June 3, 2024

May 2024 Market & Economic Recap

Stock Market May brought the sixth winning month in seven for the market’s major benchmarks. For the month, Wall Street’s three major indices performed as follows: The Dow +2.3% S&P 500 +4.8% Nasdaq +6.88% All three indices set records for the month of May; the Dow had its best May performance since 2020, while the S&P 500 and Nasdaq haven’t had a better May showing since 2003.   Inflation May’s Consumer Price Index (CPI-U) report revealed that prices rose 0.3% in April, according to data from the U.S. Bureau of Labor Statistics. On a 12-month basis, the Consumer Price Index […]
May 1, 2024

April 2024 Market & Economic Recap

  Stock Market Stocks fell on the last trading day of April to cap a losing month. The stock market’s three major indices performed as follows in April: S&P 500 -4.2% Nasdaq -4.4% The Dow -5% It was the Dow’s worst monthly slide since September 2022, while all three major indices ended five straight months of gains. Disappointing wage data and a new round of inflation fears capsized markets on the final day of April. But despite a brutal month for equities, the S&P 500 is still up more than 20% from its recent low as of October 2023. Of […]
April 1, 2024

March 2024 Market & Economic Recap

Stock Market Stocks rallied in the final hour of trading on March 28th, the last session of the month thanks to markets being closed for Good Friday, propelling the S&P 500 to an all-time high. For the month, the market’s three major indices performed as follows: Nasdaq 1.8% The Dow 2.1% S&P 500 3.1% March marked the fifth straight winning month for all three major averages. Recapping a glowing first quarter of 2024, the three major indices registered these gains for the three-month period: The Dow 5.6% Nasdaq 9.1% S&P 500 10.2% For the Nasdaq, it was the first record […]
March 2, 2024

February 2024 Market & Economic Recap

  Stock Market The stock market capped off its fourth straight month of gains in February. For the month, the market’s three major indices performed as follows: The Dow 2.22% S&P 500 5.17% Nasdaq 6.12% The S&P 500 and the Nasdaq showed their best returns for any February since 2015. Looking at the first two months of the year as a whole, the S&P 500 and the Dow have registered their best start since 2019 (+6.8% and + 3.5%, respectively), with the tech-heavy Nasdaq surging 7.2% over the first two months of 2024. February’s rally was relatively broad, spilling out […]
February 2, 2024

January 2024 Market & Economic Recap

Stock Market January’s solid gains were upended on the final day of the month with Fed Chairman Jerome Powell’s comments that a March rate cut was “probably not the most likely case.” On that news, U.S. stocks logged their biggest daily drop of 2024. The S&P 500 fell 1.6% for the day, and the Nasdaq Composite saw its largest single-day decline since December 2022. But tempered hopes for a March rate cut didn’t spoil the entire month’s gains after the markets entered all-time high territory multiple times in January, still ending positive. For the month of January, the stock market’s […]
January 1, 2024

December 2023 Market & Economic Recap

Stock Market Strong market headwinds pushed stocks higher through December, continuing November’s rally and nearing record highs before falling just short on the last trading day of the month – and the year. In all, the S&P 500 closed just 0.6% below its record high of 4,796.56 on January 3, 2022. The index rose for a ninth straight week to end December, Q4, and 2023, the S&P 500’s most substantial quarterly gain since Q4 of 2020. Wall Street’s three major indices all finished December positive, adding to their strong gains in 2023. The Nasdaq climbed a remarkable 40%+ over the […]
December 2, 2023

November 2023 Market & Economic Recap

Stock Market Markets rallied in November on the basis of a stronger-than-anticipated economy, resilient consumer, tempered inflation, and the realization that the Fed will likely pause rate hikes. For the month, Wall Street’s three major indices performed as follows: The Dow +8.8% S&P 500 +8.9% Nasdaq +10.7% In November, both the S&P 500 and the Nasdaq Composite saw their biggest monthly gains since July 2022, and the Dow broke its three-month losing streak in bold fashion.   Inflation November’s highly anticipated Consumer Price Index report revealed the cost of goods and services remained flat from October, with annual inflation increasing […]
November 1, 2023

October 2023 Market & Economic Recap

Stock Market Despite regaining ground on the last day of the month, October proved subpar for the equity markets on fears of war in the Middle East, surging bond yields, and shaky earnings from Big Tech. For the month, Wall Street’s three major indices performed as follows: The Dow -1.4% S&P 500 -2.2% Nasdaq -2.8% It was the third-straight losing month for both the Dow and S&P 500, the first three-month negative streak since March 2020. Likewise, the tech-heavy Nasdaq saw its third consecutive losing month. The previous Friday saw the S&P 500 officially enter correction territory, defined as 10% […]
October 2, 2023

September 2023 Market & Economic Recap

  Stock Market Inflation uncertainty and the specter of an imminent government shutdown drove markets in what turned out to be a shaky September for stocks. For the month, the market’s three major indices performed as follows: The Dow -3.5% S&P 500 -4.9% Nasdaq -5.8% The Nasdaq and S&P posted their worst performing month of the year in September and the worst since December 2022, while the Dow saw its worst month since February. For the quarter (Q3), the three major indices performed as follows: The Dow -2.6% S&P 500 -3.7% Nasdaq -4.1%   Jobs and Unemployment According to the […]
September 2, 2023

August 2023 Market & Economic Recap

The Stock Market August is often a turbulent month for Wall Street, and August 2023 was no exception. For the month, the three major stock market indices performed as follows: S&P 500 -1.77% Nasdaq Composite -2.17% The Dow -2.36% A strong close to the month – including four winning days for the S&P 500 and the Dow and five consecutive positive days for the Nasdaq Composite – couldn’t keep the stock market out of the red. In August, the tech-heavy Nasdaq saw its worst monthly losses for 2023 and worst month since December 2022, while the S&P 500 saw its […]
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