Market Week: September 23, 2013

The Markets

What the Fed giveth, the House taketh away: Jubilation on Wall Street after the Fed decided not to begin tapering immediately gave way to concerns about the potential impact of renewed battles over the federal budget and U.S. debt ceiling. The Dow and the S&P 500 hit record closing highs after the Fed announcement only to give back most of those gains by week’s end.

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Market Week: September 16, 2013

The Markets

After weeks of uncertainty, investors last week seemed to feel more optimistic about the prospects for averting both conflict in Syria and heavy-handed tapering at home by the Federal Reserve. Three straight days of triple-digit gains gave the Dow industrials their best week since the first of the year, and the small-cap Russell 2000 was only nine points from its all-time high set in early August. The Nasdaq also surpassed its August high.

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Market Week: September 3, 2013

The Markets

As some sort of U.S. military strike in Syria began to seem increasingly likely, investors had something else to worry about in addition to the Federal Reserve. That translated into weakness in equities. Heading into what has historically been a relatively weak month for stocks, the Dow industrials had lost almost 4.5% during August, while the S&P 500 was down just over 3% for the month.

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Market Week: August 12, 2013

The Markets

With little fresh economic data and some hawkish hints from Fed officials about September’s monetary policy meeting, equities traders seemed to have decided that last week was a good time to take some profits in the wake of record highs. After five straight positive weeks, the Dow industrials took a breather, while the S&P 500, Nasdaq, and Russell 2000 all had their worst week since the Federal Reserve laid out its blueprint for reducing its economic support.

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Market Week: September 17, 2012

The Markets

Equities had a second strong week, helped along by a German court and the Federal Reserve. The S&P 500 has now gained more than 4% in the last two weeks, and all four indices are at their year-to-date highs. The renewed enthusiasm for stocks helped send Treasury yields soaring as prices fell.

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