Weekly Market Update

Global Market News Global equities make gains Global equities made gains this week. The Dow Jones and S&P 500 rose 1.43% and 2.50%, respectively, while the Nasdaq climbed 3.25% on the week. The US 10-year Treasury dropped a few basis points but remained high at...

Weekly Market Update

Global Market News Global equities mixed Global equities were mixed this week. The Dow was down -0.45%, the S&P rose 0.82%, and the Nasdaq gained 2.26% over the week. The US 10-year Treasury dropped a couple of basis points but remained high at 4.23%, while the...

Weekly Market Update

The BlackSummit Team | August 19, 2023 Global Market News Global equities see losses Global equities were down this week amid rising Treasury yields and sluggish Chinese economic data. The S&P 500 and Dow Jones were down -2.11% and -2.21%, respectively, while the...

Weekly Market Update

The BlackSummit Team | August 5, 2023 Global Market News Fitch Ratings downgrade causes bond yields to riseOn Tuesday, Fitch Ratings bumped the credit rating of the United States’ debt by one notch, from AAA to AA+, in response to the debt ceiling...

Weekly Market Update

The BlackSummit Team | July 29, 2023 Global Market News Global equities make gainsGlobal equities made gains this week. The S&P 500 and Dow Jones closed up 1.01% and 0.66%, respectively, while the Nasdaq gained 2.02% over the week. The US 10-year Treasury ticked...

Weekly Market Update

Global Market News Global equities mixed Global equities were mixed this week as several disappointing tech earnings reports came out. The S&P 500 and Dow Jones closed up 0.69% and 2.08%, respectively, while the Nasdaq closed down 0.57%. The US 10-year Treasury...