Weekly Market Recap: Week Ending 11/30/2018 In the markets: U.S. Markets: The major U.S. indexes rebounded strongly this week as Federal Reserve Chair Jerome Powell said that the federal funds rate is “just below” a neutral level (from his previous “a long way” from neutral), instantly moderating expectation of future interest rate hikes. The comments...Read More
Weekly Market Recap: Week Ending 11/23/2018 In the markets: U.S. Markets: U.S. stocks endured a second week of losses, primarily due to sell-offs on Monday and Tuesday. Declines were particularly evident in technology stocks, but energy stocks were also particularly weak as crude oil prices continued to tumble. The Dow Jones Industrial Average fell...Read More
Market Recap: Week Ending 11/2/2018 In the markets: U.S. Markets: U.S. stocks recorded solid gains for the week. The Dow Jones Industrial Average rallied 582 points, or 2.4%, ending the week at 25,270. Despite a weak close on Friday and disappointing earnings from tech-bellwether Apple, the technology-heavy Nasdaq Composite gained 2.7%, closing at 7,356. ...Read More
Market Recap: Week Ending 10/26/2018 In the markets: U.S. Markets: U.S. stocks experienced another week of sharp declines – the fourth down week of the last five. The large cap S&P 500 and the Nasdaq Composite indexes joined the small cap benchmarks in correction territory—down more than 10% from their recent peaks. The Dow Jones...Read More
Market Recap: Week Ending 10/19/2018 In the markets: U.S. Markets: The major U.S. stock indexes produced mixed results for the week as a strong rally on Tuesday was offset by a sell-off Thursday and, for much of the market, Friday. The Dow Jones Industrial Average rose 104 points last week to close at 25,444, while...Read More
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