Stocks end the Week Mixed As Inflation Continues to Moderate
Major stock indices ended the week mixed. The biggest gains were in developed international and emerging markets while the small cap Russell 2000 ended slightly lower. The PCE price indices for August came in closer to the FED’s target. China has struggled with excess property inventories for years and is also seeing slower growth. China […]
Stocks Gain Again Boosted by FED Rate Cut
Stocks gained again last week boosted by the FED’s rate cut on Wednesday. Also, economic data released last week was mostly positive. All major indices ended higher with the biggest gain in the Russell 2000 small cap index. The FED cut short term interest rates by 0.5% to a range of 4.75% to 5.00%. This […]
Stocks Rebound After Last Week’s Selloff
Stocks rebounded last week after the prior week’s selloff. All major indices were up with sharp gains in the Nasdaq 100 and the Dow 30 Industrials. While the U.S. is still trying to reduce inflation to 2.0%, China is dealing with deflation. As a result of low birth rates and a declining population, China is […]
Stocks Fall on Disappointing Jobs and Manufacturing Data
Stocks had their worst week since March of 2023. Major stock indices ended significantly lower with the biggest drop in the Russell 2000 small cap and the tech heavy Nasdaq 100. North American manufacturing PMIs fell more rapidly in August while services PMIs improved in the U.S. and Canada. OPEC+ decided to delay a reduction […]
Stocks End the Week Mixed With Stronger Economic Data and Lower Inflation
Major stock indices were mixed for the week with a modest gain in the Dow 30 Industrials and the S&P 500 and modest losses in the Nasdaq 100, developed and emerging markets, and the Russell 2000 small caps. Economic data came in stronger with a pickup in durable goods orders, consumer spending and continued lower […]
