Monthly Archives: February 2017

The Markets (as of market close February 24, 2017)

Most of the benchmark indexes listed here rallied by the close of the market last Friday to finish ahead for the week. The Dow led the way by marking its 11th consecutive week of positive gains, followed by the S&P 500, which has not experienced a daily swing of more than 1.0% since mid-December. Favorable corporate earnings reports and higher oil prices, which boosted energy stocks, helped drive the large-cap indexes upward. The Nasdaq barely finished in the black, while the Russell 2000 closed down by more than a quarter of a percent. Continue reading

The Markets (as of market close February 17, 2017)

Equities closed last week in positive territory, as several of the indexes listed here posted record gains. Some positive economic news, particularly from FOMC Chair Janet Yellen, and favorable corporate earnings reports may have enticed investors to stay in the market. The Dow, S&P 500, and Nasdaq, each gained over 1.50% on the week, while the Global Dow increased over 1.0% lifting its year-to-date increase in value to over 5.0%. Continue reading

The Markets (as of market close February 10, 2017)

The stock indexes listed here posted a strong week of gains as the Dow, S&P 500, and Nasdaq each achieved record highs. Long-term bond prices also rose last week, with the yield on 10-year Treasuries falling 6 basis points. Favorable fourth-quarter corporate earnings reports, coupled with President Trump’s proposal to lower taxes for businesses, helped drive equities. Continue reading

The Markets (as of market close February 3, 2017)

Stocks fell early last week, with the Dow dropping below 20000, while yields on long-term Treasuries receded as prices climbed with increased demand. However, news that the Fed was not raising interest rates this month, coupled with a favorable jobs report and the potential for regulatory reductions from the White House, seemed to rally equities by week’s end. Only the Dow and Global Dow could not quite reach their prior week’s closing values, as each of the other indexes listed here posted gains. The Nasdaq is up over 5.0% year-to-date compared to -12.8% over the same period in 2016. Continue reading