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SWS Market Update - U.S. stocks down for four of the last five weeks

U.S. stocks continued their decline on Friday as major corporations such as Goldman Sachs, General Electric and FedEx issued warnings this week, increasing investors fear of a recession. FedEx stated that there is decreasing decline and is closing offices as a result. Goldman Sachs Group is ready to eliminate jobs and General Electric said profits are being affected by the ongoing supply-chain issues. The S&P 500 fell by 0.72% to close at 3873.33 on Friday and was down 4.8% f

SWS Market Update - U.S. stocks continue their decline Friday, despite a positive August jobs report

The Labor Department released their August data showing that the U.S. economy added 315,000 jobs. Despite the positive jobs report, the major benchmark indexes continued their decline on Friday. The S&P 500 shed 1.1% to 3924.26, was down 3.3% for the week and has lost 8.3% over the last three weeks. The Dow Jones Industrial Average went down 1.1% to 31318.44 on Friday and was down 3% for the week. The Nasdaq Composite dropped 1.3% to close at 11630.86 and 4.2% for the week. E

SWS Market Update: U.S. stocks climbed on Thursday after earnings reports

After the release of earnings reports from major companies that were better-than-expected, U.S. stocks closed with gains on Thursday. The S&P 500 went up by 0.99% to close at 3998.95. The Dow Jones Industrial Average gained 0.51% to close at 32036.90 and the Nasdaq Composite climbed 1.36% to close at 12059.61. Economic Reports Initial jobless claims for the week ending July 16 increased from 244,000 to 251,000. Continuing jobless claims for the week ending July 9 climbed from

SWS Market Update - U.S. stocks climbed Friday after retail sales report

The major U.S. indexes rallied on Friday after retail sales reports showed sales increased higher than predicted in June. The markets had a turbulent week as investors were concerned with inflation reaching a forty year high as well as new data showing discouraging quarterly results from the largest U.S. banks. Despite Friday’s rally, all three benchmarks closed the week with losses. The S&P 500 climbed 1.92% to close at 3863.16 on Friday and was down 0.9% for the week. The D

SWS Market Update - Stocks mixed on Monday, one day after highest inflation report in four-decades

The major U.S. stocks were mixed on Thursday, one day after reports that inflation had hit a four-decade high at 9.1% in June. The S&P 500 slipped down 0.30% to 3790.38 and the Dow Jones Industrial Average fell 0.46% to close at 30630.17. The Nasdaq Composite ticked up by 0.03% to close at 11251.19. Economic Reports Producer price index final demand (monthly) increased from 0.9% to 1.1% in June. Economists predicted it would drop to 0.8%. Initial jobless claims also reported

SWS Market Update - June 29, 2022

The U.S. stocks had modest moves on Wednesday after quarterly reports from the first quarter showed a rough start to the year. The combination of inflation, the war in Ukraine, as well as the uncertainty of the global economy have weighed heavily in the first half of 2022. The S&P 500 is on track to having its worst first half in fifty years with the benchmark being down about 20%. The S&P 500 went down by 0.1% to close at 3818.83. The Dow Jones Industrial Average gained 0.3%

SWS Market Update - June 24, 2022

The University of Michigan’s report on inflation expectations for the next 5-10 years dropped in June from 3.3% to 3.1%. Investors were encouraged by this report and the markets reflected this optimism on Friday. The major U.S. stocks closed with gains, ending a three-week losing streak. The S&P 500 went up by 3.06% to close at 3911.74. The Dow Jones Industrial Average gained 2.68% to close at 31500.68, its largest single day gain in over two years. The Nasdaq Composite incre

SWS Market Update - June 10, 2022

U.S. stocks fell on Friday as investors anticipate how much the Federal Reserve will be raising interest rates next Friday. Investors are uncertain whether the Fed will increase rates by half a percentage point or if it will be by three-quarters of a percentage point. The two-year U.S. Treasury note also climbed to its highest rate in over a decade. The SP 500 went down by 2.91% to close at 3900.86. The Dow Jones Industrial Average fell 2.73% to close at 31392.79. The Nasdaq

SWS Market Update - May 23, 2022

U.S. stocks rallied on Monday after a volatile week last week. The S&P 500 gained 1.86% to close at 3973.75, regaining some ground after being very close to entering a bear market on Friday. All eleven sectors of the S&P 500 were in the positive on Monday. The Dow Jones Industrial Average went up 1.98% to close at 31880.24 and the Nasdaq Composite ticked up 1.59% to 11535.27. Markets The SP 500 went up by 1.86% to close at 3973.75. The index is down 0.85% over five days, down

SWS Market Update - May 20, 2022

The major U.S. stock indexes finished the week with losses, continuing a several weeks losing streak. The potential of the recession looms in investors minds, contributing this prolonged stock selloff. The Dow Jones Industrial Average closed slightly higher on Friday notching up 0.03% to close at 31261.90 but was down for the eighth week in a row. The S&P 500 ticked up 0.01% to close at 3901.36 on Friday and was down overall for the seventh week in a row. Finally the Nasdaq C

SWS Market Update - May 19, 2022

U.S. stocks finished lower on Thursday as investors continue to worry about the well-being of the economy. The S&P 500 fell 0.58% to close at 3900.79 and is getting close to being in a bear market. The Dow Jones Industrial Average dropped 0.75% to close at 31253.13 and the Nasdaq Composite went down 0.26% to close at 11388.50. Economic Reports Initial jobless claims for the week ending May 14 increased from 197,000 to 218,000, higher than expected at 200,000. Continuing joble

SWS Market Update - May 18, 2022

Wednesday saw a sharp decline for the major U.S. stock indexes, with the Dow Jones Industrial Average and the S&P 500 reporting their largest percentage declines since June 2020. Earnings reports from retailers such as Walmart and Target contributed to investors concerns about inflation as well as a possible recession. The SP 500 went down by 4.04% to close at 3923.68. The Dow Jones Industrial Average fell 3.57% to close at 31490.07 and the Nasdaq Composite dropped 4.73% to c

SWS Market Update - May 13, 2022

U.S. stocks closed with gains on Friday after a tough week of losses. Despite Friday’s gains, all three benchmark indexes ended the week with losses. The Dow Jones Industrial Average dropped 2.1% and posted its longest losing streak in twenty years as it was down for the seventh week in a row. The S&P 500 fell 2.4% for the week and the Nasdaq Composite went down 2.8% for the week. This was the sixth week of losses for the S&P 500 and the Nasdaq Composite. Economic Reports Imp

SWS Market Update - May 6, 2022

Overview U.S. stocks continued a losing streak by closing lower on Friday with the S&P 500 experiencing its worst weekly losing streak in almost eleven years. The benchmark index fell 0.6% on Friday to 4123.34 and was down 0.2% for the week, its fifth week of losses. The Nasdaq Composite dropped 1.40% to close at 12144.66 and lost 1.5% for the week. The Dow Jones Industrial Average slid down 0.30% to close at 32899.37 on Friday and was down 0.2% for the week. Economic Reports

SWS Market Update - April 14, 2022

U.S. stocks dropped at market close on Thursday as investors continue to worry about rising inflation. The major benchmark indexes closed with weekly losses as well during this shortened trading week. The S&P 500 dropped 1.21% to close at 4329.59. The Dow Jones Industrial Average went down 0.33% to close at 34451.23. The tech-heavy Nasdaq Composite fell 2.14% and closed at 13351.08. Economic Reports Initial jobless claims for the week ending April 9 increased from 167,000 to

SWS Market Update - March 28, 2022

U.S. stocks closed higher on Monday and bond yields continued to remain near their three-year highs. The 2 year Treasury note yield is 2.336% and 10 year is 2.455%. The 10-year yield is up 16.2% over five days, up 62.8% over one month, up 97.7% three months ago, and up 74.1% one year ago. The S&P 500 went up 0.71% to close at 4575.52. The Nasdaq Composite climbed 1.31% to close at 14354.90 and the Dow Jones Industrial Average rose by 0.27% to close at 34955.89. Economic Repor

SWS Market Update - March 25, 2022

U.S. stocks rose for the second week in a row. The S&P 500 went up 0.51% to close at 4543.06 on Friday and went up 1.8% for the week. The Dow Jones Industrial Average ticked up 0.44% to 34861.24 on Friday and was up 0.3% for the week. The Nasdaq Composite dropped 0.16% on Friday to close at 14169.30, but was up 2% for the week. Economic Reports UMich consumer sentiment index (final) saw a slight decrease in March from 59.7 to 59.4. 5-year inflation expectations (final) remain

SWS Market Update - March 24, 2022

The major U.S. stock indexes closed higher on Thursday. The S&P 500 climbed 1.43% to close at 4520.16. All 11 sectors of the S&P 500 went up on Thursday as well with the Information Technology sector gaining +2.71%. The Dow Jones Industrial Average rose by 1.02% to 34707.94 and the tech-heavy Nasdaq Composite went up by 1.93% to close at 14191.84. Economic Reports Initial jobless claims for the dropped for the week ending March 19 from 215,000 to 187,000. Continuing jobless c

SWS Market Update - March 21, 2022

The major U.S. stock indexes closed lower on Monday after Federal Reserve Chairman Jerome Powell spoke at the NABE conference. Mr. Powell stated that the U.S. central bank is committed to combatting inflation and is prepared to raise interest rates by half-percentage-point intervals to achieve this. The S&P 500 went down by 0.04% to close at 4461.18. The Dow Jones Industrial Average fell by 0.58% to close at 34552.99 and the Nasdaq Composite dropped 0.40% to close at 13838.46

SWS Market Update - March 11, 2022

Stocks closed lower on Friday after another volatile week in the markets. The Nasdaq Composite fell 2.18% to end the week at 12843.81 and is down 18% since the beginning of the year. The S&P 500 dropped 1.30% to close at 4204.31 and is down 3.5% for the week. The Dow Jones Industrial Average had its fifth consecutive week of losses, going down 0.69% to close at 32944.19 on Friday and down 2% for the week. Economic Reports UMich consumer sentiment index (preliminary) came in a

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