US equity indexes fell this week: DJIA -1.8%, S&P 500 -2.3%, and NASDAQ -3.3%. On Friday, August US payrolls came in at 1.37 million, approximately on expectations. It was noted that “In August, an increase in government employment largely reflected temporary hiring for the 2020 Census.” The unemployment rate fell…
US equity indexes were stronger: DJIA rose 2.6% to erase its losses from 2020, S&P 500 and NASDAQ both rose over +3.0%. Main market moving events came late in the week — see below. Due to the pandemic, the Jackson Hole Symposium was held virtually this year and was open…
US equity indexes were mixed on the week: DJIA roughly unchanged, S&P 500 +0.7%, NASDAQ +2.7%. Though it was relatively quiet, there were some notable happenings — S&P 500 edged past its pre-pandemic record high to a new one, $AAPL became the first US public company to surpass $2 trillion…
US equity indexes were higher on the week: DJIA +1.8%, S&P 500 +0.64%, failing to close at a record high, and NASDAQ lagged, basically flat for the week. The week started with news that Russia was ready to roll out the first COVID-19 vaccine, “Sputnik-V” despite warnings by global heath…
US equity indexes were higher on the week: DJIA +3.8%, S&P 500 and NASDAQ were both up +2.5%. Friday summed up the themes impacting the market this week when rising US-China tensions and continued uncertainty about the new US coronavirus stimulus package outweighed optimism from the decent July US jobs…
US equity indexes slightly mixed to higher on the week. DJIA -0.16%, S&P 500 +1.73%, and NASDAQ +3.69%. Market focus was on US Q2 GDP, the Federal Reserve Board monetary policy meeting, and major tech company earnings. On Wednesday, the FOMC left the policy setting unchanged and noted that “the path…
Week In Review US equity indexes finished lower on the week. DJIA -0.7%, S&P 500 -0.2%, and NASDAQ -1.3%. Technology shares and tech-heavy NASDAQ fared the worst. The week started with positive sentiment with an agreement on the EU Budget and Next Generation EU (NGEU) Recovery Fund out of a marathon…
Week In Review US equity indexes were mixed on the week. The S&P 500 and DJIA were up +1.2% and +2.3% respectively. Nasdaq fell -1.1% as major tech names were lower. On the positive side, investors focused on upbeat vaccine news. On the negative side, investors were concerned with rising coronavirus…
Week In Review The week started off in risk-on mode on Monday as Shanghai Composite was up 5.71% in the Asia trading session. The positive equity index price action followed through to the European and New York trading sessions on the day. China equities remained in focus throughout the week…