#marketupdate

SWS Market Update - Major indexes having worst year since 2002

The major U.S. stocks finished lower on Friday and were down for the week. The benchmark indexes have experienced their worst year in twenty years as investors are dealing with record inflation and the rising interest rates that are attempting to combat it. The Dow Jones Industrial Average dropped into a bear market on Monday and closed out the week down 21% for the year. The S&P 500 is down 25% in 2022 and the Nasdaq Composite is down 32% for the year. On Friday, the S&P 500

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 as investors await interest rates

Anticipation is growing amongst investors as they wait for the Federal Reserve’s meeting to conclude and for the announcement of how much interest rates will be raised. U.S. stocks fell Tuesday as investors await this decision. The SP 500 went down by 1.13% to close at 3855.93. The Dow Jones Industrial Average slipped 1.01% to close at 30706.23. The Nasdaq Composite dropped 0.95% to close at 11425.05. Economic Reports Building permits (SAAR) declined in August to 1.52 million

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: Markets finish higher Thursday

The major U.S. stock indexes climbed on Thursday as investors anticipate Federal Reserve Chairman Jerome Powell’s address on Friday. Investors are watching for how aggressively the Federal Reserve will continue to combat inflation. Economic reports today also showed that the U.S. economy dropped by 0.6% in the second quarter. The S&P 500 increased 1.41% to close at 4199.12 on Thursday. All 11 sectors of the S&P 500 experienced gains today. The Dow Jones Industrial Average wen

SWS Market Update - US stocks climb Friday after a strong week of data

U.S. stocks finished higher on Friday with both the Nasdaq Composite and the S&P 500 closing with gains for their fourth week in a row. Investors were encouraged this week after reports on Wednesday noted that inflation rates dropped from 9.1% June to 8.5% in July. The S&P 500 went up 1.73% to close at 4280.15 on Friday and was up over 3.0% for the week. The Dow Jones Industrial Average climbed 1.27% to close at 33761.05 and was up 2.9% for the week. The Nasdaq Composite tick

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 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

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