Last Week In ReviewLast week, stocks posted solid gains despite another outsized 75-basis-point rate hike from the Federal Reserve and news that the economy contracted at a 0.9% annual rate in the second quarter. The “bad news is good news” dynamic appeared to have...
Last Week In ReviewStocks remained volatile last week in light summer trading as investors absorbed inflation data and the first major second-quarter corporate earnings reports. Last Thursday morning, the S&P 500 Index touched its lowest intraday level since June...
Last Week In ReviewLast week’s stocks erased much of the previous week’s losses on optimism that the Federal Reserve will be able to curb inflation without tipping the economy into a recession. The gains pulled the S&P 500 Index out of “bear market” territory,...
Last Week In ReviewLast week the major indexes surrendered a portion of the previous week’s substantial gains as worries grew that the Federal Reserve’s fight against inflation would push the economy into recession. The S&P 500 Index closed out its worst first...
Last Week In ReviewLast week signs that inflation might be moderating as growth cooled helped stocks rally sharply over the holiday-shortened week, lifting the S&P 500 Index out of bear market territory. Nearly every sector in the index recorded substantial gains....
Last Week In ReviewThe Federal Reserve’s most aggressive rate hike since 1994 raised recession fears and sent stocks sharply lower for a consecutive week. Last week the S&P 500 Index recorded its worst weekly decline since March 2020 and entered a bear market,...
Last Week In ReviewLast week stocks finished with steep losses despite some early-week strength. The equities market turned south on Thursday afternoon, and the selling accelerated on Friday following the release of hotter-than-expected consumer price index (CPI) data...
Last Week In ReviewLast week stocks surrendered a portion of the previous week’s substantial gains as investors continued to question whether the Federal Reserve will be able to rein in inflation without causing a recession. Industrials shares outperformed, helped by...
Last Week In ReviewLast week continued the equity markets weekly losing streak as fears grew that inflation was causing consumers to pull back on discretionary spending, setting the stage for a coming recession. At its low point last Friday, the S&P 500 Index was...
Last Week In ReviewLast week stocks recorded more losses as investors appeared to grow increasingly skeptical that the Federal Reserve will be able to achieve a “soft landing” for the economy by raising rates enough to tame inflation without causing a recession. The...
Last Week In Review“Wash, rinse, and repeat” seems to be the theme of equities right now. Most of the major benchmarks endured a fifth consecutive week of losses as interest rate and inflation worries weighed on sentiment, especially toward growth stocks. Last week’s...
Last Week In ReviewLast week the major indexes endured a fourth consecutive week of losses. Growth fears were compounded by some disappointing earnings results from Amazon.com, which has a heavy weighting (price-weighted) in many major indexes. The S&P 500 Index...