February 2024 - Unify Financial Advisors

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Weekly Market Update – 2.26.2024

Last week, Nvidia (NVDA) posted record profits, contributing to its stock and the broader stock market achieving record highs on Friday. The S&P 500 gained 1.68% for the week and 6.91% year-to-date. Far from being hype, Artificial Intelligence (AI) is poised to revolutionize business and our daily lives. By enhancing efficiency and productivity, AI technology promises transformative changes across industries. While optimism around AI remains high, mitigating AI technology risks is ...
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Weekly Market Update – 2.19.2024

Last week, the Consumer Price Index (CPI) and Producer Price Index (PPI) both came in hotter than expected, with shelter costs being the primary contributor to the notable increase in January’s CPI report, accounting for two-thirds of the total increase. For commentary and a chart explaining how real wage growth has outpaced inflation since the start of 2023, please take a look at the attached Weekly Market Recap. Real wage growth should support consumer spending and the economy. ...
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Weekly Market Update – 2.12.2024

Last week, the S&P 500 gained 1.40%, reaching another all-time closing high on Friday of 5027. Earnings beats from Disney (DIS), Chipotle (CMG), and McDonald’s (MCD) contributed to the S&P 500 setting higher highs. This week, the Chiefs can be considered a dynasty after beating the 49ers in overtime to win their second consecutive Super Bowl and third in five years. According to the USA Today Ad Meter, State Farm’s “Like a Good Neighbor” was the most-liked ...
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Weekly Market Update – 2.5.2024

Last week, the S&P 500 reached another all-time closing high, buoyed by positive corporate earnings and a strong Jobs Report. The Federal Open Market Committee (FOMC) held rates steady as expected. Stocks declined on Wednesday after Jerome Powell’s press conference but rebounded Thursday. Impressive earnings from Amazon and Meta rallied the S&P 500 to a record close of 4959 on Friday, up 4.06% year-to-date. This week’s economic data is relatively light. The January ...
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