highlights Equities finished higher to close out the week, led by the Tech-heavy NASDAQ which gained 2.17% on the week, followed by the Russell, S&P 500, and Dow Jones. Energy was the best performing sector on the week, overcoming OPEC + decision to begin tapering production cuts in January. The sector posted positive gains for…
highlights Domestic stocks posted strong gains throughout the shortened Thanksgiving holiday week, recouping the prior week’s losses. The S&P 500 closed at a record high of 3,638 on Friday, in what was a shortened, half day session. However, this did not surpass the all-time intraday high which was 3,645.99, set on 11/09/20. Themes remained largely…
highlights Equity indexes finished mostly higher with the Dow, Russell 2K and S&P gaining, although the Tech-heavy NASDAQ succumbed to the rotational factors seen over the course of the week and closed lower. The S&P logged another weekly gain, its fourth in six weeks, touching an all-time intraday high of 3,645 on Monday, while the…
highlights The S&P 500 notched its third best weekly performance of the year and it’s best since early April. The move came after the index suffered its largest weekly pullback since March the week prior. Numerous themes remained in play, most of which remain unchanged from prior weeks, the largest being the U.S. election results.…
highlights The S&P 500 had its worst weekly pullback since late March, falling 5.62% The selloff was largely attributed to: Election Uncertainty Worsening U.S. & European Coronavirus trends Continued restrictions and lockdowns throughout Europe Stalling negotiations on a fifth stimulus package Large Tech earnings According to Axios, almost 72K people have tested positive in the…
highlights U.S. equities finished mostly lower on the week as the S&P 500 snapped its three week winning streak The Russell 2K was the only index to buck broader selling pressures, closing up 0.41%. Value outperformed Growth on the week, however there was not a specific catalyst behind the ~100 basis point difference between the…
highlights U.S. equities staged a strong rally last week as the S&P 500 posted its best weekly performance in more than three months, gaining 3.84%, pushing it to its highest levels since early September. All 11 sectors finished higher led by Materials Energy, Utilities, Technology, Healthcare, and Industrials which all closed up over 4.00% on…
highlights U.S. equities finished the week higher as the S&P 500 posted its first gain in four weeks, adding 1.54% over the five days Defensive sectors, REITS, Utilities and Financials were the top three best performing sectors on the week Value and cyclical names outpaced growth and momentum with all of the relative outperformance coming…
highlights S&P 500 and Dow Jones fell on the week while the NASDAQ bucked broader selling pressures, adding 1.13%. The close lower last week for the S&P 500 marked its fourth weekly decline, the longest weekly losing streak in more than a year. Some of the largest YTD underperforming sectors added to their losses and…
highlights Major averages closed slightly lower last week, after the S&P and Nasdaq declined in three straight sessions on Wednesday, Thursday and Friday, causing indices to post their third straight weekly decline, something not seen since March. The Merrill Lynch Fang Index lagged broader markets, falling 4.26% on the week as Mega Cap Tech-related names…