Nov 24, 2024 | Wealth Management
Wall Street rebounded from last week’s retreat with a nearly 2% advance over the last five days, and the S&P 500 is now only 0.8% from its record intraday high. It was a week marked by steady gains, geopolitical tensions arising from developments in the...
Nov 10, 2024 | Wealth Management
One of the most pivotal weeks of the year turned out to be records galore for Wall Street – the S&P smashing past the 6,000 point level in a historic first. The Dow Jones Industrial Average notched its 41st and 42nd record close of the year while also taking...
Oct 6, 2024 | Wealth Management
Friday’s payrolls report showed the addition of 254K jobs in the U.S. in September, significantly higher than the 132K consensus. The data pointed to strong hiring in the labor market and led to investors dialing back their expectations for another large 50...
Sep 22, 2024 | Wealth Management
It was a historic week for Wall Street, with the S&P 500 closing above the 5,700 points level for the first time ever. Meanwhile, the Dow surpassed and ended above the 42,000 points mark for the first time ever. The advance was driven by what was undoubtedly the...
Sep 15, 2024 | Wealth Management
The S&P 500 on Friday rebounded from its worst week of the year to post its best week of the year. It was also the first time since June 2022 that the benchmark index fell at least 4% in one week and then rallied more than 4% the next. Last week’s selloff...
Aug 25, 2024 | Wealth Management
The U.S. stock market finished sharply higher Friday, sparked by Federal Reserve Chair Jerome Powell’s strongest signal yet that interest rate cuts are coming. “The time has come for cuts,” Powell said at the Jackson Hole Economic Symposium,...
