2017 Archive: The Week In Review
December 29, 2017
The trading day is done and the year is too. The former wasn't too special, but the latter was. The major indices closed today with losses ranging from 0.5% to 0.9%, unable to live up to the bullish bias that prevailed in pre-market... Read More
December 22, 2017
Friday's trading session for the stock market was a forgettable one and that's exactly how most market participants probably hoped it would be. There were no fireworks ahead of Monday's Christmas holiday, which will leave capital markets closed for a three-day stretch. The... Read More
December 15, 2017
Equities advanced to new record highs on Friday, underpinned by a renewed faith in tax reform.
The Nasdaq (+1.2%), the S&P 500 (+0.9%), and the Dow Jones Industrial Average (+0.6%) each finished at a new all-time high, ending the week with gains between 0.9%... Read More
December 8, 2017
U.S. stocks finished the week on a positive note, helped by a favorable Employment Situation Report for November.
Both the S&P 500 and the Dow settled at new all-time highs, adding 0.6% and 0.5%, respectively. The Nasdaq finished slightly behind its peers, adding 0.4%, while the small-cap Russell 2000 showed relative... Read More
December 1, 2017
U.S. equities trimmed weekly gains on Friday, but the prospect of tax reform helped keep losses in check.
The Dow Jones Industrial Average and the S&P 500 slipped 0.2% apiece, while the tech-heavy Nasdaq dropped 0.4%. For the week, the Dow and the S&P 500 added 2.9% and 1.5%, respectively, while... Read More
November 17, 2017
Stocks ended a rather uneventful Friday session modestly lower as investors turned their attention to the upcoming Thanksgiving holiday week. The Dow lost 0.4%, while the S&P 500 and the Nasdaq dropped 0.3% and 0.2%, respectively. Small caps outperformed, sending the Russell 2000 higher by 0.4%. Most of the S&P 500's 11... Read More
November 10, 2017
Doubts about the future of tax reform continued to linger on Friday, but stocks pared opening losses in the afternoon to leave the major U.S. indices little changed. The S&P 500 and the Dow finished with modest losses of 0.1% and 0.2%, respectively, while the Nasdaq closed just a tick... Read More
November 5, 2017
Wall Street ended a busy week on a positive note as stocks climbed to new record highs on Friday. The tech-heavy Nasdaq Composite (+0.7%) led the rally following another upbeat earnings report from Apple (AAPL 172.50, +4.39), while the S&P 500 Index (+0.3%) and the Dow Jones Industrial Average... Read More
October 27, 2017
Facing its first weekly loss since the week ended September 8, the stock market rallied on Friday, underpinned by the latest batch of earnings, which featured impressive results from mega-cap names like Amazon (AMZN 1100.95, +128.52), Microsoft (MSFT 83.81, +5.05), and... Read More
October 13, 2017
Stocks finished near the bottom of their narrow trading ranges on Friday, but still managed to eke out a narrow victory. The Nasdaq (+0.2%) finished at a new record high while S&P 500 (+0.1%) and the Dow (+0.1%) settled just a tick below their record marks. Small caps underperformed, sending... Read More
October 9, 2017
Stocks ended the week on a down note, giving back a small portion of their weekly gains. Losses were modest, however, with the S&P 500 (-0.1%) and the Dow (unch) settling just a tick below their unchanged marks. The tech-heavy Nasdaq (+0.1%) eked out a small victory, settling at yet... Read More
September 29, 2017
Equities ended the week, and the quarter, on a positive note, sending the S&P 500 (+0.4%) higher for the fourth session in a row. The benchmark index finished at a new record high, as did the Nasdaq (+0.7%) and the Russell 2000 (+0.1%), while the Dow (+0.1%) settled about eight... Read More
September 22, 2017
Friday was another quiet day on Wall Street as the major U.S. indices hovered near their flat lines from start to finish. The S&P 500 (+0.1%) finished just a tick above its unchanged mark, as did the Nasdaq (+0.1%), thanks to a late-afternoon rally that left the benchmark index at... Read More
September 15, 2017
Equities ticked up on Friday, capping off this week's run to record highs on a positive note. The Dow (+0.3%) advanced to a new-all time high once again, as did the S&P 500 (+0.2%), which settled right at the round mark of 2,500. The Nasdaq (+0.3%) also finished modestly higher,... Read More
September 8, 2017
The major U.S. indices closed out the abbreviated week on a mixed note as investors looked ahead to the weekend, which could see Hurricane Irma's arrival in Florida and another North Korean missile test in celebration of the country's 69th anniversary. The Dow... Read More
September 1, 2017
Equities ended another positive week on a positive note as investors took a relatively disappointing August jobs report in stride, pushing the Nasdaq (+0.1%) to a new record high (6,435.33). The S&P 500 and the Dow climbed 0.2% apiece, ending the day in... Read More
August 25, 2017
Investors pushed the stock market modestly higher on Friday to end a largely positive week on a positive note. The S&P 500 and the Dow added 0.2% and 0.1%, respectively, while the tech-heavy Nasdaq underperformed, shedding 0.1%. For the week, the S&P 500 added 0.7%.
Arguably the most-anticipated events of the... Read More
August 18, 2017
The major averages finished in negative territory for the second day in a row on Friday, adding to their losses for the week. The Dow led the retreat, losing 0.4%, while the S&P 500 and the Nasdaq finished lower by 0.2% and 0.1%,... Read More
August 11, 2017
The stock market's three-day slide came to an end on Friday, but just barely, as the S&P 500 (+0.1%) eked out a narrow victory. The Dow (+0.1%) finished in line with the benchmark index while the Nasdaq outperformed, advancing 0.6%. For the week,... Read More
August 4, 2017
The major averages eked out another win on Friday following the release of the Employment Situation Report for July, which showed an impressive increase in nonfarm payrolls. The Dow (+0.3%) cruised to its eighth-consecutive record close, finishing a tick above both the S&P 500 (+0.2%) and the Nasdaq (+0.2%). For... Read More
July 21, 2017
The major averages rode a late-afternoon rally to fresh session highs, but, unfortunately, it just wasn't quite enough to get them into the green. The Nasdaq (unch) finished just a tick below its flat line, breaking its ten-session winning streak. The S&P 500 (unch) settled in line with the Nasdaq... Read More
July 7, 2017
Investors rallied around the Employment Situation Report for June on Friday to finish the abbreviated week on a positive note. The Nasdaq led the advance, moving higher by 1.0%, while the S&P 500 and the Dow settled with gains of 0.6% and 0.4%,... Read More
June 30, 2017
The stock market was on track to end Friday on its session high, but quarter-end selling during the final minutes of the action knocked the key indices off their afternoon highs. The S&P 500 added 0.2%, trimming this week's loss to 0.6%, while the Nasdaq Composite (-0.1%) underperformed, widening its... Read More
June 23, 2017
Wall Street ended the week on a positive note as the S&P 500 (+0.2%) cruised to a modest victory on the back of the technology (+0.7%) and energy (+0.8%) sectors. The Nasdaq (+0.5%) and the Russell 2000 (+0.7%) outperformed while the Dow (unch)... Read More
June 16, 2017
Investors continued to play it safe on Friday, as they have done throughout the week, leaving the major averages little changed. The Dow (+0.1%) and the Nasdaq (-0.2%) settled on opposite sides of the S&P 500 (unch), which finished just a tick above its unchanged mark. For the week, the... Read More
June 9, 2017
The major U.S. indices closed the week on a mixed note as a sector rotation trade pitted the top-weighted technology sector (-2.7%) against the financials (+1.9%) and energy (+2.5%) groups. The tech-heavy Nasdaq (-1.8%) finished solidly lower while the S&P 500 (-0.1%) settled just a tick below its unchanged mark.... Read More
June 2, 2017
The major U.S. indices advanced to new record highs on Friday, for the second day in a row, after investors made the most of a disappointing Employment Situation Report for May. The Nasdaq (+0.9%) led the charge, more than doubling the gains of... Read More
May 26, 2017
Friday's session was range-bound throughout with the major U.S. indices trending sideways at their unchanged marks from start to finish. The S&P 500 (unch) and the Nasdaq (+0.1%) eked out their seventh-consecutive wins while the Dow (unch) finished three points below its flat... Read More
May 19, 2017
After posting its worst one-day loss in eight months on Wednesday (-1.8%), the stock market ended the week with two bounce-back performances that left the S&P 500 with just a modest loss for the week (-0.4%). The benchmark index challenged its flat line... Read More
May 12, 2017
The Nasdaq (+0.1%) escaped Friday's session with a win as Apple (AAPL 156.10, +2.15) and Amazon.com (AMZN 961.35, +13.73) climbed to fresh record highs. Meanwhile, the Dow (-0.1%) and the S&P 500 (-0.2%) settled with modest losses. For the week, the S&P 500 declined 0.4%.
U.S. Treasuries finished solidly... Read More
May 5, 2017
The major averages wrapped up the range-bound week with modest Friday gains. The S&P 500 (+0.4%) and the Nasdaq (+0.4%) finished at new record highs while the Dow (+0.3%) settled just a step behind its peers. For the week, the S&P 500 added 0.6%.
Buyers had a slight edge from the... Read More
April 28, 2017
Investors took some money off the table on Friday, cashing in on the stock market's best week in over two months. However, a handful of upbeat earnings reports from heavy hitters like Alphabet (GOOGL 924.52, +33.08) and Amazon (AMZN 924.99, +6.61) kept losses in check. The S&P 500... Read More
April 21, 2017
The French presidential election, and the uncertainty that surrounds it, weighed on investor sentiment on Friday. However, a batch of positive earnings reports and an update on tax reform plans from Washington helped keep losses in check. The S&P 500 finished with a... Read More
April 13, 2017
The stock market wrapped up the abbreviated week with its third consecutive loss as investors refused to be swayed by a handful of bullish catalysts. The major averages settled at the lower end of the day's trading range with the tech-heavy Nasdaq (-0.5%) finishing just a step ahead of the... Read More
April 7, 2017
There was a lot to talk about on Friday, but the market was not sure what to make of it all, as stocks slipped out of the gate, but spent the day in a slow climb to end little changed. The S&P 500... Read More
March 31, 2017
The stock market secured its best first quarter performance in four years on Friday, but it did so in a rather spiritless manner as the major averages held close to their unchanged marks from start to finish. The S&P 500 (-0.2%) and the Dow (-0.3%)... Read More
March 24, 2017
The major averages opened Friday with modest gains as investors were cautiously optimistic that the American Health Care Act would pass in the House. However, that positive sentiment faded as the day wore on and reports from Washington indicated that the GOP still hadn't acquired the necessary votes. In... Read More
March 17, 2017
Defying the spirit of St. Patrick's Day, the major averages failed to turn shamrock green, closing just a 'wee bit' below their flat lines. The Nasdaq finished flat while the S&P 500 and the Dow closed with losses of 0.1% apiece.
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March 10, 2017
A rate hike at next week's FOMC meeting appears to be a mere formality following the better than expected Employment Situation Report for February, which crossed the wires early Friday morning. That seemed to be alright with investors as they pushed the major averages higher to finish a slightly... Read More
March 3, 2017
The major averages finished Friday's session near their unchanged marks as investors digested the latest remarks from Fed Chair Janet Yellen. The Nasdaq (+0.2%) outperformed while the S&P 500 (+0.1%) finished with a slim gain. The Dow closed the day unchanged.
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February 24, 2017
The stock market held a modest loss throughout the majority of Friday's session, but the cautious sentiment was just an illusion as bulls bought the dip and pushed the stock market into the green during the final minutes of the session. The S&P 500 (+0.2%) and the Nasdaq (+0.2%) eked... Read More
February 17, 2017
Buyers showed up late to the party on Friday but were still able to recoup modest morning losses and push the major averages to fresh record highs. The uptick during the final hour prevented a mixed finish with the Nasdaq (+0.3%) and the... Read More
February 10, 2017
Equity indices closed the week on an upbeat note, climbing to fresh record highs for the second consecutive day. The Dow (+0.5%) led the advance while the Nasdaq (+0.3%) finished just behind the S&P 500 (+0.4%).
p... Read More
February 3, 2017
Friday's economic data gave investors the confidence to finally break the week's sideways trend and push the stock market higher. The major averages hit their session highs within an hour of the opening bell and maintained said levels into the close. The S&P 500 finished with a gain of 0.7%,... Read More
January 27, 2017
It appears that investors ran out of ink after rewriting the record book during Wednesday's session as the major averages closed the week relatively unchanged from those record levels. The S&P 500 (-0.1%) finished Friday's session just below its flat line, while the... Read More
January 20, 2017
The rubber has finally met the road as Donald Trump became the 45th President of the United States on Friday. It will now be up to his administration to live up to the post-election hype that pushed the stock market up nearly 7.0% between the November 8th election and the... Read More
January 13, 2017
The major averages finished Friday's session mixed. The S&P 500 (+0.2%) and the Nasdaq (+0.5%) closed in the green, while the Dow (unch) finished in the red.
Investors had high... Read More
January 6, 2017
The stock market closed the week on a higher note, with the S&P 500 and the Nasdaq finishing Friday's session higher by 0.4% and 0.6%, respectively. The Dow (+0.3%) finished the day 34 points shy of the elusive 20k mark after coming within... Read More