MARKET UPDATE - OCTOBER 1, 2018

Friday, September 28, was the last trading day in 2018’s 3rd quarter, and the S&P 500 posted its strongest quarterly return in nearly 5 years.

MARKET UPDATE​ - SEPTEMBER 17, 2018

Last week, the East Coast prepared for Hurricane Florence, which roared through the Carolinas and Georgia.

MARKET UPDATE - SEPTEMBER 10, 2018

Domestic markets fell last week due to negative trade news and declining tech stocks, with the S&P 500 and Dow both breaking their multi-week winning streaks.

Last week marked a noteworthy milestone in our economy: On Wednesday, August 22, the bull market entered its 3,453rd day, the longest such run in U.S. history. In the past 9 plus years, domestic indexes have come quite a way since the dark days of the financial crisis. The S&P 500 is now more than 4 times the level that it was when the bull market began on March 9, 2009.¹

Challenges in emerging markets affected both U.S. and global stock performance last week, with the S&P 500 experiencing several down days.¹ By market close on Friday, however, two of the three major domestics posted gains for the week.

Stocks ended the week in mixed territory as trouble with Turkey’s currency affected U.S. equity performance on Friday, August 10.¹ For the week, the S&P lost 0.25%, the Dow declined 0.59%, and the NASDAQ increased 0.35%.² International stocks in the MSCI EAFE stumbled, giving back 1.57%.³

Domestic markets ended last week in positive territory, as the S&P gained 0.76%, the Dow was up 0.05%, and the NASDAQ increased 0.96%.¹ This performance marked the 5th week in a row that the S&P 500 and Dow posted gains.² Meanwhile, international stocks in the MSCI EAFE stumbled, losing 1.47% for the week.³

Markets experienced a push-and-pull last week between data indicating strong economic growth and lagging performance from several tech stocks’ earnings reports.¹ Domestic indexes had mixed results, as the S&P 500 gained 0.61%, the Dow was up 1.57%, and the NASDAQ dropped 1.06%.² International stocks in the MSCI EAFE had more of an uptick, gaining 1.32% for the we

On Friday, July 20, stocks lost a small amount of ground after President Trump escalated his threats of increasing tariffs on China.

Last week, trade tensions with China lessened somewhat, while the 2nd quarter corporate earnings season started with mixed results. Against this backdrop, domestic stocks experienced sizable growth. By market’s close on Friday, July 13, the S&P 500 was above 2,800 for the first time since February 1.