by The BlackSummit Team | Mar 11, 2023 | Uncategorized, Weekly Market Update
Global Market News Global equities fall Global equities were down on the week amid hawkish comments from the Fed and turmoil in the financials sector. The S&P 500 and Dow Jones were down 4.54% and 4.43% on the week, respectively, while the Nasdaq fell 4.71%. The...
by The BlackSummit Team | Mar 4, 2023 | Uncategorized, Weekly Market Update
Global Market News Global equities rebound Global equities were up on the week in an attempt to rebound from last week’s slump. The S&P 500 and Dow Jones were up 1.90% and 1.75% respectively, while the Nasdaq gained 2.58%. After reaching above 4% midweek,...
by Rachel Poole | Feb 25, 2023 | Uncategorized, Weekly Market Update
Global Market News Global equities decline Global equities were lower on the week as investors priced in additional rate hikes from central banks due to stubborn inflation. The S&P 500 and Dow Jones were down 2.67% and 2.99% respectively, while the Nasdaq dropped...
by The BlackSummit Team | Feb 11, 2023 | Uncategorized, Weekly Market Update
Global Market News Global equities decline Global equities were lower on the week. The S&P 500 and Dow Jones were down 1.11% and 0.17% respectively, while the Nasdaq dropped 2.41%. The yield on the US 10-year Treasury jumped up several basis points to 3.74%. The...
by The BlackSummit Team | Feb 4, 2023 | Uncategorized, Weekly Market Update
Global Market News Global equities make gains Global equities were positive on the week despite a turn on Friday. The S&P 500 and Nasdaq rose 1.62% and 3.31% respectively, while the Dow Jones declined 0.15%. The yield on the US 10-year Treasury increased slightly...
by The BlackSummit Team | Jan 28, 2023 | Uncategorized, Weekly Market Update
Global Market News Global equities make gains Global equities were positive on the week as US growth data gave a boost of confidence to the markets. The S&P 500 and Dow Jones rose 2.47% and 1.81% respectively, while the Nasdaq rose 4.32%. The yield on the US...