Weekly Market Commentary
May Flowered
The S&P 500 Index rose 4.96% in May to recover the 4.08% decline from April. For the week, the S&P 500 Index was -0.5%, the Dow was -0.9%, and the NASDAQ was -1.4%. Within the S&P 500 Index, the Energy, Real Estate, and Utility sectors led, while the Technology, Industrial, and Health Care sectors lagged. The 10-year U.S. Treasury note yield increased to 4.486% at Friday’s close versus 4.464% the previous week. The economic focus
Leveling Off
Stocks leveled off last week after a multi-week advance. For the week, the S&P 500 Index was flat, the Dow was -2.3%, and the NASDAQ was +0.4%. Within the S&P 500 Index, the Technology and Communication Services sectors were the only two with a weekly advance. The Energy, Real Estate, and Financial sectors were the biggest laggards. The 10-year U.S. Treasury note yield increased to 4.464% at Friday’s close versus 4.422% the previous week. The
Hello Summer
Stocks advanced to new highs last week. For the week, the S&P 500 Index was +1.6%, the Dow was +1.3%, and the NASDAQ was +2.2%. Within the S&P 500 Index, the Technology, Real Estate, and Health Care sectors led the advance, while the Industrial, Consumer Discretionary, and Materials sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.422% at Friday’s close versus 4.494% the previous week. The April Consumer Price Index (CPI) report showed
Bouncing Back
Stocks advanced in a week with little major data to sway sentiment. For the week, the S&P 500 Index was +1.9%, the Dow was +2.2%, and the NASDAQ was +1.5%. Within the S&P 500 Index, the Utility, Financial, and Materials sectors led the advance, while the Consumer Discretionary, Energy, and Technology sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.494% at Friday’s close versus 4.503% the previous week. Inflation data is back on
Cool Jobs
A steady Federal Reserve and a moderating labor market helped stocks rise for a second consecutive week. For the week, the S&P 500 Index was +0.6%, the Dow was +1.1%, and the NASDAQ was +1.0%. Within the S&P 500 Index, the Utility, Real Estate, and Technology sectors led the advance, while the Energy, Financials, and Materials sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.503% at Friday’s close versus 4.668% the previous week.
Fundamental Victory
Stocks snapped their three-week losing streak on several strong earnings reports. For the week, the S&P 500 Index was +2.7%, the Dow was +0.7%, and the NASDAQ was +4.0%. Within the S&P 500 Index, the Technology, Consumer Discretionary, and Industrial sectors led the advance, while the Materials, Health Care, and Communication Services sectors trailed. The 10-year U.S. Treasury note yield increased to 4.668% at Friday’s close versus 4.614% the previous week. Equity fundamentals were victorious