September 2, 2023
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 […]
August 1, 2023
Stock Market In July, stocks continued their favorable run, turning bear to bull in 2023. For the month, the market’s three major indices performed as follows: S&P 500 3.1% The Dow 3.4% Nasdaq Composite 4.1% For the S&P 500 and Nasdaq Composite, July marked the fifth-straight month of gains, the longest green streak in approximately two years. Year-to-date (through July 31st), the market’s major indices have performed as follows: The Dow 7.3% S&P 500 19.5% Nasdaq 37.1% Through the first seven months of 2023, the S&P 500 registered its best start of any year since 1997, while the Nasdaq saw its highest-gaining […]
June 1, 2023
Stock Market In May, stocks ended mixed as the Nasdaq was sparked by AI stocks, debt ceiling worries wiped out earlier S&P gains, and the Dow dropped thanks to double-digit losses by Nike, Disney, Walgreens, Chevron, and more. For the month of May, the three major stock indices ended as follows: Nasdaq Composite +5.8% S&P 500 +0.3% The Dow -3.5% Debt Ceiling Speaker Kevin McCarthy and President Biden struck an agreement in principle to suspend the nation’s borrowing limit over Memorial Day Weekend. The controversial debt ceiling bill then passed the House on May 31st and now must pass the Senate […]
May 1, 2023
Stock Market For the month of April, the stock market’s three major indices performed as follows: Dow Jones Industrial Average 2.48% S&P 500 1.46% Nasdaq Composite 0.1% For the month, the Dow saw its largest monthly gain since January, while the S&P logged its second positive month in a row. Friday, the last trading day of the month, saw solid gains thanks to a series of strong earnings reports, with the Dow rising 0.8%, the S&P the same, and the tech-heavy Nasdaq Composite jumping 0.7%. To date, just over 53% of S&P 500 companies have reported earnings. Of those, 79% […]
April 3, 2023
Stock Market For the month of March, the stock market’s three major indices performed as follows: Dow Jones 1.9% S&P 500 3.5% Nasdaq 6.7% Stocks rallied on the last day of March to end a volatile month on a high note. The Dow Jones Industrial Average posted a 1.3% gain on the last Friday of the month, with the S&P 500 and Nasdaq posting daily gains of 1.4% and 1.7%, respectively. For the first three months of 2023, the Nasdaq Composite increased by 16.8%, its best quarterly gain since 2020. Q1 2023, the Dow posted a 0.5% gain and the […]
March 1, 2023
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
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 […]
January 3, 2023
The Stock Market Stocks finished a robust month by rallying on the last trading day, Friday, June 30th. That also capped a banner quarter and first half of 2023 for the markets. For the month of June, the stock market’s three major indices performed as follows: Dow +4.6% S&P 500 +6.5% Nasdaq +6.6% That was the best monthly performance since October 2022 for the S&P 500 and the fourth consecutive winning month for the Nasdaq. For the second quarter of 2023, the three major indices performed as follows: Dow +3.4% S&P 500 +8.3% Nasdaq +12.8% The Nasdaq has now posted […]