Industrial production, retail sales, import and export prices Market Week: April 10, 2023The Markets (as of market close April 7, 2023) Last week, most financial markets closed for Good Friday, although bond markets were open until noon. Stocks ended last week with mixed results, with…
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%….
