Weekly Market Update – November 29, 2024

Weekly Market Update – November 29, 2024

Quick Takes It was a holiday-shortened week on Wall Street, but stocks and bonds were able to make solid gains. The benchmark S&P 500 Index rose +1.0% and ended at a record close, while the Bloomberg U.S. Aggregate Bond Index rose +1.4% for the week. Not all...
Weekly Market Update – November 29, 2024

Weekly Market Update – November 22, 2024

Quick Takes Stocks rallied last week, largely wiping out the prior week’s losses. The S&P 500 Index and the Nasdaq Composite Index gained about +1.7% for the week, but small cap stocks were the big winners, with the Russell 2000 Index jumping +4.5%. The U.S....
Weekly Market Update – November 29, 2024

Weekly Market Update – November 15, 2024

Quick Takes Wall Street suffered its worst weekly performance since early September and has now fallen in three of the last four weeks. The S&P 500 Index fell -2.1% last week after jumping +4.1% the week before. Election euphoria faded as attention returned to the...
Monthly Market Update – October 2024

Monthly Market Update – October 2024

Key Points STREAKS ARE OVER – October saw the end of a five-month winning streak for U.S. stocks, an end to a five-month streak of declines for U.S. Treasury yields, and interrupted a three-month streak of declines for the U.S. Dollar Index. ZOMBIES VANISHING...
Weekly Market Update – November 29, 2024

Weekly Market Update – November 8, 2024

Quick Takes A quick and decisive victory by President-elect Donald Trump fueled a strong rally for U.S. stock last week. The S&P 500 Index was up +4.7%, its best week in a year, and the small cap Russell 2000 Index was up +8.6%, its best since April 2020. Concerns...
Weekly Market Update – November 29, 2024

Weekly Market Update – November 1, 2024

Quick Takes Weakening labor data and skepticism about artificial intelligence (AI) capital expenditures resulted in a second straight losing week for the headline S&P 500 Index. The S&P 500 fell -1.4% after slipping -1.0% the prior week, its first two-week...