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Stocks Mixed Ahead of Election

jmuch2024-10-28T05:11:01-05:00October 28, 2024|Categories: Weekly Update|Tags: artificial intelligence, chicago, CPI, debt, estate planning, financial planning, Inflation, Interest Rates, investing, market volatility, markets, risk management, social security, taxes, wealth management, wealth transfer, women|

The Weekly Update

Week of October 28th, 2024
By Christopher T. Much, CFP®, AIF®

Stocks were mixed last week as fresh economic data points and election-related uncertainty slowed market momentum.

The Standard & Poor’s 500 Index fell 0.96 percent, while the Nasdaq Composite Index rose 0.16 percent. The Dow Jones Industrial Average dropped 2.68 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, slid 2.30 percent.

Nasdaq Leads
Stocks were mixed for the first half of the week as investors geared up for a steady stream of Q3 reports. The 10-year Treasury yield continued to trend higher, which caught the attention of some traders.
Markets fell Wednesday morning with news that existing home sales fell to a 14-year low in October; still slowed by higher interest rates, sales are on track for their worst year since 1995. Also, pre-election jitters remained an undertow with traders.

News that durable goods orders rose in September buoyed …

Sixth Week of Gains on Wall Street

jmuch2024-10-21T10:15:54-05:00October 21, 2024|Categories: Weekly Update|Tags: AI, alternative investments, chicago, CPI, debt, estate planning, financial planning, Inflation, Interest Rates, investing, market volatility, markets, retirement, risk management, taxes, wealth management, women|

The Weekly Update

Week of October 21st, 2024
By Christopher T. Much, CFP®, AIF®

Stocks posted modest gains last week, with quarterly earnings season in full swing and the election on the horizon.

The Standard & Poor’s 500 Index increased 0.85 percent, while the Nasdaq Composite Index rose 0.80 percent. The Dow Jones Industrial Average advanced 0.96 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, fell 0.31 percent.

Six in a Row
Stocks bolted out of the gate as the week began. The S&P 500 and the Dow Industrials hit record highs, with the Dow crossing 43,000 for the first time.

Midweek, the news of stronger-than-expected retail sales report contributed to overall market momentum. Retail sales rose a seasonally adjusted 0.4 percent in September, topping economists’ forecasts.

As the week wrapped up, the technology sector helped fuel a rally that pushed the S&P and Nasdaq to another record high. It was the sixth …

Addressing the Debt Ceiling

jmuch2023-04-06T18:52:45-05:00April 6, 2023|Categories: Resource Center|Tags: debt, debt ceiling, economy|