Weekly Market Commentary

Checking In

Stocks advanced to start the third quarter. For the week, the S&P 500 Index was +2.0%, the Dow was +0.7%, and the NASDAQ was +3.0%. Within the S&P 500 Index, the Consumer Discretionary, Technology, and Communication Services sectors led, while the Energy, Health Care, and Industrial sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.278% at Friday’s close versus 4.370% the previous week. The June Employment Situation Report showed 206,000 net new jobs

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Half-Time

Stocks fell modestly last week but closed out the first half of 2024 with gains. For the week, the S&P 500 Index was -0.1%, the Dow was -0.1%, and the NASDAQ was -0.1%. Within the S&P 500 Index, the Energy, Communication Services, and Consumer Discretionary sectors led, while the Utility, Materials, and Consumer Staples sectors lagged. The 10-year U.S. Treasury note yield increased to 4.370% at Friday’s close versus 4.253% the previous week. The Personal

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Summer Solstice

Stocks posted gains during the holiday shortened week. For the week, the S&P 500 Index was +0.6%, the Dow was +1.5%, and the NASDAQ was +0.2%. Within the S&P 500 Index, the Consumer Discretionary, Energy, and Financial sectors led, while the Utility, Real Estate, and Technology sectors lagged. The 10-year U.S. Treasury note yield increased to 4.253% at Friday’s close versus 4.209% the previous week. Key economic data out this week includes the Personal Consumption

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Dialing Back

Tame inflation data led the S&P 500 and NASDAQ higher last week, even though the Federal Reserve dialed back its projections for interest rate reductions . For the week, the S&P 500 Index was +1.6%, the Dow was -0.5%, and the NASDAQ was +3.5%. Within the S&P 500 Index, the Technology, Real Estate, and Consumer Discretionary sectors led, while the Energy, Financials, and Industrial sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.209%

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lectern

Rate Debate

Markets absorbed strong employment data and finished higher last week. For the week, the S&P 500 Index was +1.4%, the Dow was +0.3%, and the NASDAQ was +2.5%. Within the S&P 500 Index, the Technology, Health Care, and Communication Services sectors led, while the Utility, Energy, and Materials sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.431% at Friday’s close versus 4.486% the previous week. A resilient labor market may be calling into

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May Flowered

The S&P 500 Index rose 4.96% in May to recover the 4.08% decline from April. For the week, the S&P 500 Index was -0.5%, the Dow was -0.9%, and the NASDAQ was -1.4%. Within the S&P 500 Index, the Energy, Real Estate, and Utility sectors led, while the Technology, Industrial, and Health Care sectors lagged. The 10-year U.S. Treasury note yield increased to 4.486% at Friday’s close versus 4.464% the previous week. The economic focus

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