The Market Week in Review

  Major U.S. stock indices finished the week higher with the tech heavy Nasdaq jumping over 2.00% as Amazon, Alphabet, and Apple rallied.  Interest rates were little changed with the 10-year treasury yield rising 2 basis points to 2.85%.  The spread between the 10-year treasury yield and the 2-year treasury yield remained unchanged, settling at a narrow 0.22%.  Commodity prices were mixed, with the price of gold dropping 0.43% to $1,206.30 an ounce and the price of crude oil rising 1.91% to $69.90 a barrel.  The U.S. dollar index was virtually unchanged dropping from 95.13 to 95.08.   Index Started…

The Market Week in Review

  Major stock indices finished the week higher amid strong earnings and economic data, with the S&P 500 and the Nasdaq finishing at record highs.  Interest rates came back down with the 10-year treasury yield dropping 3 basis points to 2.83%.  Short-term interest rates were virtually unchanged, resulting in the spread between the 2-year treasury yield and the 10-year treasury yield to also drop by 3 basis points to a very narrow 0.22%.  The price of gold jumped 2.22% to $1,211.50 an ounce after Fed Chair Jerome Powell announced at the Jackson Hole Economic Symposium that he defends gradual rate…

The Market Week in Review

  Stocks finished the week mostly higher despite steep losses earlier in the week.  Officials from both China and the U.S. announced Thursday that talks are scheduled next week in hopes of resolving ongoing trade disputes.  Officials are hoping that the two countries can come to an agreement by November.  Treasury yields managed to pare loses from earlier in the week.  The 10-year treasury ended the week at 2.86%.  The spread between the 10-year treasury yield and the 2-year treasury yield also dropped to 0.25%, 3 basis points lower than the week prior.  The price of gold moved slightly lower,…

The Market Week in Review

  Stocks finished the week mostly lower amid a financial crisis in Turkey rattling the global stock market.  However, the tech heavy Nasdaq index managed to keep its head above water as tech stocks rally.  The Russell 2000 also finished higher as small and mid-cap stocks tend to have less ties overseas.  Underwhelming inflation data pulled interest rates lower, with the 10-year treasury yield dropping 9 basis points to 2.86%.  The spread between the 10-year treasury yield and the 2-year treasury yield also dropped to 0.28%, 4 basis points lower than the week prior.  The price of gold moved slightly…

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