Despite the second-quarter GDP showing the U.S. economy lost one-third of its value (on an annualized basis), the S&P 500 continued its grind higher and closed July up more than 5%. Technology was the dominant sector, leading the Nasdaq Index to outperform the S&P 500 with a 7% return, it’s fourth consecutive month of positive […]
Amid corporate earnings, weakness in jobless claims, and a return of U.S.-China tensions, the S&P 500 Index finished last week in the red. Technology stocks have been the place to be since the stock market bottomed on March 23rd; however, those were the stocks leading the market into negative territory. Chances are, this was due […]
The Coronavirus continues its steady spread around the world, imperiling healthcare systems and economies of all in its path. The COVID-19 curves have rolled like waves peaking in China in February, early April in Europe, and late April in the U.S. Latin American countries are now experiencing the surge in cases and are taking aggressive […]
Fears of continued COVID-19 outbreaks across the country did not stop technology stocks from continuing their leg higher. While the rest of the stock market is not on the same torrid pace, the broad market did finish the week higher. Last week was more of a waiting period for upcoming economic and corporate data. This […]
The second quarter came to an end last week, completing a reversal from the first quarter. The S&P 500 Index ended the quarter up more than 20%, as the loose policy from both the Federal Reserve and Congress outweighed COVID-19 fears that existed in March. July got off to a strong start as well after […]
After spending a few weeks in the background, COVID-19 risk stepped front and center last week. Hot spots emerged around the country, forcing officials to slow state re-opening plans and even reinstate some measures we became accustomed to during quarantine. The resurgence of COVID-19 cases has pushed the stock market to question whether a V-shaped […]
After a week of positives from May retail sales results and additional easing measures from the Federal Reserve, the market rebounded from a down week and ended in positive territory. Friday took a step back as a familiar foe in the COVID-19 pandemic reminded us there is still a long way to go before we […]
After a two-month rally, we were quickly reminded that risks remain in the stock market, sending the S&P 500 to its worst week since the depths of the COVID pandemic in March. The stock market seemed to be looking past negative data recently, but when the Federal Reserve released new growth estimates last week, the […]