Weekly Market Commentary

Hello Summer

Stocks advanced to new highs last week. For the week, the S&P 500 Index was +1.6%, the Dow was +1.3%, and the NASDAQ was +2.2%. Within the S&P 500 Index, the Technology, Real Estate, and Health Care sectors led the advance, while the Industrial, Consumer Discretionary, and Materials sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.422% at Friday’s close versus 4.494% the previous week. The April Consumer Price Index (CPI) report showed

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Bouncing Back

Stocks advanced in a week with little major data to sway sentiment. For the week, the S&P 500 Index was +1.9%, the Dow was +2.2%, and the NASDAQ was +1.5%. Within the S&P 500 Index, the Utility, Financial, and Materials sectors led the advance, while the Consumer Discretionary, Energy, and Technology sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.494% at Friday’s close versus 4.503% the previous week. Inflation data is back on

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Cool Jobs

A steady Federal Reserve and a moderating labor market helped stocks rise for a second consecutive week. For the week, the S&P 500 Index was +0.6%, the Dow was +1.1%, and the NASDAQ was +1.0%. Within the S&P 500 Index, the Utility, Real Estate, and Technology sectors led the advance, while the Energy, Financials, and Materials sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.503% at Friday’s close versus 4.668% the previous week.

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Win - Arms Up

Fundamental Victory

Stocks snapped their three-week losing streak on several strong earnings reports. For the week, the S&P 500 Index was +2.7%, the Dow was +0.7%, and the NASDAQ was +4.0%. Within the S&P 500 Index, the Technology, Consumer Discretionary, and Industrial sectors led the advance, while the Materials, Health Care, and Communication Services sectors trailed. The 10-year U.S. Treasury note yield increased to 4.668% at Friday’s close versus 4.614% the previous week. Equity fundamentals were victorious

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Rainy Day and Umbrella

April Showers

Stocks continued their decline for the third consecutive week. For the week, the S&P 500 Index was -3.0%, the Dow was flat, and the NASDAQ was -5.4%. Within the S&P 500 Index, the Utility, Consumer Staples, and Financial sectors had gains for the week, while the Technology, Consumer Discretionary, and Real Estate sectors had the largest declines. The 10-year U.S. Treasury note yield increased to 4.614% at Friday’s close versus 4.521% the previous week. The

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Pricey Persistence

Stocks declined for a second consecutive week on concerns inflation is not receding. For the week, the S&P 500 Index was -1.5%, the Dow was -2.4%, and the NASDAQ was -0.6%. All eleven S&P 500 sectors declined with the Technology, Consumer Discretionary, and Consumer Staples sectors declining the least, and the Financials, Materials, and Health Care sectors declining the most. The 10-year U.S. Treasury note yield increased to 4.521% at Friday’s close versus 4.395% the

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