Stuart Financial Group Blog

Thoughts and insight on the latest retirement topics.

Market Update: August 15, 2023: Summertime Blues for the Markets, Plus SFG News and Events

Positive inflation data failed to lift stocks from their August doldrums last week as economic data and a ratings downgrade soured investor sentiment. The Dow Jones Industrial Average added 0.62%, while the Standard & Poor’s 500 slipped 0.31%. The Nasdaq Composite index fell 1.90% for the week. The MSCI EAFE index, which tracks developed overseas…

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Market Update: August 8, 2023: Stocks Raise White Flag to Bad News, Plus SFG News and Events

Stocks retreated last week as bond yields increased following the Treasury\’s announcement indicating “a larger-than-expected funding need” and a downgrade in the federal government’s debt rating. The Dow Jones Industrial Average dropped 1.11%, while the Standard & Poor’s 500 shed 2.27%. The Nasdaq Composite index lost 2.85% for the week. The MSCI EAFE index, which…

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Market Update: August 1, 2023: Stocks Jump After Inflation Gauge Cools, Plus SFG News and Events

A Friday surge pushed stocks solidly into positive territory last week, ignited by cooling in an inflation gauge closely tracked by the Federal Reserve. The Dow Jones Industrial Average advanced 0.66%, while the Standard & Poor’s 500 climbed 1.01%. The Nasdaq Composite index rose 2.02% for the week. The MSCI EAFE index, which tracks developed…

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Market Update: July 25, 2023: Stocks Advance and Retreat on Mixed News, Plus SFG News and Events

Stocks moved to the rhythm of earnings season last week, initially rising on positive earnings surprises and faltering later in the week on key earnings disappointments. The Dow Jones Industrial Average rose 2.08%, while the Standard & Poor’s 500 added 0.69%. The Nasdaq Composite Index slumped 0.57% for the week. The MSCI EAFE index, which…

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Market Update: July 18, 2023: Bad News for Bears; Good News Buoys Markets, Plus SFG News and Events

Better-than-expected updates last week on consumer and wholesale price inflation buoyed investor sentiment, driving stocks higher and lower bond yields. The Dow Jones Industrial Average rose 2.29%, while the Standard & Poor’s 500 increased 2.42%. The Nasdaq Composite index advanced 3.32% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, gained…

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Market Update: July 10, 2023: Stocks Stumble with CPI on Deck, Plus SFG News and Events

Rising concerns about further rate hikes sent stocks lower to kick off the second half of trading. The Dow Jones Industrial Average lost 1.96%, while the Standard & Poor’s 500 retreated 1.16%. The Nasdaq Composite index surrendered 0.92% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, tumbled 2.57%.1,2,3   Stocks…

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Market Update: July 5, 2023 Economy Continues Upward Trend, Plus SFG News and Events

Stocks posted gains for the week to close out a stellar month, aided by positive economic data and reports that all major banks had passed the Federal Reserve’s annual stress test. The Dow Jones Industrial Average gained 2.02%, while the Standard & Poor’s 500 rose 2.35%. The Nasdaq Composite index added 2.19%. The MSCI EAFE…

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Market Update: June 27, 2023 Stocks Take Summer Break, Month Remains Strong, Plus SFG News and Events

Stocks took a breather last week as investors digested the previous week’s surge and the month-to-date solid gains. The Dow Jones Industrial Average lost 1.67%, while the Standard & Poor’s 500 fell 1.39%. The Nasdaq Composite index dropped 1.44% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, tumbled 2.00%.1,2,3  …

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Market Update: June 21, 2023 Stocks Climb After Fed Pause, Plus SFG News and Events

Stocks climbed last week as reassuring inflation data boosted investor hopes that the rate-hike cycle was nearing an end amid fresh economic data pointing to continued economic resilience. The Dow Jones Industrial Average rose 1.25%, while the Standard & Poor’s 500 picked up 2.58%. The Nasdaq Composite index gained 3.25% for the week. The MSCI…

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Market Update: June 13, 2023 Markets March into Positive Territory Continues, Plus SFG News and Events

A late-week rally sent stocks into positive territory, with the S&P 500 index closing just shy of the 4,300 mark. The Dow Jones Industrial Average gained 0.34%, while the Standard & Poor’s 500 added 0.39%. The Nasdaq Composite index improved 0.14% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, rose…

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Market Update: June 6, 2023 Debt Deal Relieves Market Worries, Plus SFG News and Events

Stocks surged higher in the closing days of a holiday-shortened trading week, ignited by a political resolution on raising the debt ceiling and a strong employment report. The Dow Jones Industrial Average rose 2.02%, while the Standard & Poor’s 500 advanced 1.83%. The Nasdaq Composite index gained 2.04% for the week. The MSCI EAFE index,…

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Market Update: May 30, 2023 Debt Talks Optimism Keeps Eyes on D.C., Plus SFG News and Events

Markets moved in sync last week with perceived movement in debt ceiling talks, weakening early in the week and then surging on news of progress. A solid quarterly report and guidance from a mega-cap technology company helped with enthusiasm. Overall, the markets were mixed, with the Dow Jones Industrial Average down 1.00%, while the Standard…

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