Stocks rose last week despite conflicting stories from economic reports. The Dow Jones Industrial Average inched up 0.29 percent while the Standard & Poor’s 500 Index powered ahead 1.31 percent. The Nasdaq Composite led, picking up 2...
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Stocks rose last week despite conflicting stories from economic reports. The Dow Jones Industrial Average inched up 0.29 percent while the Standard & Poor’s 500 Index powered ahead 1.31 percent. The Nasdaq Composite led, picking up 2.38 percent. The MSCI EAFE Index tracks developed overseas stock markets and rose 1.29 percent for the week through Thursday’s close.1 All Eyes On The Jobs Report Weak manufacturing data prompted declines early in the week, reflecting investor concerns over the economy's strength. But stocks rallied in anticipation of the jobs report on Friday. However, the market reaction was mixed when the stronger-than-expected jobs report finally came. The S&P 500 touched a record high intraday before profit-taking late in the session.2,3 #MarketMonday
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Stocks advanced in February with indexes like the S&P 500 and the NASDAQ hitting new highs. While a new high for an index is not a new thing, there was a recent new 34-year high that is worth reflecting on. Why it took this long to come back is an import investment lesson. https://hubs.ly/Q02p4Kqv0
Every Rose Has Its Thorn | Heritage Financial Services
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US stocks had gotten off to a poor start to the week, with the Dow Jones Industrial Average snapping an eight-day winning streak. However, stocks managed to pick up following the release of the consumer price index on Wednesday. Find the latest updates in this weeks #marketinsights below. #globalreview #investmentmanagement #ftse100
Dow Jones close above 40,000 for first time - EFG Harris Allday
efgha.com
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Moat stocks once again dominated the S&P 500 in 2023, as the Moat Index surged 32.41% versus the S&P 500’s 26.3% gain in 2023. Learn more: https://lnkd.in/exyXYcb4
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US stocks were slightly higher on Monday, with the S&P 500 increasing by 0.20%, the Dow Jones climbing 100 points, and the Nasdaq up by 0.10%. The labour market and inflationary pressures have cooled more quickly than expected, according to Atlanta Fed President Raphael Bostic. He now anticipates a quicker normalisation of monetary policy as a result. Meanwhile, the dollar index rose to 101 after S&P Global PMIs indicated solid, though slowing, growth in the US private sector. Read what else happened in the markets on Monday: https://lnkd.in/d3GTMXem
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BSE Small Cap Index declined nearly 10% from the recent High · More than half of companies in the BSE Small Cap Index have fallen 20% from their recent highs, while more than 700 stocks are trading below their 50-day moving average, indicating a bearish shift in momentum. · Small-cap stocks still trade at an 8% premium to their large-cap peers based on 12-month forward earnings. · The slump comes after the gauge had rallied about 78% in the span of 10 months, outperforming both regional and global MSCI gauges.
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Chart from Sentimentrader showing how the Russell 2000 does after more than 50% of the stocks in the index hit a 21-day high. According to their research, small caps continue to do well with a median return of 15% for the Russell 2000 a year out and positive 82% of the time. #russell2000
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The collective weight of the top-5 largest S&P 500 stocks reached levels not seen in over 50 years. As the largest stocks grew fastest, the Equal Weight factor index has underperformed. Yet history has shown that periods of high concentration were often followed by Equal Weight outperformance. Source: S&P Dow Jones Indices LLC #weeklykaleidoscope #SP500 #performance
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US stocks had their best trading day since November 2022, after a suprise drop in unemployment claims helped ease concerns about a slowing economy. The benchmark S&P 500 index ended the day 2.3% higher. The Dow Jones Industrial Average rose 1.8%, and the Nasdaq jumped 2.9%. Stocks in Asia made modest gains, recovering some of the losses from earlier in the week. Both Hong Kong's Hang Seng Index and South Korea's Kospi rose by more than 1%. In Japan, stocks on the Nikkei 225 and the Topix were mostly flat. It comes after Japanese stocks had their worst day since 1987 earlier in the week, sparking a major global market rout. "The latest jobless claims data, though not normally a major market event, supports the view that recent pessimism may have been overdone," said a report by the chief investment office of UBS Global Wealth Management.
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Stocks retreated on Monday, reversing gains from the previous session's post-jobs-report rally, as expectations for significant interest rate cuts diminished and oil prices climbed due to concerns over Middle East tensions. The Dow Jones Industrial Average dropped 0.9%, with the S&P 500 and Nasdaq Composite falling 1% and 1.2%, respectively. On Friday, markets had surged after a stronger-than-expected September jobs report bolstered hopes for a soft landing for the U.S. economy. The Dow ended last week at a record high, while the S&P 500 approached a similar milestone as the new week began.
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