Although the news trended in a negative direction last week, stocks held their ground and eked out modest gains, with the S&P 500 Index climbing 0.2%. Coronavirus cases have been rising in parts of the U.S. and throughout Europe, although mortality trends have been improving.
Equities rallied last week, with the S&P 500 Index up 3.8% and posting its best weekly performance in more than three months, marking its highest level since early September.
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After a strong surge in the summer, equity prices have cooled in recent weeks. The technology sector entered a full-blown correction, and weakness has spread to the broader market.
Stocks fell again last week, marking the first time in over a year that markets declined for four consecutive weeks.
Stocks fell for a third straight week for the first time in nearly a year. Mega-cap technology stocks again fell notably, with several high-profile names dropping close to 5%.
For the first time in nearly five months, U.S. equities experienced back-to-back weekly losses, with the S&P 500 Index declining 2.5%.
As we move from the unofficial end of summer in the U.S., markets and investors appear to be at a crossroads.
Stocks were up yet again last week, marking five consecutive weeks of gains.
Equity prices rose last week, with the S&P 500 Index advancing 0.7% to hit a new record high.
The what, why and how of the municipal and global fixed income markets.
U.S. equities finished higher for the third week in a row, with the S&P 500 up 0.6%.