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 […]
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 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 […]