#markets

SWS Market Update - Dow Jones Industrial Average hit lowest level since November 2020

The Dow Jones Industrial Average dropped to its lowest level since November 2020. The growing concern over the possibility of recession, inflation, and the war in Ukraine are weighing heavily on investors minds and the global markets. The S&P 500 dropped by 1.72% to close at 3693.23. The Dow Jones Industrial Average fell 1.62% to 29590.41 and the Nasdaq Composite lost 1.80% to 10867.93. Economic Reports S&P U.S. manufacturing PMI (flash) reported a slight increase in Septembe

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: Stocks drop as investors concern over interest rates rise

Stocks drop on Tuesday for the third session in a row as investors concerns about raising interest rates continues to grow after Federal Reserve Chairman Jerome Powell’s remarks on Friday. All three benchmark indexes are on the path to falling at least 3% in August. The S&P 500 dropped 1.10% to 3986.16 on today and has lost 5.1% since Friday’s sell-off. The Dow Jones Industrial Average fell 0.96% to 31790.87 and the Nasdaq Composite lost 1.12% to close at 11883.14 on Tuesday

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 24, 2022

After Monday’s rally, the S&P 500 and the Nasdaq Composite fell by market close on Tuesday. Investors concerns over inflation, the economy, and the possibility of recession in combination with the new home sales report showing a drop in home sales in April weighed on the markets today. The S&P 500 slid 0.81% to 3941.38. The Nasdaq Composite went down 2.35% to 11264.45. The Dow Jones Industrial Average climbed 0.15% to close at 31928.62. Economic Reports S&P Global U.S. manufa

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 9, 2022

The major U.S. stock indexes continued to fall on Monday, finishing the day at their lowest levels thus far in 2022. Concerns about inflation and changes to monetary policy by the Federal reserve are still at the forefront of investors’ minds, contributing to the uncertainty of the markets. The SP 500 went down by 3.20% to close at 3991.24. The Dow Jones Industrial Average dropped 1.99% to close at 32245.70 and the tech-heavy Nasdaq Composite fell 4.29% to close at 11623.25.

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

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