by The BlackSummit Team | Apr 25, 2014 | Uncategorized, Weekly Market Update
Market Action Equity markets started the week strong as a supposed agreement to deescalate tensions between Russia and Ukraine cooled risk concerns and paired with strong earnings reports, particularly from the technology sector, extended last week’s gains....
by The BlackSummit Team | Apr 18, 2014 | Uncategorized, Weekly Market Update
Market Action The US equity markets rebounded this week to effectively erase prior week’s losses in all areas save for technology. The Dow gained 381.79 points for the week while the S&P and NASADQ, both registered gains of 49.16 and 95.79 respectively. Technology...
by The BlackSummit Team | Mar 29, 2014 | Uncategorized, Weekly Market Update
Market Action The equity markets as measured by the Dow gained 19.78 points for the week while the S&P lost 10.05. Technical indicators imply a cautious approach. Biotech continued to weigh on the market this week. The index is down almost 14% since the end of...
by The BlackSummit Team | Mar 23, 2014 | Uncategorized, Weekly Market Update
Market Action The equity markets as measured by the Dow and S&P gained 132.74 and 13.77, respectively despite weak performances today. The recent rally was slowed this week by the Fed’s comments on raising rates and Crimea concerns. The health care sector realized...