Markets finished mixed this week.  The Dow fell .53%, while the S&P 500 increased .58% and the Nasdaq Composite gained 1.82%. Earnings Reports Nvidia shares spiked 7% after a quarter in which the chip-maker generated $13.51 billion in revenue, a year over year increase of 101%.  Additionally, the company’s Q3 forecast also greatly beat expectations, … Read more

The markets were mostly down this week.  The Dow fell 2.19%, the S&P 500 lost 1.98%, and the Nasdaq Composite decreased 2.27%.   Earnings Reports Walmart shares jumped 2% as the retailer exceeded investor expectations in both revenue and earnings per share in Q2, partly because of  a 24% increase in E-commerce sales.  The company also … Read more

The markets had a mixed week.  The Dow ended up 1.06%, while the S&P 500 lost 0.61% and the Nasdaq Composite fell 2.34%.   Moody’s Downgrades 10 Banks’ Credit Ratings The banks downgraded by the rating agency were primarily small to mid-sized banks, including M&T, Webster, and Pinnacle.  Six other banks were placed under review for … Read more

Stocks ended the week down, as the Dow fell 1.13%, the S&P 500 decreased 2.32%, and the Nasdaq Composite dropped nearly 3%.   Fitch Downgrades US Credit Rating The rating agency cut the US rating from AAA, the highest rating, to AA+, the second highest, due to an anticipated “fiscal deterioration over the next three years,” … Read more

This week, the Dow rose 0.65%, although it ended a 13 day winning streak on Thursday.  The S&P 500 gained  0.79%, and the Nasdaq Composite increased by 1.67%.  A large part of the gains  stemmed from positive earnings reports, and the Federal Reserve’s more positive outlook on the economy.    US Federal Reserve Meeting The … Read more

The Dow gained for the tenth straight day on Friday, up 2.08% on the week.  The S&P 500 Index gained 0.69%, while the Nasdaq Composite index rose by 0.54%.   Bank Earnings Reports Amid high interest rates among other factors, many banks released positive earnings reports alongside other banks such as JP Morgan Chase and Wells … Read more

The week saw market rallies, as the Dow rose over 800 points, or 2.4%, in the best performance since March.  The S&P 500 rose 2.5%, and the Nasdaq rose 3.3%.   The rises were in part due to optimism regarding inflation and an end to rate hikes, as well as strong earnings reports from companies such … Read more