June 3, 2022
The stock market Wall Street’s rollercoaster ride continued throughout May with three weeks of volatility, including the major indices hitting a 52-week low on May 20. On that date, the S&P 500 registered an interday decline of almost 21% since its January high, and the Dow fell for the eighth consecutive week, its longest weekly losing streak since 1923. But May’s swoon was salvaged by a strong finish the last week of the month, with the S&P 500 rallying by nearly 8.5% through June 1, 2022. For the month, the three major indices performed as follows: S&P 500 0.2% Dow Jones […]
May 6, 2022
April 2022 stock market recap. For April, the three major stock indexes registered: S&P 500 -8.8 percent Down Jones -4.9 percent Nasdaq -13.3 percent Year-to-date in 2022, the big three indexes registered: S&P 500 -13.3 percent Dow Jones -9.3 percent Nasdaq -21.2 percent Market measures. The S&P 500 is off to its worst start to a year since 1939, while the tech-heavy Nasdaq is off to its most auspicious beginning since 1971, and the DOW Jones Industrial Average is showing losses not experienced since the COVID year of 2020. In April, the Nasdaq had its worst monthly performance since 2008. […]
April 5, 2022
March stock market recap Wall Street rebounded soundly in March after seeing negative returns in February. For the month of March, the three major indexes showed positive returns. March 2022: Dow Jones Industrial Average +2.3% Nasdaq Composite +3.4% S&P 500 Index +3.6% Stock market in the red for Q1 Finishing well into the red, Q1 of 2022 marked the worst quarter for the stock market since Q1 of 2020, two years ago, when the S&P 500 sank 20%. Stock market recap for the first quarter of 2022: Dow Jones Industrial Average -4.6% Nasdaq -9.1% S&P 500 -5.0% Market corrections According to Yardeni Research, […]
March 5, 2022
The Stock Market. As February waned, news of increasing conflict in Ukraine upended markets both home and abroad. For the month: The Dow Jones Industrial Average -3.53% Standard & Poor’s 500 Index -3.14% Nasdaq – 3.43% However, despite initial swoons upon the news of Russia’s invasion, stocks rebounded and have exhibited manic volatility throughout the end of February and the first days of March. Wall Street Falls into Correction Territory. The last three years have seen a windfall on Wall Street, with robust gains for investors. In fact, the S&P 500 saw returns of 31.49% in 2019, 18.4% in 20202, […]
February 4, 2022
Stocks In January 2022, the stock market saw some of its biggest declines in almost two years and even brief movement into correction territory. For the month: The S&P 500 was down 5.3%. Dow Jones Industrial Average was down 3.3%. Nasdaq Composite down 8.9%. That was the S&P 500’s worst month since March of 2020 when it saw a 12.5% decline. It was also Nasdaq’s worst month since March 20202. However, while starting the month with a swoon, stocks rebounded in the final days and continued a healthy recovery in February. Index prices are still more than 90% recovered from their […]
January 7, 2022
Jobs and Unemployment December’s job report was a pleasant surprise when just released a few days ago, far surpassing expectations and estimates. According to private payroll firm ADP, employers added 807,000 jobs in December 2021, an exceedingly strong finish to 2021. Previous estimates anticipated only 360,000 jobs to be added in December, less than half of the actual true number of hiring. December’s 807,000 new hires also blew past November’s strong 534,000 additions. The biggest job gains were seen by the service sector (+669,000 jobs) and among larger firms (+389,000). At the time of this writing, the Labor Department […]
December 21, 2021
Brandon and I had just finished a nice lunch and were walking out of the restaurant. “What else should we be doing?” he asked. “It’s…I mean with my sister.” It gave me pause since he’d never confided in me about his sister before, who had special needs Brandon and I had worked together for 15 years. I saw him get started in finance, grow as an advisor and a person, and meet the girl of his dreams. He even had the engagement ring delivered to the office. “Hey, Dicker – check this out!” he yelled over with a big smile. […]
December 3, 2021
Wall Street and the stock market Coming off their best month of the year, the stock market saw significant negative movement at the tail end of November. For the month: The NASDAQ gained 0.3% in November and is up 21.3% YTD. The S&P 500 lost -0.7% in November and is up 23.2% YTD. The DOW lost -3.5% in November and is up 14.7% YTD. Of course, the big trigger for a market swoon was news of the Omicron variant and subsequent anxiety, with the S&P 500 dropping 2.3% on November 24th alone, its biggest one-day drop since February. […]
November 18, 2021
As we entered the restaurant, morning sun streaming through the windows, and were led to our table, we chatted. Sam and I talked about our families, his life, and his recent retirement after 27 years of building his company to the powerhouse it now was. We sat, opened our menus, and chatted about what his plans were for the next stage of his life. As we took sips of our coffee, we talked about the Dodgers, contemplating if they’d be able to win another World Series with the roster as presently constructed. (We’re not optimistic!) Soon, with breakfasts ordered and […]
November 3, 2021
October economic & market recap: Wall Street booms, inflation bites, and the Fed to start their taper. A Banner Month for Wall Street In October, Wall Street had its best month of the year, with the S&P 500 gaining 6.9% from October 1st to 31st. That’s the S&P’s highest monthly gain since November 2020, when the stock market responded to a new president and optimistic news about possible coronavirus vaccines. The Nasdaq (+7.2%) and Dow Jones (+5.8%) posted similar gains. Wall Street’s S& P 6.9% gain last month was a welcome […]