Market Week: June 10, 2013
Posted by Consuelo on Jun 10, 2013 in Market Week | 0 comments
The Markets
All’s well that ends well: After losing 217 points on Wednesday, the Dow came roaring back with a 207-point gain two days later. Despite all the volatility, domestic equities managed minimal gains for the week across all four indices. Investors seemed reassured that the unemployment rate showed continued stabilization of the economy but not enough progress to bring on a quick end to the Fed’s economic support.
Read MoreMarket Week: May 20, 2013
Posted by Consuelo on May 20, 2013 in AMR, Market Week | 0 comments
The MarketsBears were on the defensive last week as both the Dow and the S&P 500 once again set fresh record highs. Friday’s close put the S&P 500 up almost 147% from its March 2009 low, while the small-cap Russell 2000 has almost tripled since then. Meanwhile, gold followed up on the previous week’s losses by losing some more. The spot price fell below $1,400 an ounce last Monday and kept on going; it ended the week at roughly $1,365, having lost more than 7% in a little over a week. |
Market Week: May 13, 2013
Posted by Consuelo on May 13, 2013 in Market Week | 0 comments
The Markets
And the beat goes on: Amid a week that was relatively light on economic influence, equity markets continued to set new records (except the Nasdaq, which still has a long way to go). The Dow, S&P 500, Nasdaq, and Russell 2000 all appear poised to reach the midyear point nearing or above a 15% gain, while the Global Dow is not far behind. Will the breakneck pace continue? While no one can say for sure, there is certainly no dearth of opinion on the matter. Stay tuned.
Read MoreMarket Week: March 11, 2013
Posted by Consuelo on Mar 11, 2013 in Market Week | 0 comments
The Markets
The Dow finally managed to put the last five-and-a-half years behind it on Tuesday when it surpassed its all-time high of October 2007. Once that milestone was reached, the Dow never looked back, setting fresh records every day for the rest of the week. Meanwhile, the broader S&P 500 was only about 14 points from its own previous high. As money poured into equities, demand for Treasuries fell, sending the 10-year yield soaring.
Read MoreMarket Week: January 22, 2013
Posted by Consuelo on Jan 22, 2013 in Market Week | 0 comments
The Markets
The bulls continued to dominate 2013, encouraged by Friday’s reports of a proposal that could postpone a debt ceiling confrontation for three months. A report that Apple had cut iPhone parts orders helped nibble at the Nasdaq’s performance, but the tech-heavy index managed to remain positive. The other three domestic indices did even better as the Dow hit a level not seen in just over five years.
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