S&P 500 Archives - Page 2 of 3 - Unify Financial Advisors

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 – 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 – 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 ...

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 ...

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 ...

Weekly Market Update – 1.22.2024

Last week, the December retail sales report showed strong consumer spending to finish 2023. Consumer sentiment soared this January to 78.8 from 69.7 in December. Optimism created from lower expected inflation and higher wages contributed to sentiment climbing a cumulative 29%, the largest two-month increase since 1991 as a recession ended. The S&P 500 hit an all-time high of 4840 on Friday, capping the week with a 1.19% gain. As we move into this week, the spotlight turns to the ...

Weekly Market Update – 1.9.2024

Last week, positive jobs and wage data ended the nine-week rally for US equities, with the S&P 500 declining by 1.5%. A factor in the lower 3.7% unemployment rate and the creation of 216K new jobs in November was increased hiring in the government sector, which may not continue. Wages grew by 4.1% compared to last year, supporting US households but raising concerns about inflation, as higher wages can lead to increased costs, especially in the labor-intensive service sector. This week, ...

Weekly Market Update – 1.2.2024

Last week, US stock markets posted gains for the ninth consecutive week, capping off an impressive year for stocks and bonds. The S&P 500 finished the year up 26.29%, just shy of its January 2022 record. The Dow Jones Industrial Average gained 16.18%, topping 37000 for the first time. Bond markets reversed their losses going into October and finished the year up 5.53%. The 2023 stock and bond returns defied the doom and gloom many anticipated at the beginning of the year. Disciplined ...

Weekly Market Update – 12.25.23

Christmas came early for stock and bond investors this year. Last week, US stocks posted gains for the 8th consecutive week, a cumulative gain of 14.93% over these eight weeks. Also, consumer confidence rose, initial jobless claims were slightly below expectations, and both Personal Consumption Expenditures (PCE) and Core PCE for November fell short of forecasts. PCE decreased by 0.01% month-over-month and is up 2.6% from November last year. As a result of the lower inflation data, economist ...

Weekly Market Update – 12.18.2023

Last week’s economic data and news were positively received. A cooler Producer Price Index (PPI), a dovish pivot by the Federal Open Market Committee (FOMC), and strong retail sales propelled stocks and bonds higher. The S&P 500 gained 2.53%, while bonds saw a 2.16% increase. November’s Core Consumer Price Index (CPI) was slightly higher at 0.3%, compared to 0.2% in October, excluding volatile food and energy prices. Shelter costs were the primary contributors to Core ...

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Tag: S&P 500

Weekly Market Update – 6.17.2024

Weekly Market Update – 5.13.2024

Weekly Market Update – 2.26.2024

Weekly Market Update – 2.12.2024

Weekly Market Update – 2.5.2024

Weekly Market Update – 1.22.2024

Weekly Market Update – 1.9.2024

Weekly Market Update – 1.2.2024

Weekly Market Update – 12.25.23

Weekly Market Update – 12.18.2023

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