Stocks End a Volatile Week with Slight Gains
Most major stock indices ended the volatile week with slight gains with the exception of the small cap Russell 2000 which ended the week down. Stocks sold off after the FED announcement as the FED statement and the press conference indicated there may be more work to be done on inflation. Market volatility was increased […]
Bank Jitters and Mixed Inflation Expectations Weigh on Markets
Major stock indices ended a volatile week mixed. Bank jitters continue to weigh on markets. There were mixed data on inflation this week. While consumer prices continue to rise, producer prices fell in February. Industrial production was unchanged in February. First time claims for unemployment remain low as the tight labor market threatens to push […]
Stock Sell off on Fears of Increased FED Tightening As Economic and Labor Data Remain Strong and Large Bank Fails
Major stock indices sold off as strong jobs data increased the likelihood of larger FED rate hikes. The Dow Jones Industrials saw its worst week since last June. Adding to the selloff was the failure of Silicon Valley Bank, the biggest bank failure since 2008. The bank catered to startup technology firms. On Wednesday the […]
Stocks Rise on Improving Services Section
Major stock indices were substantially higher this week as S&P Global’s U.S. services PMI expanded. Treasury bond yields were mixed with the 30-year bond ending at 3.880% and the 10-Year note at 3.962%. 30-year mortgage rates rose to 6.65%. Crude oil rose to $79.80 a barrel and natural gas rose to $3.142 per MMBTUs. The […]
