ClientFirst Financial Strategies
Financial Planning and Portfolio Management
The three major US stock market indices produced a mixed bag of results for the week even though AAPL — a major index component — was down.
Talk about Fed interest rate cuts quieted this past week yet all three major US stock market indices rose. Both the S&P 500 and DJIA hit all-time highs as AI chipmaker Nvidia announced blowout earnings.
The US stock market has increased 14 of the past 15 weeks under the assumption that the Federal Reserve will start cutting interest rates soon. Well, not so fast! With the US economy and employment statistics holding strong, it appears that the Fed may keep interest rates higher for even longer.
The S&P 500 has posted gains 14 out of the last 15 weeks. Although that winning streak is not as long as the 27-game win streak by Wilt Chamberlain’s 1971 Los Angeles Lakers, it’s still pretty impressive!
We’re literally and figuratively playing that same record over again. All three major US stock market indices posted gains for the week with the S&P 500 and DJIA closing at all-time highs!
The highs keep coming for the major US stock market indices as all three notched additional gains last week. We saw both the DJIA and S&P 500 hit record levels.
Big tech had a big week driving two of the three major US stock market indices to record highs. It has been two years since the S&P 500 last peaked. This week, the index finally achieved a new record close.
All three major US stock market indices posted gains for the week, so we may be “on the road again!” AAPL staged a roaring comeback after stumbling out of the gate last week and boosted the S&P 500 within 0.3% from its all-time high!
2023 went out with a bang while 2024 came in with a whimper. All three major US stock market indices posted negative returns for the holiday-shortened week. Not sure what the culprit was. In addition, to kick the year off, we are introducing periodic announcements to help inform your financial decisions.
The S&P 500 celebrated its 8th straight week of gains while the other two major US stock market indices rode its coattails. Only the DJIA has broken its previous January 2022 historic high. The S&P 500 and Nasdaq are approaching theirs.