Weekly Market Commentary for May 10th, 2021
Stocks rose to record levels Friday despite negative economic news. The Labor Department reported just 266,000 non-farm jobs were added last month, far from the 1 million forecasters expected, and the unemployment rate rose 6 percent. Bad news seemed to be good news to investors expecting the Fed to keep interest rates low. For the week, the Dow rose 2.72 percent to close at 34,777.76. The S&P gained 1.26 percent to finish at 4,232.60, and the NASDAQ dropped 1.48 percent to end at 13,752.24.
Weekly Market Commentary for May 3rd, 2021
Stocks dropped on the final trading day of the month as investors set aside concerns over rising inflation and possible future tax hikes. After closing above 4,200 on Thursday, the S&P notched its third straight month of gains. The NASDAQ finished its sixth consecutive month of gains. For the week, the Dow fell 0.50 percent to close at 33,874.85. The S&P rose 0.04 percent to finish at 4,181.17, and the NASDAQ dropped 0.38 percent to end at 13,962.68.
Weekly Market Commentary for April 26th, 2021
Stocks rebounded Friday after dropping Thursday following reports President Biden planned to propose doubling capital gains taxes on individuals earning $1 million or more. But the S&P ended Friday close to its record high amid expectations of a strong earnings report this week. For the week, the Dow fell 0.42 percent to close at 34,043.49. The S&P lost 0.11 percent to finish at 4,180.17, and the NASDAQ dropped 0.25 percent to end at 14,016.81.
Weekly Market Commentary for April 19th, 2021
Stocks rose Friday amid encouraging economic data and corporate earnings. The Dow and the S&P topped record highs; the Dow crossed the 34,000 threshold for the first time on Thursday. For the week, the Dow rose 1.18 percent to close at 34,200.67. The S&P gained 1.39 percent to finish at 4,185.47, and the NASDAQ climbed 1.10 percent to end the week at 14,052.34.
Weekly Market Commentary for April 12th, 2021
Despite an unexpected jump in jobless claims, stocks rose Friday amid the accelerating vaccine rollout and reopening optimism. Both the Dow and the S&P hit record closing highs. For the week, the Dow rose 1.99 percent to close at 33,800.60. The S&P gained 2.76 percent to finish at 4,128.80, and the NASDAQ climbed 3.13 percent to end the week at 13,900.19.
Weekly Market Commentary for April 5th, 2021
Stocks rose on the final trading day before a holiday weekend after President Biden introduced his $2 trillion infrastructure and economic recovery package. The S&P crossed the 4,000 mark for the first time. For the week, the Dow rose 1.64 percent to close at 33,153.21. The S&P gained 2.84 percent to finish at 4,019.87, and the NASDAQ climbed 3.88 percent to end the week at 13,480.11.
Weekly Market Commentary for March 29th, 2021
Stocks rose Friday after February data showed lower price pressures, which eased inflation concerns. Each major index rose more than 1 percent. For the week, the Dow rose 1.36 percent to close at 33,072.88. The S&P gained 1.58 percent to finish at 3,974.54, and the NASDAQ dropped 0.57 percent to end the week at 13,138.72.
Weekly Market Commentary for March 22nd, 2021
The Dow Jones and the S&P 500 fell Friday after the Federal Reserve decided not to extend a pandemic rule, which relaxed banks’ supplementary leverage ratio, allowing them to hold less capital against Treasurys and other holdings. For the week, the Dow fell 0.45 percent to close at 32,627.97. The S&P lost 0.74 percent to finish at 3,913.10, and the NASDAQ dropped 0.77 percent to end the week at 13,215.24.
Weekly Market Commentary for March 15th, 2021
Stocks ended mixed on Friday. Tech stocks slid as Treasury yields rose. The Dow Jones and the S&P achieved record closing highs after President Biden signed the stimulus bill into law. For the week, the Dow rose 4.17 percent to close at 32,778.64. The S&P gained 2.69 percent to finish at 3,943.34, and the NASDAQ climbed 3.12 percent to end at 13,319.86.
Weekly Market Commentary for March 8th, 2021
Stocks ended higher Friday, reversing earlier losses. A report showing faster-than-expected job growth in February encouraged investors. Despite the rebound, the NASDAQ was negative for a third week in a row. For the week, the Dow rose 1.85 percent to close at 31,496.30. The S&P gained 0.84 percent to finish at 3,841.94, and the NASDAQ fell 2.05 percent to end at 12,920.15.
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