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 […]

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 […]

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% […]

  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 […]

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 […]

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 […]