March 1, 2023

February 2023 Market & Economic Recap

Stocks Stocks finished the last day of February in the red, which was indicative of a month that saw losses for the three U.S. equity benchmarks. For the month of February, the stock market’s three major indices performed as follows: Dow -4.2% S&P 500 -2.6% Nasdaq -1.1%   Inflation Inflation took an unexpected turn through January, disappointing what was hoped to be a deflationary trend. For the month, the Consumer Price Index (CPI) increased 0.5% month-over-month, rising 6.4% on an annual basis. That outpaced forecasts, which had anticipated that 0.5% monthly increase but only a 6.2% annual CPI increase. Furthermore, […]
February 1, 2023

January 2023 Market & Economic Recap

  Stocks Stocks rallied on the last day of January to finish off a banner month. Through January, the major stock indices performed as follows: Dow 2.8% SP 500 5.8% Nasdaq 10.7% For the tech-heavy Nasdaq Composite, that was its best January showing since it gained 12.2% in 2001. *** The S&P 500 Index, Down Jones and NASDAQ are market indexes generally considered representative of the stock market as a whole. The index focuses on the large-cap segment of the U.S. equities market. Indices are unmanaged, and one cannot invest directly in an index. Past performance does not necessarily predict […]
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