The WMA Weekly Market Wrap v. 171219

Mostly Higher (Again) Most of the major domestic benchmarks recorded modest gains last week, bringing the large-cap benchmarks and the tech-heavy Nasdaq to new all-time highs. The smaller-cap benchmarks lagged and remained a bit off the peaks they established early in the month. Within the S&P 500, consumer discretionary and consumer staples stocks led the Read more about The WMA Weekly Market Wrap v. 171219[…]

The WMA Weekly Market Wrap v. 171212

Mostly Higher Domestic stocks turned positive for the week on Friday after the November jobs report came in much stronger than expected, underlining the economy’s strong fundamentals. Both the Dow and the S&P 500 closed out their third straight weekly advance, while the Nasdaq ended in slightly lower territory for the week, its second consecutive Read more about The WMA Weekly Market Wrap v. 171212[…]

The WMA Weekly Market Wrap v.171205

Tax Legislation Pushes Stocks Higher Domestic stocks were mostly higher last week, although the dispersion of returns among the major indexes was noteworthy. The narrowly focused Dow notched its best weekly gain for the year while the tech-heavy Nasdaq recorded a loss (although it joined the other indexes in reaching an intraday record high on Read more about The WMA Weekly Market Wrap v.171205[…]

The WMA Weekly Market Wrap v. 171114

Winning Streaks End U.S. stock benchmarks closed mostly lower last week, putting an end to multi-week winning streaks by the major indexes as traders expressed nagging anxiety about a possible delay in much-anticipated corporate tax cuts due to major differences between the House and Senate versions of the tax bill. However, some strong corporate earnings Read more about The WMA Weekly Market Wrap v. 171114[…]

The WMA Weekly Market Wrap v. 171031

Even More All-Time Highs Most of the major domestic equity benchmarks closed higher last week and moved further into record territory. The broad market S&P 500 recorded a seventh consecutive weekly gain, its best stretch in nearly three years. The tech-heavy Nasdaq performed best, helped by a surge in Microsoft, Amazon, Alphabet (Google’s parent company), Read more about The WMA Weekly Market Wrap v. 171031[…]