Weekly Market Commentary for February 22nd, 2021
Stocks ended a choppy week mixed. The S&P and the NASDAQ suffered their first weekly losses this month amid rising interest rates and expectations of growing inflation. For the week, the Dow rose 0.16 percent to close at 31,494.32. The S&P dropped 0.68 percent to finish at 3,906.71, and the NASDAQ fell 1.54 percent to end the week at 13,874.46.
Weekly Market Commentary for February 15th, 2021
THE MARKETS Stocks rose Friday, thanks to a recent drop in new COVID cases and hospitalizations, stronger-than-expected earnings over the past couple weeks, and anticipation of new fiscal aid. The S&P and the NASDAQ closed … Read More
Weekly Market Commentary for February 8th, 2021
Stocks rose Friday amid optimism around earnings, stimulus talks, and the vaccines rollout. The three major indices posted their best weekly gains since November; the S&P 500 and Nasdaq ended at record closing highs. For the week, the Dow rose 3.90 percent to close at 31,148.24. The S&P gained 4.67 percent to finish at 3,886.83, and the NASDAQ climbed 6.04 percent to end at 13,856.30.
Weekly Market Commentary for February 1st, 2021
U.S. stocks suffered steep losses Friday to close a roller coaster week on Wall Street. Volatility caused by retail investors’ heightened speculative trading and new trial results for Johnson & Johnson’s COVID vaccine concerned investors. As a result, the Dow and the S&P entered negative territory for the year. For the week, the Dow fell 3.27 percent to close at 29,982.62. The S&P lost 3.29 percent to finish at 3,714.24, and the NASDAQ dropped 3.48 percent to end the week at 13,070.69.
Weekly Market Commentary for January 25th, 2021
Stocks were mixed Friday as COVID-19 concerns resurged and the future of President Biden’s proposed stimulus package remains uncertain. The S&P and the Dow closed lower while the NASDAQ pushed to a record high. For the week, the Dow rose 0.63 percent to close at 30,996.98. The S&P gained 1.96 percent to finish at 3,841.47, and the NASDAQ climbed 4.19 percent to end at 13,543.06.
Weekly Market Commentary for January 11th, 2021
Stocks closed higher Friday, with the S&P at a record high, despite the Capitol riots and a negative jobs report. Investors appeared buoyed by President-elect Joe Biden’s comment that he would support an economic stimulus package in the trillions of dollars, which would include unemployment benefits and rent forbearance. For the week, the Dow rose 1.66 percent to close at 31,097.97. The S&P gained 1.88 percent to finish at 3,824.68, and the NASDAQ climbed 2.45 percent to end the week at 13,201.98.
Weekly Market Commentary for December 28th, 2020
All three major indices ended a shortened holiday week on an up note as investors digested surging virus cases, the ongoing vaccine rollout, uncertainty over the Georgia runoff, a fall in unemployment claims, and new hurdles to the stimulus bills. For the week, the Dow lost 0.34 percent to close at 30,199.87. The S&P lost 0.49 percent to finish at 3,703.06, and the NASDAQ gained 0.32 percent to end the week at 12,804.73.
Weekly Market Commentary for December 21st, 2020
The Dow Jones, S&P 500, and NASDAQ fell Friday, after all three indices briefly reached records earlier in the day. Investors balanced prospects of a stimulus package, Tesla’s entrance into the S&P, an unexpected rise in jobless claims, and vaccine rollouts. For the week, the Dow rose 0.46 percent to close at 30,179.05. The S&P gained 1.29 percent to finish at 3,709.41, and the NASDAQ climbed 3.07 percent to end the week at 12,755.64.
Weekly Market Commentary for December 14th, 2020
THE MARKETS The S&P 500 and the NASDAQ ended Friday with modest declines despite the FDA’s emergency use authorization of Pfizer’s COVID-19 vaccine for individuals 16 years of age and older. Investors appeared cautious amid … Read More
Weekly Market Commentary for December 7th, 2020
Stocks rose Friday despite a disappointing November jobs report and rising coronavirus cases. Expectations of a new fiscal relief bill helped all three major indices close at record highs. For the week, the Dow rose 1.16 percent to close at 30,218.26. The S&P gained 1.72 percent to finish at 3,699.12, and the NASDAQ climbed 2.14 percent to end at 12,464.23.
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