The WMA Weekly Market Wrap v. 180220

Bounce Back Domestic stocks carried over the momentum they recaptured on Friday of the previous week and last week recorded their best weekly gain since early 2013. The tech-heavy Nasdaq performed best, aided by solid gains from Apple and Cisco Systems. Along with information technology, financials, health care, as well as industrials and business services Read more about The WMA Weekly Market Wrap v. 180220[…]

The WMA Weekly Market Wrap v. 180213

Correction Territory Last week’s stock market price action has taken the S&P 500 into correction territory (down 10 percent from the highs) for the first time in two years. Whether we get to “bear territory” is another matter. Of the fifteen true corrections from record highs since 1928 (prior to this one), ten turned into full-blown bear Read more about The WMA Weekly Market Wrap v. 180213[…]

The WMA Weekly Market Wrap v.180130

Party On Domestic stocks continued their winning streak in the new year, with the major indexes all notching their fourth consecutive weekly gain and moving to new record highs. The large-cap indexes performed much better than the mid- and small-cap benchmarks, however. Within the S&P 500, health care (lifted by some early-week biotechnology mergers) and Read more about The WMA Weekly Market Wrap v.180130[…]

The WMA Weekly Market Wrap v. 180123

Modestly Higher The major domestic stock market indexes closed last week modestly higher. After the Monday holiday, equities jumped higher on Tuesday as the S&P 500 saw its best one-day advance since November to close at another record high. Consumer staples led the way and large caps led small caps. Stocks mostly drifted lower for Read more about The WMA Weekly Market Wrap v. 180123[…]

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[…]