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,...
Aug 18, 2024 | Wealth Management
This week’s economic data on inflation and retail sales, along with upbeat comments from consumer bellwether – Walmart, continued to quell economic slowdown fears and gave investors the confidence to dive back into growth areas. For the week, the S&P...
Jul 14, 2024 | Wealth Management
The S&P 500 index posted a two week win streak on Friday. Its torrid run has seen it notching gains in 10 out of 12 weeks dating back to the end of April. Remarks by Federal Reserve chair Jerome Powell on Capitol Hill hinting at interest rate cuts, along with a...
