Weekly Commentary

Weekly Commentary – June 10, 2024

THE WEEK ON WALL STREET Stocks rose last week despite conflicting stories from economic reports. The Dow Jones Industrial Average inched up 0.29 percent while the Standard & Poor’s 500 Index powered ahead 1.31 percent. The Nasdaq Composite led, picking up 2.38...

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Weekly Commentary – June 4, 2024

THE WEEK ON WALL STREET Stocks edged lower in the final week of May as fresh news on economic growth and inflation failed to inspire investors. STOCKS SLIDE Markets shrugged off news that the Q1 Gross Domestic Product was revised lower to 1.3 percent from the initial...

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Weekly Commentary – May 20, 2024

THE WEEK ON WALL STREET Stocks notched a solid gain last week in a mega-cap, tech-led rally bolstered by positive inflation news. DOW 40,000 The week began quietly as market averages traded in a tight range, awaiting fresh inflation news. On Tuesday, markets rose...

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Weekly Commentary – May 13, 2024

THE WEEK ON WALL STREET Stocks notched a solid gain last week as rate-cut expectations paced the rally as the Q1 earnings season wound down. STOCKS CLIMB STEADILY Monday opened with stocks picking up where they left off the prior Friday. Stocks were still basking in...

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Weekly Commentary – May 6, 2024

THE WEEK ON WALL STREET Stocks notched a solid gain last week, rallying behind upbeat earnings, a dovish Fed, and mixed economic data. STOCKS POP, DROP, THEN RALLY Markets began the week with an upward bump as positive news from some mega-cap tech companies outweighed...

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Weekly Commentary – April 29, 2024

THE WEEK ON WALL STREET Stocks staged a choppy comeback last week as investors cheered positive earnings, led by mega-cap tech stocks. The rally came to pass despite fresh data showing a slowing economy and increasing inflationary pressures. STOCKS BOUNCE BACK. TWICE....

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Weekly Commentary – April 22, 2024

THE WEEK ON WALL STREET Stocks fell for a third straight week, as Fed Chair Jerome Powell's mixed but upbeat message could not offset the anxiety caused by the Middle East conflict. STOCKS RETREAT Markets began the week rattled by further escalation in the Middle East...

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Weekly Commentary – April 15, 2024

THE WEEK ON WALL STREET Stocks fell last week as investors sorted through conflicting inflation reports and assessed geopolitical tensions. INFLATION SPOOKS MARKETS On Wednesday, the March Consumer Price Index (CPI) report rattled markets, revealing that inflation...

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Weekly Commentary – April 8, 2024

THE WEEK ON WALL STREET Stocks dropped last week as investors focused on “what's next” for interest rates after mixed comments from multiple Fed officials. FED OFFICIALS WEIGH IN Stocks struggled out of the gate again last week, ending Monday and Tuesday in the red on...

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Weekly Commentary – April 1, 2024

THE WEEK ON WALL STREET Stocks were narrowly higher for the week as investors digested mixed economic news about consumer confidence. All three of the major averages posted gains for Q1 2024. STOCKS FINISH STRONG Markets slipped for the first half of the four-day week...

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