Weekly Market Commentary for October 28th, 2019
Optimism on trade talks and encouraging signs in corporate earnings propelled stocks Friday. Encouraging news included better-than-expected third-quarter earnings and a report that Washington was close to finalizing parts of a trade pact with Beijing. The S&P achieved its biggest weekly percentage gain in seven weeks, and the NASDAQ posted its biggest in eight weeks. For the week, the Dow rose 0.70 percent to close at 26,958.06. The S&P gained 1.23 percent to finish at 3,022.55, and the NASDAQ climbed 1.90 percent to end the week at 8,243.12.
Weekly Market Commentary for October 21st, 2019
Stocks fell Friday; the Dow fell nearly 200 points. Several negative factors contributed to investor pessimism. Boeing and Johnson & Johnson experienced steep losses. A report showed China’s economy slowed to 6 percent in the third quarter – the slowest pace since the early 1990s. The Conference Board think tank reported the U.S. economy grew more slowly in September. For the week, the Dow rose 1.08 percent to close at 26,770.20. The S&P gained 1.66 percent to finish at 2,986.20, and the NASDAQ climbed 1.75 percent to end at 8,089.54.
Weekly Market Commentary for October 14th, 2019
Stocks ended higher Friday but lower than their session highs. On Thursday, President Trump announced a partial trade deal between China and the U.S. The positive news helped the S&P break a three-week losing streak. For the week, the Dow rose 2.37 percent to close at 26,816.59. The S&P gained 2.10 percent to finish at 2,970.27, and the NASDAQ climbed 2.35 percent to end the week at 8,057.04.
Weekly Market Commentary for October 7th, 2019
Stocks rose Friday following a September jobs report that hit the sweet spot. The Bureau of Labor reported 136,000 jobs were added – enough to dampen recession fears but not enough to diminish expectations of a rate cut when the Federal Reserve meets later this month. The Dow and S&P still fell for their third straight week. For the week, the Dow fell 0.88 percent to close at 26,573.72. The S&P lost 0.30 percent to finish at 2,952.01, and the NASDAQ climbed 0.54 percent to end the week at 7,982.47.
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