Weekly Market Commentary
Fed Finale
The S&P 500 Index fell modestly last week. For the week, the S&P 500 was -0.8%, the Dow Jones Industrials -1.8%, and the NASDAQ +0.8%. The Communication Services, Consumer Discretionary and Technology sectors led the market, while the Materials, Utility and Health Care sectors lagged. The 10-year U.S. Treasury note yield increased to 4.398% at Friday’s close versus 4.149% the previous week. The Federal Reserve’s final meeting of the year is scheduled for Tuesday and
Fed on Deck
The November rally continued into the first week of December. For the week, the S&P 500 was +1.0%, the Dow Jones Industrials -0.5%, and the NASDAQ +3.3%. The Consumer Discretionary, Communication Services, and Technology sectors led the market, while the Energy, Utility, and Materials sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.149% at Friday’s close versus 4.193% the previous week. The November Employment Situation Report showed 227,000 new jobs created versus expectation
The Shop is On
The equity markets continued their post-election gains, turning November into the best month of the year. For the week, the S&P 500 was +1.1%, the Dow Jones Industrials +1.4%, and the NASDAQ +0.8%. The Consumer Discretionary, Health Care, and Real Estate sectors led the market, while the Energy, Technology, and Materials sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.193% at Friday’s close versus 4.418% the previous week. With a Federal Reserve policy
Not in a Hurry
Stocks gave back some of their post-election gains as concerns over the pace of interest rate cuts by the Federal Reserve emerged based on comments from Fed Chair Jerome Powell. For the week, the S&P 500 Index was -2.0%, the Dow Jones -1.2%, and the NASDAQ -3.4%. The Financial, Energy, and Utility sectors led the market, while the Health Care, Materials, and Technology sectors lagged. The 10-year U.S. Treasury note yield increased to 4.441% at
Election Bump
Equity markets rose sharply after the results of the U.S. elections. Equity markets had their best week of the year with the S&P 500 +4.7%, the Dow +4.6%, and the NASDAQ +5.4%. All eleven sectors in the S&P 500 Index were positive for the week. The Consumer Discretionary, Energy, and Industrial sectors posted the strongest advances, while the Consumer Staples, Utility, and Material sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.288% at
Week of Weeks
Equity markets declined for a second week. For the week, the S&P 500 was -1.4%, the Dow -0.1%, and the NASDAQ -1.6%. Within the S&P 500 Index, the Communication Services and Consumer Discretionary sectors posted the only two weekly advances, while the Technology, Real Estate and Utility sectors saw the greatest declines. The 10-year U.S. Treasury note yield increased to 4.375% at Friday’s close versus 4.239% the previous week. The most impactful week of the