Financial News Archives - Page 3 of 6 - Unify Financial Advisors

Weekly Market Update – 7.8.2024

Following the July 4th holiday, the Employment Report indicated a strong but cooling labor market. After the report, the probability of a 0.25% rate cut in September increased to 75%. The prospects of lower interest rates pushed the S&P 500 and Nasdaq to close at all-time highs, up 17.57% and 22.73% YTD, respectively. This week, Delta (DAL), Pepsi (PEP), and big banks JP Morgan (JPM), Citi (C), and Wells Fargo (WFC) kick off the second quarter corporate earnings season. The S&P ...

Weekly Market Update – 7.1.2024

Last week, as expected, May’s headline PCE Index was up 0.1% from the previous month and 2.6% over 12 months, not far from the Fed’s 2% target rate. There is still a nearly 60% probability of a 0.25% rate cut in September. Sales of new single-family homes in May fell by 11.3%. The median sales price of new houses sold was $417,400, the lowest median price in the past 12 months and below the peak median price of $440,900 set in May 2023. May’s PCE Index ...

Weekly Market Update – 6.24.2024

Last week, stocks rallied but closed short of their all-time highs. May’s Retail Sales Report showed a 0.1% increase from the previous month, below the 0.3% expected. The category of sporting goods, hobby, musical instruments, and book stores saw the biggest m/m increase of 2.8%. In contrast, gasoline stations and furniture sales saw the largest decreases, 2.2% and 1.1% respectively. Look for summer-time discounts on home furniture and furnishings. This ...

Weekly Market Update – 6.17.2024

The major stock indices ended last week mixed, and bonds rallied. The S&P 500 and US Aggregate Bond Index gained 1.62% and 1.31%, respectively, while the Dow Jones 30 declined 0.95%. May’s headline Consumer Price Index(CPI) was flat from the previous month and up 3.3% from one year ago. The cooler CPI print drove longer-dated treasury yield down by approximately 20 basis points. We could expect mortgage rates to follow suit soon. This week is abbreviated as the ...

Weekly Market Update – 6.3.2024

Unify Financial Advisors Weekly Market Update Last week, we saw monthly gains in consumer confidence and the home price index of 4.6% and 0.3%, respectively. Nationwide home values increased 7.4% in the last 12 months ending in March. Consumer confidence reversed a two-month decline, but inflation worries of the surveyed participants persisted. Declines in revised GDP and Personal Consumption Expendituresgave mixed signals, but stocks declined, with the S&P 500 finishing the week ...

Weekly Market Update – 5.27.2023

Unify Financial Advisors Weekly Market Update Last week, stocks were mixed. The tech-heavy NASDAQ reached a record high as AI stocks rallied on the back of NVIDIA’s(NVDA) strong Q1 earnings report. This week, on Memorial Day, we remember the service men and women who gave their lives for our freedoms. Thank you to all past and present military personnel and their family for their service to our country. The abbreviated work week delivers important ...

Weekly Market Update – 5.20.2024

Last week, stocks and bonds appreciated Wednesday’s Consumer Price Index(CPI) report. After months of stubborn inflation data, April’s report showed that headline and core inflation slowed. Over the last twelve months, consumer prices were up 3.4%. The week ahead includes the release of the FOMC meeting minutes, new home sales data, and PMI. Nvidia (NVDA) will draw much attention before and after its Q1 earnings report after the market closes on Wednesday. ...

Weekly Market Update – 5.13.2024

Last week, stocks posted gains, with the S&P 500 approaching a record high and bond yields remaining relatively unchanged. Good corporate earnings and signs of a softening labor market contributed to stock gains. Inflation is back in focus this week, with the Consumer Price Index (CPI) report coming out on Wednesday. The market expects April’s CPI to decrease from the previous month. Happy belated Mother’s Day to all the moms out there! Here’s to a great week ...

Weekly Market Update – 5.6.2024

Last week, there was a plethora of economic data and earnings to digest. The outcome was positive for both stock and bond investors. This week continues with a busy earnings slate, with notables including Disney, Uber, and Airbnb. Strong first-quarter earnings so far are boosting stocks. Over 75% of reported earnings exceeded Wall Street’s profit estimates. Please enjoy the attached Market Week for more details. Here’s to a great week ahead. Follow us ...

Weekly Market Update – 04.29.2024

We hope you had a great weekend! Last week, stocks posted gains for three of the five trading days. All major stock indexes posted weekly gains, with the technology Nasdaq leading the way by 4.23%. This week, the FOMC meeting, Jobs Data, and earnings will make headlines. Unify Financial Advisors will celebrate our first anniversary on Thursday, May 2nd! Thank you for trusting us with $113 million in assets under management for 161 client households. We look forward to ...

Blog

Category: Financial News

Weekly Market Update – 7.8.2024

Weekly Market Update – 7.1.2024

Weekly Market Update – 6.24.2024

Weekly Market Update – 6.17.2024

Weekly Market Update – 6.3.2024

Weekly Market Update – 5.27.2023

Weekly Market Update – 5.20.2024

Weekly Market Update – 5.13.2024

Weekly Market Update – 5.6.2024

Weekly Market Update – 04.29.2024

Get In Touch

Schedule a Complimentary Consultation With A Certified Financial Planner Today

Quick Links

Contact Us