Top Stories Last Week • US Stocks Rose to Record Highs U.S. stocks rose last week to end at record highs following solid corporate earnings and better-than-expected job gains in April. S&P index was up by 2.0%, and MSCI EAFE index rallied 2.0%. The MSCI Emerging Market Index rose 2.9%. Gold price continued to increase … Read more
Top Stories Last Week • Global Markets Rallied for the Week All asset classes across the globe rose last week, as solid corporate earnings and data that showed the U.S. economy is still on its slow, unimpressive path of growth. S&P index was up by 1.8%, and MSCI EAFE index rallied 3.4%. The MSCI Emerging … Read more
Top Stories Last Week • Global Stocks Ended Lower Global stocked ended the week lower amid the terrorists’ attack on Boston Marathon. S&P index fell by 2.1%, and MSCI EAFE index tumbled 2.2%. The MSCI Emerging Market Index dropped 0.3%. Gold price tumbled by 6%. The SPGC commodity index slumped 2.3% as oil prices continued … Read more
Top Stories Last Week • S&P 500 Had Worse Week in 2013 U.S. stocks ended the week with a thud, after the nonfarm payrolls report showed much slower growth in jobs than what investors expected. With Friday’s move down, the S&P 500 closed out their weakest week of the year. The S&P index fell by … Read more
Top Stories Last Week • S&P 500 Index Hit a Record High During a shortened trading week, the S&P 500 Index, which is probably the most closely followed, broad index of US equities hit a record. Eclipsing a five-year-old high by four points, the S&P 500 (SPX) closed on Thursday at 1569.19. The S&P index … Read more
Top Stories Last Week • US Stocks Ended the Week Lower and Emerging Markets Continued to Slump The US and emerging market stocks ended the week lower on the uncertainty about the Cyprus bailout negotiation. The S&P 500 Index dropped by 0.1%, and MSCI EAFE index declined 0.9%. The MSCI Emerging Market Index continued to … Read more
Top Stories Last Week • US Stocks Ended the Week Higher While Emerging Markets Tumbled The US stock ended the week higher on the stronger retail sales and improving initial jobless claim data. However, the emerging markets closed lower as weaker industrial production growth in China concerned investors. The S&P 500 Index rose by 0.7%, … Read more
Top Stories Last Week • Dow Jones Industrial Average Hit Record The Dow Jones Industrial Average hit record closing levels four days in a row this week, rising above the high it set back in 2007, just before the financial crisis. The main drivers are solid corporate earnings and improving economic data. S&P 500 Index … Read more
Top Stories Last Week • US Stocks Moved Close to All-Time High U.S. stocks ended a week higher, lifted close to all-time highs as investors digested weak economic data from China and the euro zone, improving US economic news and the federal spending cuts known as the sequester. S&P 500 Index rose slightly by 0.1%, … Read more
Top Stories Last Week • Emerging Market Stocks and Commodities Declined as Oil Prices Dropped Emerging market stocks dropped to seven-week low as a report signaled the euro-area’s economy contracted more than forecast and concern grew that the U.S. Federal Reserve may slow the pace of stimulus. Commodities tumbled as oil inventories were reported higher … Read more