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Featured Article: Stocks Gain After Volatile Week
Economic Calendar
Quote of the Week
Recipe of the Week: Egg-in-a-Hole Breakfast Sandwich
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Stocks Gain After Volatile Week
Stock prices notched solid gains last week, looking past an increase in COVID-19 cases and any potential economic concerns raised by the trend.
The Dow Jones Industrial Average increased by 0.96%, while the Standard & Poor’s 500 climbed 1.76%. The Nasdaq Composite Index bounded 4.01% higher for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, gained just 0.07%.
Stocks experienced a volatile week as investors negotiated the crosswinds of encouraging overseas economic data with an accelerating number of COVID-19 cases in several states. Ongoing support of the financial markets by the Federal Reserve appeared to offset any…
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Featured Article: Special Update – Quarterly Report
Economic Calendar
Quote of the Week
Recipe of the Week: Red, White, and Blue Bundt Cake
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Special Update – Quarterly Report
In a holiday-shortened week, stock prices turned higher as encouraging economic data outweighed an increase in COVID-19 cases and a rollback in economic re-openings.
The Dow Jones Industrial Average rose 3.25%, while the Standard & Poor’s 500 increased by 4.02%. The Nasdaq Composite Index gained 4.62% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, picked up 0.22%.
As a new quarter begins, we look back on an eventful second quarter for households and investors alike – a quarter in which the economy took a mighty hit, while the stock market soared. Complying with stay-at-home orders, Americans abruptly cut back on discretionary spending, traveling, and commuting, resulting in a dire scenario for some…
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Featured Article: Rise in Cases Inspires Turbulence
Economic Calendar
Quote of the Week
Recipe of the Week: Sesame Soba Salad
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Rise in Cases Inspires Turbulence
A jump in COVID-19 cases dampened investor enthusiasm last week, sending stock prices lower on worries that rising infections could derail the economic recovery.
The Dow Jones Industrial Average slumped 3.31%, while the Standard & Poor’s 500 retreated 2.86%. The Nasdaq Composite Index lost 1.90% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, declined 1.28%.
Investors began the week overlooking a jump in COVID-19 cases in some early reopening states, sending stocks higher and powering the Nasdaq Composite to close above 10,000 and establish a new record high on successive days. But the market quickly…
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Featured Article: U.S. Economy Gains Momentum
Economic Calendar
Quote of the Week
Recipe of the Week: Gumbo
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
U.S. Economy Gains Momentum
Stocks moved higher last week on news of more Federal Reserve market support and diminished concerns that new COVID-19 cases might lead to another economic shutdown.
The Dow Jones Industrial Average rose 1.04%, while the Standard & Poor’s 500 gained 1.86%. The Nasdaq Composite Index jumped 3.73% for the week. The MSCI EAFE Index, which tracks developed overseas stock markets, increased 1.88%.
News on Monday that the Fed would be expanding its bond-buying program to include the debt of individual companies sparked a sharp jump in stocks. The momentum gained through the week as investors focused on positive economic signals, especially with…
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Featured Article: Markets React to Fed Report
Economic Calendar
Quote of the Week
Recipe of the Week: Kale Slaw
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Markets React to Fed Report
Investor sentiment turned negative last week, amid an increasing number of COVID-19 cases in states where reopening has been underway as well as a subdued economic forecast from the Federal Reserve.
The Dow Jones Industrial Average dropped 5.55%, while the Standard & Poor’s 500 lost 4.78%. The Nasdaq Composite Index slipped 2.30% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, fell 3.10%.
The optimism that drove stock prices higher these past several weeks slipped away on reports of a jump in COVID-19 cases, which sparked worries of…
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Featured Article: Recovery Optimism Builds
Economic Calendar
Quote of the Week
Recipe of the Week: Spinach Pomegranate Salad with Chicken
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Recovery Optimism Builds
A positive jobs report sent stocks soaring last Friday, capping a solid week as evidence of a global economic recovery outweighed concerns over civil unrest and tensions with China.
The Dow Jones Industrial Average jumped 6.81%, while the Standard & Poor’s 500 advanced 4.91%. The tech-heavy Nasdaq Composite Index lagged, climbing 3.42%. The MSCI EAFE Index, which tracks developed stock markets overseas, gained 5.52%.
Despite multiple headwinds, stocks rode a wave of optimism over economic recovery and were encouraged by signs that a feared spike in…
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Featured Article: Optimism for Re-Opening
Economic Calendar
Quote of the Week
Recipe of the Week: Salad Rolls
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Optimism for Re-Opening
The shortened week, which began with a powerful two-day rally of trading, was enough to drive the markets into another week of solid gains.
The Dow Jones Industrial Average rose 3.75%, while the Standard & Poor’s 500 advanced 3.01%. The Nasdaq Composite Index climbed 1.77% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, gained 6.18%.
Returning from Memorial Day weekend, stocks surged on rising optimism over economic re-opening, declines in new infections, and progress in the…
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Featured Article: Markets React to Positive Outlook
Economic Calendar
Quote of the Week
Recipe of the Week: Vegetarian Chili
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Markets React to Positive Outlook
Upbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the stock market last week.
The Dow Jones Industrial Average rose 3.29%, while the Standard & Poor’s 500 advanced 3.20%. The Nasdaq Composite index climbed 3.44% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, gained 3.87%.
The markets surged higher to open the week, buoyed by a Sunday night “60 Minutes” interview with Fed Chair Jerome Powell, who said that the Federal Reserve would do everything necessary to support economic recovery. Rising oil prices and…
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Featured Article: Powell Somber on Recovery
Economic Calendar
Quote of the Week
Recipe of the Week: Bread Pakora
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Powell Somber on Recovery
Stocks drifted lower last week, weighed down by Federal Reserve Chairman Jerome Powell’s unsettling comments on the economy and signs of renewed tensions with China.
The Dow Jones Industrial Average fell 2.65%, while the Standard & Poor’s 500 retreated 2.26%. The Nasdaq Composite Index slipped 1.17% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, slid 3.66%.
Stocks moved lower throughout most of last week on worries that the emerging economic reopening might accelerate the spread of COVID-19. Comments by Fed Chair Powell added to the downside pressure when he expressed concern about the…
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Featured Article: Jobs Down, Stocks Up
Economic Calendar
Quote of the Week
Recipe of the Week: Croissants
Tax Tips
Golf Tips
Healthy Lifestyle
Green Living
Jobs Down, Stocks Up
Despite a historic downturn in employment, stocks managed to climb higher last week as investors were emboldened by the pace of economic re-openings, both here and abroad.
The Dow Jones Industrial Average gained 2.56%, while the Standard & Poor’s 500 advanced 3.50%. The Nasdaq Composite Index jumped 6.00% for the week. The MSCI EAFE Index, which tracks developed overseas stock markets, slipped 1.09%.
Last week’s trading was driven by a crosscurrent of emotions — worries about weak corporate earnings pace of business re-openings as well as optimism over the pickup in economic activity and progress on developing a…