Markets were closed on March 30 for Good Friday, but in the four days of trading, stocks recovered some of this year’s losses.[i] For the week, the S&P 500 added 2.09%, the Dow gained 2.67%, and the NASDAQ increased by 1.03%.[ii] International stocks in the MSCI EAFE grew 0.81%.[iii] However, on Monday the markets fell […]
What drove last week’s market performance? While talk of tariffs on aluminum and steel imports affected stocks last week, a major jobs report was arguably the biggest market mover.[i] The Bureau of Labor Statistics released its latest jobs report on Friday, and the numbers relieved many investors’ inflation concerns. The data showed that the economy added […]
A popular phrase on long car rides is, “Are we there yet?” That’s also the question a lot of investors have asked since the past two weeks have been such a wild ride. The S&P 500 fell a bit more than 10% from its peak but has rallied significantly since then. So the “Are we there […]
Three stories that have dominated conversations and driven investor attention in 2017 continued last week: Healthcare policy: The Senate’s continuing discussion of healthcare reform impacted stock performance in connected industries Tension with North Korea: The markets responded quietly to continuing conflict between President Trump and Kim Jong Un, although some investments saw a bump later […]
Last week gave a number of things for both investors and non-investors to think—and worry—about. From North Korea’s missiles to Hurricane Harvey’s devastation to an unemployment uptick, the headlines were busy. Yet, despite these circumstances, U.S. stocks posted gains again this week—and the NASDAQ ended Friday with a new record high and 2017’s best weekly […]
The news so far this week has mostly been focused on the devastation from Hurricane Harvey in Texas. Our prayers go out to the many people affected by the storm. Last week provided a number of economic updates, and a report from Fed Chair Janet Yellen helped push the markets higher. [i] Rather than providing […]
Last week, we held our annual Half-Time event in Wilmington. The IronGate family greatly enjoyed seeing clients and guests during the evening. We wanted to provide those who weren’t able to attend a summary of our presentation since there is so much going on in the world right now. In the short term, markets can […]
Generally strong corporate earnings reports helped markets continue to hit highs. The majority of companies that have posted Q2 earnings so far have beaten their estimates. Those earnings performances helped push financials, materials, and energy stocks up by over 1% early in the week.[i] Health care companies also posted substantial earnings as S&P 500 health […]
Internationally, European markets posted soft gains last Friday, though emerging markets fell for a second-straight week.[i] Further, gold dropped to a 5-month low, while bond yields rose globally on weakening bond markets.[ii] In addition, world leaders met last week at the G20 Global Summit and issued a statement supporting open markets. They agreed to fight […]
The Fed reported during the week that the largest U.S. banks passed the stress test evaluating their financial soundness. The test results indicate that banks have the capital structures to withstand difficult economic times.[i] In addition, the results gave banks a green light to pay shareholders dividends and engage in share buybacks.[ii] Other Market News […]
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