Quick Takes The main U.S. indexes ended the holiday-shortened week higher as signs that the Fed may slow the pace of future rate hikes gave stocks a boost. The S&P 500 rose +1.5%, the tech-heavy Nasdaq Composite was up +0.7%, and the small cap Russell 2000 added...
Quick Takes The main U.S. indexes ended the week with losses as doubts rose about the recent rally being sustained, despite signs of easing inflation. The S&P 500 fell -0.7%, the tech-heavy Nasdaq Composite slid -1.6%, and the small cap Russell 2000 dropped -1.8%....
Quick Takes U.S. stocks posted their biggest daily gain since March 2020 following tepid inflation data from October’s Consumer Price Index (CPI), with the S&P 500 Index up +5.9% for the week. The Nasdaq Composite Index recorded its best week since March, with a...
Quick Takes The Federal Open Market Committee (FOMC) reiterated that future rate increases will be appropriate, and Fed Chair Powell said that the ultimate level of rates will be higher than initially thought and that the notion of a pause any time soon was very...
Market Performance Summary Global stocks surged in October, just a month after a September slide that left many stock indexes well into bear market territory. Stocks and bonds have moved in tandem for much of the year, however, for the most part, bonds did not join in...
Quick Takes Stocks sidestepped disappointing earnings news, especially dismal outlooks from big technology firms, and instead focused on a stronger-than-expected GDP report and inflation data that was in check with expectations. The S&P 500 gained +3.9% for the...
