Weekly Market Commentary
Steady Feddy
Stocks continued their uptrend last week after the Federal Reserve held interest rates steady. For the week, the S&P 500 Index was +2.3%, the Dow was +2.0%, and the NASDAQ was +3.0%. The best performing sectors in the S&P 500 Index were the Communication Services, Consumer Discretionary, and Industrial sectors, while the Real Estate, Health Care, and Consumer Staples sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.202% at Friday’s close versus 4.304%
Stubborn
Stubborn inflation data kept stocks muted last week. For the week, the S&P 500 Index was -0.1%, the Dow was flat, and the NASDAQ was -1.2%. The best performing sectors in the S&P 500 Index were the Energy, Materials, and Consumer Staples sectors, while the Real Estate, Consumer Discretionary, and Technology sectors lagged. The 10-year U.S. Treasury note yield increased to 4.308% at Friday’s close versus 4.077% the previous week. The February Consumer Price Index
Both Sides of the Coin
Stocks ended the week on a down note on Friday. For the week, the S&P 500 Index was -0.2%, the Dow was -0.8%, and the NASDAQ was -1.5%. The S&P 500 Index was led by the Utility, Real Estate, and Materials sectors, while the Consumer Discretionary, Technology, and Communication Services sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.074% at Friday’s close versus 4.182% the previous week. It was a week of both
In Like a Lion
Stocks have come into March like a lion year-to-date with the S&P 500 Index +8.0%. For the week, the S&P 500 Index was +1.0%, the Dow was flat, and the NASDAQ was +2.1%. The S&P 500 Index was led by the Technology, Real Estate, and Consumer Discretionary sectors, while the Health Care, Consumer Staples, and Utility sectors lagged. The 10-year U.S. Treasury note yield decreased to 4.182% at Friday’s close versus 4.260% the previous week.
Leap Year
The S&P 500 Index leaped back to new highs last week. For the week, the S&P 500 Index was +1.7%, the Dow was +1.3%, and the NASDAQ was +1.4%. The S&P 500 Index was led by the Consumer Staples, Materials, and Industrial sectors, while the Energy, Real Estate, and Communication sectors lagged. All eleven sectors had positive returns last week. The 10-year U.S. Treasury note yield decreased to 4.260% at Friday’s close versus 4.295% the
Sticky Prices
The S&P 500 Index had only its second weekly loss year-to-date but did stay above the 5,000 level. For the week, the S&P 500 Index was -0.3%, the Dow was just a touch positive, and the NASDAQ was -1.5%. The S&P 500 Index was led by the Energy, Materials, and Utility sectors, while the Technology, Consumer Discretionary, and Communication Services sectors lagged. The 10-year U.S. Treasury note yield increased to 4.295% at Friday’s close versus