Posts Tagged ‘stock market’

Weekly Update: January 14, 2019-Markets Relax and Rally


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Markets Relax and Rally

After months of volatility, markets relaxed a bit last week. For the first time since October, the S&P 500 went 5 days without a 1% gain or loss. The Cboe Volatility Index, or VIX, also fell to lower than 20—in December, it spiked above 35.

For the week, the S&P 500 added 2.54%, the Dow gained 2.40%, and the NASDAQ increased 3.45%. All three indexes are in positive territory for 2019. International stocks in the MSCI EAFE grew as well, with a 2.85% weekly gain.

What drove last week’s gains?
Updates on trade and monetary policy contributed to…

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Weekly Update: January 8, 2019-Markets Up—And Volatile


We apologize for the previous email, it seems some of the links were not working. This has been corrected.

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Featured Article: Markets Up—And Volatile


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Recipe of the Week: Out-of-This-World Granola Bars


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Markets Up—And Volatile

U.S. markets experienced more wild sessions last week before ending in positive territory as the recent turbulence continued. In fact, we are currently in the middle of some of the most volatile market performance in more than eight years.

For the week, the S&P 500 gained 1.86%, the Dow added 1.61%, and the NASDAQ increased 2.34%. MSCI EAFE stocks also increased, posting a 1.42% weekly gain.

While the results may not seem especially dramatic, the path to get there certainly was. On Thursday, January 3, domestic stocks plunged, as factory data and a tech warning spooked investors. Then, the next day, the S&P 500, Dow, and NASDAQ each gained at least 3.3%. Friday’s performance marked one of the largest rallies since the beginning of this bull market.

What drove the market rally?

Two key events contributed to…

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Weekly Update: Special Edition – A Look Back at 2018


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Special Edition: A look Back at 2018

The close of the year provides an opportunity for investors to step back and consider the wider financial landscape. This week, we’re reviewing some key issues that defined 2018, as well as some factors that may influence financial markets in the coming year.

Year in Review

Wall Street began 2018 in rally mode, as enthusiasm for the 2017 Tax Cuts and Jobs Act spilled over into the New Year. Strong economic news encouraged investors, who put aside fears that rising inflation may lead to higher interest rates.

What Wall Street did not see coming were the spring and summer trade disputes with China, Canada, Mexico, and the European Union. Fear of a global economic slowdown contributed to a sharp decline in stock prices in October. U.S. economic growth forecasts were tempered in November for 2019, with bull and bears engaged in a fierce tug-of-war as the year…

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Weekly Update: December 24, 2018-Turbulence Continues


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Turbulence Continues

Last week, domestic markets had some of their worst performance in 10 years. The S&P 500 lost 7.05%, the Dow declined 6.87%, and the NASDAQ dropped 8.36%. All three indexes have now lost at least 8% in 2018.

On Friday, December 21, the NASDAQ entered a bear market, which means it’s at least 20% below its last record high. Meanwhile, the S&P 500 and Dow both finished the week close to bear markets, too. Internationally, stocks in the MSCI EAFE also struggled, posting a 2.67% weekly loss.

What happened to the markets?

Last week brought a number of economic updates, which gave mixed…

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Weekly Update: December 17, 2018-Stocks Down, Change Ahead?


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Featured Article: Stocks Down, Change Ahead?


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Recipe of the Week: Collard Greens with Bacon and Cider Vinegar


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Stocks Down, Change Ahead?

Last week brought more volatility to the markets. While domestic indexes had some rallies as positive trade news emerged earlier in the week, by Friday, December 14, they had erased any gains. The last time major U.S. indexes ended in correction territory was March 2016, meaning they are now at least 10% below their highs from the past year.

For the week, the S&P 500 dropped 1.26%, the Dow lost 1.18%, and the NASDAQ declined 0.84%. International stocks in the MSCI EAFE also had a 0.89% weekly loss.

Why did markets struggle last week?
With last week’s declines, the S&P 500 was in the midst of its worst December since 2002. Concerns about global growth fueled much of the declines as China and Europe released economic data that missed projections. The ongoing trade tension contributed to slower growth in China, which drove some investors to…

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Weekly Update: December 10, 2018-Volatility Continues


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Featured Article: Volatility Continues


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Volatility Continues

Markets went for another wild ride last week, as major domestic indexes swung back and forth. By Friday, December 7, markets had posted their worst weekly performance since March—and the S&P 500 and Dow both moved into negative territory for 2018.

Overall, the S&P 500 lost 4.60%, the Dow declined 4.50%, and the NASDAQ dropped 4.92%. International stocks in the MSCI EAFE also struggled, posting a 2.27% weekly loss.

Let’s take a look at what is driving this challenging market performance.

Examining Recent Volatility…

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Weekly Update: December 3, 2018-Markets Rebound


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Markets Rebound

U.S. markets ended a volatile month on a high note Friday. All three major indices posted impressive increases for the week, buoyed by news from the Fed Reserve and international trade.

The S&P 500 jumped 4.85%, and the NASDAQ finished up 5.64%—both gains are almost 7-year highs. Meanwhile, the Dow experienced a 2-year high, increasing 5.16%. Internationally, the MSCI EAFE rose 0.95%.

To better understand last week’s sharp rebound, let’s take a closer look at details surrounding comments by Fed Chairman Jerome Powell and various international developments.

Fed Developments

Last Wednesday, Powell inspired optimism in investors by claiming that interest rates are close to the current neutral range of 2.5–3.5%. His comments seemed to suggest…

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Year-End Savvy Cybersecurity Alerts

Welcome to the latest Savvy Cybersecurity newsletter. This month, as always, brought a wave of cybersecurity news. Read on to learn more about:

  • How your retirement accounts are at risk
  • A new sophisticated mail scam
  • Holiday frauds to be on the lookout for
  • And much more

Your retirement account: the latest goldmine for scammers

Steven Voss, a Utah-based CSX engineer was nearing retirement and decided to check on his 401(k) account. He was shocked when he logged in and his account balance was zero, according to the Atlanta-Journal Constitution. Voss had moved most of his money out of the Prudential Financial account a few months earlier but left about $50,000 in there.
According to reports, a scammer called Prudential Financial and pretended to be Voss. He provided his name, address, date of birth, and Social Security number and was able to cash out the 401(k). Prudential Financial had planned on sending the check to Voss’s home address but the caller asked that it be delivered to a UPS store instead.
Luckily, Voss discovered the missing money before the thieves picked up the check and…

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Weekly Update: November 26, 2018-Why Did Stocks Drop?


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Why Did Stocks Drop?

Last week was a tough one for markets. The S&P 500 dropped 3.79% and experienced its worst results during a Thanksgiving week since 1939. While the index officially entered correction territory on Friday, it closed 10.2% below its most recent record high.

Meanwhile, the Dow and NASDAQ continued the downward trend, losing 4.44%, and 4.26%, respectively. International stocks in the MSCI EAFE also declined, posting a 1.12% loss.

Reading these results may feel quite unpleasant and elicit concerns about what is ahead. As is often the case, the story behind the numbers can help us understand the complexity and what this performance means.

Why did stocks drop?

Plummeting oil prices were one of the biggest drivers behind the market’s losses, as investors worried that too much oil is available. These concerns have contributed to oil experiencing…

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Weekly Update: November 19, 2018-Analyzing Data Amid Declines


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Featured Article: Analyzing Data Amid Declines


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Recipe of the Week: No-Bake Cranberry Cheesecake


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Analyzing Data Amid Declines

Markets experienced more volatility last week, as perspectives on trade, tech, and retail pulled investor sentiment back and forth. Although domestic indexes were up on Friday, November 16, they still posted losses for the week.

In all, the S&P 500 dropped 1.61%, the Dow declined 2.22%, and the NASDAQ gave back 2.15%. International stocks in the MSCI EAFE ended the week down 1.51%.

A major topic over the past couple weeks has been the ongoing, significant declines in oil prices. Last week, we did experience one turnaround—on Friday, signs that oil production may decrease next month helped oil prices start to rebound. This pricing increase contributed to S&P 500 energy stocks rising 1.1%.

In addition to oil’s current trajectory, let’s examine some of the key October data we received last week:

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