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

Weekly Market Update – 11.13.2023

Last week, upbeat corporate earnings and a decrease in jobless claims helped the S&P 500 gain 1.35%, contributing to a two-week cumulative gain of 7.23%. Impressively, this two-week gain represents 43% of the S&P 500’s total annual gain of 16.60%, underscoring the challenge of market timing. Instead, successful long-term investing requires a planned and disciplined approach. This week, attention returns to inflation. The Consumer Price Index (CPI) for October reports tomorrow, ...

Weekly Market Update – 11.06.2023

Last week, the markets rallied on the Department of the Treasury’s announcement that they will need to borrow less than previously estimated and Fed Chair Powell’s comments following their second straight pause on interest rates. The S&P 500 saw its best week in almost a year, gaining 5.88%. Bonds also rallied on the week, gaining 1.99%. Last week’s market action exemplified why long-term investors should stay invested. After almost three months of negative stock and bond ...

Weekly Market Update – 10.30.2023

The U.S. economy grew at a 4.9% annual pace in the third quarter, much higher than expected and more than double that in the second quarter. Consumer spending helped the strong growth, a strong labor market, and solid consumer finances will continue to support consumer spending. At this week’s meeting, the Fed is expected to keep interest rates the same, as the recent surge in long-term bond yields is helping convince policymakers that there is less need for further hikes. While the ...

Weekly Market Update – 10.02.2023

Here’s what happened in the markets last week. The Core Personal Consumption Expenditures (PCE) for August fell below 4% for the first time in two years. Stocks initially responded positively to Friday’s report but retreated amidst looming threats of a US Government shutdown over the weekend. However, an impending shutdown was averted as the US House and Senate passed a spending bill just hours before the scheduled shutdown at 12:01 AM on Sunday. Stocks (S&P500) and bonds(US ...

Weekly Market Update – 9.18.2023

Here’s what happened in the markets last week: Core CPI was slightly higher than expected, coming in at 0.30% month-over-month. This increase was driven primarily by a 10.6% surge in gasoline prices. The three-month annualized core CPI now stands at 2.4%, progressing towards the Fed’s long-run inflation objective of 2%. U.S. consumers continued to spend, as evidenced by stronger-than-expected retail sales growth of 0.60% month-over-month compared to an expected 0.20%. However, ...

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Category: Financial News

Weekly Market Update – 11.13.2023

Weekly Market Update – 11.06.2023

Weekly Market Update – 10.30.2023

Weekly Market Update – 10.02.2023

Weekly Market Update – 9.18.2023

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