US equities started the new month with a sizable 2.8% selloff on Friday led by large declines in market-leading Technology stocks, which resulted in a small 0.2% drop in the S&P 500 Index for the week which closed at 2830.1 This…
Market Review: Week Ending 4/24/2020 US equities digested the prior two-week record gains with a modest pullback of 1.3% last week, as the S&P 500 Index closed at 2836.1 Highlights of the week included plans to reopen certain states in the…
Market Review: Week Ending 4/17/2020 US stocks rose for the second consecutive week as the S&P 500 Index gained 3.0% last week to close at 2874.1 The Index has now rallied 31% from its March 23rd low,1 led by the high-growth Technology…
The $2 trillion coronavirus economic stimulus bill is the single largest relief legislation in U.S. history, aimed at providing help for individuals and businesses affected by the outbreak. It was signed into law on March 27, 2020. The CARES Act…
Market Review: Week Ending 4/10/2020 US Stocks rose 12.1% last week on signs that the COVID-19 curve could be flattening, the largest percentage weekly gain in 46 years.2 Along with another $2.3T stimulus from the Federal Reserve,2 this is the primary catalyst…
Market Review: Week Ending 3/20/2020 Despite falling 3.4% on Friday, the S&P 500 Index gained 10.3% last week to close at 2541, registering the largest weekly gain since March 2009.1 At its trough on Monday, the S&P 500 had dropped 36%…
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