Weekly Commentary

THE WEEK ON WALL STREET – February 25, 2020

Traders paid close attention to coronavirus developments and earnings last week, while wondering how the former might eventually impact the latter. Concern over updated infection numbers moderated risk appetite. A pair of key stock benchmarks posted similar weekly...

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THE WEEK ON WALL STREET – February 19, 2020

Daily headlines about the coronavirus had little impact on stock market averages last week. Earnings and mergers had more influence. All three Wall Street benchmarks improved. The Nasdaq Composite rose 2.21%, outpacing the S&P 500, up 1.58%, and the Dow Jones...

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THE WEEK ON WALL STREET – February 11, 2020

Stocks advanced four days out of five during the past market week, erasing the losses of the week before. The Nasdaq Composite surged 4.04%, the S&P 500 3.17%, and the Dow Jones Industrial Average 3.00%. Foreign stocks also rallied: the MSCI EAFE index added...

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THE WEEK ON WALL STREET – January 28, 2020

Stock prices fell last week as investors considered the potential health and economic risks of the flu-like coronavirus. Foreign stock markets, as tracked by the broad MSCI EAFE index, fell 1.03% for the week. Coincidentally, the S&P 500 lost exactly that much...

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THE WEEK ON WALL STREET – JANUARY 22, 2020

Traders were in an upbeat mood last week, reacting to news out of Washington: the signing of the phase-one trade deal between the U.S. and China as well as the Senate passage of the U.S.-Mexico-Canada Agreement (USMCA). In addition, a new earnings season started. Risk...

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THE WEEK ON WALL STREET – JANUARY 14, 2020

The market had a choppy five days, with traders reacting to geopolitical developments and weaker-than-expected jobs data. Even so, the three major U.S. equity indices posted weekly gains and continued their strong start to the new year. During Friday’s trading...

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THE WEEK ON WALL STREET – January 7, 2020

Stocks descended from record highs Friday, as traders reacted to a U.S. drone strike that killed Iran's top military officer. Oil prices rose more than 3% following the breaking news.1 Wall Street benchmarks ended up having a sideways week, shortened by the New Year's...

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WHAT DROVE THE MARKETS? – December 31, 2019

Four factors influenced investment performance in 2019: a shift in U.S. monetary policy, the ongoing trade dispute between the U.S. and China, earnings, and the economy. Stocks reached record highs in 2019. The S&P 500 climbed above 3,000 for the first time. The...

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THE WEEK ON WALL STREET – December 17, 2019

The U.S. and China announced a limited trade agreement last week. That news lifted U.S. and foreign stocks, leading to weekly gains. Advancing 0.91% on the week, the Nasdaq Composite outperformed the S&P 500 (up 0.73%) and Dow Jones Industrial Average (up 0.43%)....

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THE WEEK ON WALL STREET – December 10, 2019

Key Wall Street benchmarks were up and down last week - or rather down and then up. A Tuesday retreat was offset by a Friday rally spurred by the Department of Labor's November jobs report. While the S&P 500 managed to rise 0.16% for the week, the Dow Jones...

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