LAST WEEK The S&P 500 closed the short holiday week just up over 4%. Markets remained resilient even as negative-leaning COVID-19 headlines continued to capture headlines. With the move higher throughout the week, the S&P 500 stood down just 2.13% from where it began the year, while the Nasdaq pushed higher to close at all-time…
LAST WEEK Major U.S. indexes pulled back and closed on the lows of the week amid concerns of a second wave of COVID-19 as multiple states reported record new cases, causing uncertainty that the economic recovery could falter. The S&P was lower by 2.85%, while the Dow Jones and Nasdaq closed down 3.30% and 1.89%,…
LAST WEEK U.S. equities advanced on the week while posting solid gains as the Nasdaq led the way closing higher by 3.74%, followed by the S&P 500 and Dow Jones, which ended up 1.86% & 1.07%, respectively. The S&P was led by Healthcare, Technology, Consumer Staples, Consumer Discretionary, Materials and Communication Services, all which outperformed.…
MARKET COMMENTARY LAST WEEK U.S. equities finished lower on the week and snapped their impressive three-week winning streak where the S&P gained 11.68% for the period May 15th through June 5th. For the week, the S&P declined 4.73% with numerous reasons emerging for the pullback, including: Increased worries regarding an uptick in Coronavirus infections and…
LAST WEEK U.S. equities once again closed higher for a third straight week as value and cyclical related names continued to outpace growth and momentum factors. The Dow rose 6.8% on the week, trailed by the S&P & Nasdaq which finished up by 4.96% and 3.43% respectively. For the second straight week, all 11 sectors…
LAST WEEK Major averages closed higher on the week, with the S&P 500 finishing up 3% and posting its first back-to-back weekly gains since mid-April. Value versus momentum continued to be a main market theme. The week started with investors once again seeing a strong value tilt with the S&P 500 pure value outperforming pure…
LAST WEEK U.S. equities staged an impressive rally over the course of the week as stocks leveraged to the reopening of the economy outperformed those leveraged to the stay and work from home orders. Investors continue to see value names outperforming growth and momentum, something that has not been in favor for quite some time.…
LAST WEEK U.S. equities finished lower on the week and was led to the downside by Energy, Real Estate, Industrials, Financials, Materials and Utilities which all underperformed the broader market. Energy fared the worst despite WTI crude rising more than 19% on the week and pared gains after several weeks of rallying. REITs sold off…
LAST WEEK U.S. equities staged an impressive rally last week with the S&P closing up 3.56% while the Dow Jones finished +2.67%. All 11 sectors closed in the green for the week ending with May 8th. Weekly gainers outpaced decliners by over 4:1 throughout the course of the week. The VIX declined 25% to 27.98,…
LAST WEEK U.S. equities were mostly lower in a very busy week of earnings releases. Indices started the week with solid gains only to see them erased over the Thursday and Friday sessions. The S&P 500 ended lower by .19%, while the Dow Jones closed down .21% on the back of defensive sectors lagging broader…