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Tag: Dow Jones

Weekly Market Update – 7.22.2024

Stocks started in rally mode last week, with the S&P 500 and Dow setting record highs. However, the S&P 500 and tech stocks retreated on concerns about future tariffs and export restrictions to China. Money rotated out of the Magnificent 7 into small-cap and defensive stocks.  CrowdStrike, a large cybersecurity company, applied a software update Friday morning while most of us slept. The update caused outages for Microsoft Windows users, wreaking havoc on large airlines, ...
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Weekly Market Update – 11.27.2023

Last week, all major global stock indexes posted positive gains over four trading days, with the Dow Jones leading the way at 1.29 percent. Consumer sentiment rose to 61.3 but remains pessimistic. Minutes from the FOMC meeting in November supported the market’s expectations that the Federal Reserve is done raising rates. The Committee shifted to a cautious tone regarding rates, with all participants agreeing that they were in a position to proceed carefully. This week, new home sales ...
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