Last Week To the casual observer, it was a slightly down week on Wall Street with the S&P 500 drifting 0.4% lower and the Nasdaq Composite shedding 0.7%. Beneath the surface, it was a much brighter story, as advancing issues outnumbered declining issues by 80%....
Last Week Wall Street closed out the first full trading week of the new year at record levels on Friday, with small caps leading the charge. The Russell 2000 surged 4.6%, the S&P 500 reached a new record after gaining 1.6%, and the Nasdaq rallied 1.9%. Tech stocks...
Last Week No Santa Claus Rally, but still no tears (and apparently no fear) for investors who enjoyed an unexpected third year in a row of double-digit returns in the market. The S&P 500 slipped 1.03%, finishing the year with a 16% gain, while the Nasdaq Composite...
Last Week There were no lumps of coal in the stockings of investors as Wall Street closed out the penultimate week of the year with a solid advance. The S&P 500 added 1.4%, the Nasdaq Composite gained 1.2%, while the Russell 2000 inched up 0.2%. Advancing issues...
Last Week Prices on Wall Street were sideways, while trading volume was extremely heavy thanks to “triple witching”, a quarterly phenomenon when stock options, index options, and futures contracts all expire. Declining issues outnumbered advancing issues by a factor...
Last Week It was a small (cap) world after all, at least for Wall Street, as the S&P Small Cap Index rallied 2% while the S&P 500 lost 0.6%. Once again, AI and Fed policy were the determining forces. Shares of Oracle and Broadcom both suffered as investors...
Last Week Wall Street kicked off December with modest gains in anticipation of the impending interest rate cut at this week’s FOMC meeting. The Nasdaq Composite fared the best, notching a 0.9% gain, while the S&P 500 added 0.3%, and the Russell 2000 rose 0.8% to...
Last Week The stock market posted its best Thanksgiving week since 2012, as investors piled into tech and small-cap shares, taking a “risk on” approach in the holiday spirit. The Nasdaq composite scored its biggest Thanksgiving weekly advance since 2008, gaining 4.9%,...
Last Week Wall Street posted its worst week since early October, which would have been even worse had there not been a sharp rally on Friday. Once again, AI and the Fed dominated the narrative. Nvidia's blowout quarterly results on Wednesday after the market close...
Last Week A deal to end the longest U.S. government shutdown in history on Monday got the week off to a strong start, propelling the Dow Jones Industrial Average to a new record on Tuesday, with the index closing above 48,000. Then the mood shifted over concerns about...