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[…]

The WMA Weekly Market Wrap v. 171024

More All-Time Highs The major domestic benchmark stock indexes all moved higher last week – which included the 30th anniversary of the famous “Black Monday” crash of 1987 – to close at record levels. The driving forces seemed to be some good third-quarter earnings reports and Thursday evening’s Senate passage of next year’s federal budget, Read more about The WMA Weekly Market Wrap v. 171024[…]

WMA Weekly Market Wrap Up v171017

The Rally Continues Domestic stocks continued their advance into record territory, marking the fifth consecutive weekly gain for the large-cap Dow and S&P 500 indexes. The gains were modest, however. The small-cap Russell 2000 lagged and recorded a modest loss for the week. Thus far in 2017, the Dow has gained nearly 16 percent, the Read more about WMA Weekly Market Wrap Up v171017[…]

WMA Weekly Market Wrap Up – v171010

The Rally Continues Stocks maintained their winning streak for much of the week, sending the major indexes to a new round of records, despite the devastating shooting in Las Vegas last Sunday evening, which claimed the lives of more than 50 people and injured over 500 others. The large-cap S&P 500 Index notched its eighth consecutive daily Read more about WMA Weekly Market Wrap Up – v171010[…]

WMA Weekly Market Wrap Up v.171002

New Highs The U.S. large-cap benchmarks closed modestly higher last week, while the small-cap indexes scored more substantial gains. These advances brought most of the indexes to new intraday highs on Friday, but the narrowly focused Dow remained a bit below the peak it established the previous week. The performance of the small-cap Russell 2000 Read more about WMA Weekly Market Wrap Up v.171002[…]

WMA Weekly Market Wrap Up v.17925

Domestic stocks closed a quiet — felt like summer — week on Friday with the market’s recent upward momentum intact, although continued geopolitical uncertainty limited buying appetite with major indexes near records. North Korea returned to the forefront after the country’s foreign minister Ri Yong Ho said late Thursday at a United Nations meeting that Read more about WMA Weekly Market Wrap Up v.17925[…]

WMA Weekly Market Wrap Up – 9/19/17

Back In Business Domestic stock benchmarks carved out another round of records on Friday to close out a good week, with a big assist from rallying telecommunication and bank shares, as Wall Street shook off North Korea’s latest missile launch. A great Monday, seen by many as something of a relief rally, set the tone for Read more about WMA Weekly Market Wrap Up – 9/19/17[…]