Bond prices improved and yields declined with 10-year Treasury note yields falling to their lowest level since the beginning of August after the release of economic news on Friday morning showing flat retail sales in July and the largest drop in producer prices in almost a year. Also, the maj...
After plunging on Friday, June 24 and Monday, June 27 in response to Great Britain’s “Brexit” vote to leave the European Union, U.S. stocks strongly rebounded during the rest of the week. The updated table below shows how close the major stock market indexes are to fully recovering from the Br...
Great Britain’s referendum (the so-called Brexit vote) on whether or not the country would leave the European Union (EU) dominated market sentiment throughout the week. Bonds trended lower for much of the week until exploding higher on Friday while stocks reached their highs on Thursday when m...
Concerns over the upcoming “Brexit” vote in Great Britain scheduled for June 23 drove much of the week’s investor sentiment, not only on Wall Street, but in many foreign equity and bond markets. Polls early in the week showed an increase in support for Britain leaving the European Union (EU) ...
The major stock market indexes ended “mixed” for the week as global economic worries reappeared toward the end of the week to send the indexes lower from their best levels. Global equity markets fell on Thursday following investor concerns about economic growth in the eurozone. These concerns...
The major stock market indexes struggled during the week while the bond market performed well from mid-week on. Corporate earnings and economic reports were mixed throughout the week and contributed to an increase in bond prices and lower yields as investors sought a safer refuge in lower risk...
The major stock market indexes reversed the prior week’s losses and moved higher for the week to reach their highest levels in several months while bond prices slipped a little lower, though mortgage rates were mostly unchanged for the week. The large and mid-cap indexes reached new 2016 highs...
The stock moved lower for the week while bond prices, including those of mortgage bonds, moved modestly higher. Although the decline in the major stock market indexes was not severe, the S&P 500 Index suffered its worst weekly performance in over two months, suspending the rally that has b...
There were two major news events impacting the financial markets this past week. The first occurred on Tuesday when both the stock and bond markets received a boost following “dovish” comments made by Fed Chair Janet Yellen. Although Yellen talked confidently about the economy with its ...
The number of home sales in Virginia — including central Virginia — continues to rise, despite a decline at the national level. A total of 833 single-family homes and condos or town houses sold in the Richmond area in February, up 10.2 percent from the same mo...
The economic calendar features several reports on housing in addition to weekly crude oil inventories and jobless claims. Durable Goods Orders and the third estimate of 4 th Quarter GDP will also attract investor attention. Economic reports having the greatest potential impact on the fi...
The stock market logged its fifth consecutive weekly advance while the bond market also scored noteworthy gains. Crude oil continued to rally helping to boost stocks when news surfaced of a meeting between 15 OPEC and non-OPEC producers planned for April 17 when serious plans to limit oil prod...
The stock market recorded its fourth consecutive weekly gain owing to a late rally on Friday. The broad-based advance resulted in the S&P 500 Index to its highest close so far this year, and within 1.08% of its ending level for 2015. Once again, stocks traded in tandem with the crude oil market ...
The stock market turned in a second consecutive week of gains as crude oil prices continued to play a significant role in driving market action in both stocks and bonds. Lately, there has been close to a 95% positive correlation between how the crude oil and stock markets have been trading....
This past week was a repeat of the underlying forces impacting the financial markets so far in 2016: volatile oil prices, diverging monetary policy, and concerns about the global economy. The stock market’s largest daily decline came on Monday, following another sharp decline in oil prices, wh...
Stock market investors suffered a tough week of losses while being bombarded by global economic news that turned out to be a mixed bag. Some of the news was decent, but most was disappointing, resulting in a degree of market instability. Monday, financial markets got off to a rough begi...
Weaker economic data coupled with declining interest rates overseas resulted in bond prices moving higher and yields moving lower during the week. The financial markets continued to be linked to the performance of crude oil. High yield bonds and stocks were given at least a temporary boo...
