by The BlackSummit Team | Sep 22, 2023 | Weekly Market Update
Global Market News Global equities decline Global equities were down on the week as Treasury yields surged to new highs. The Dow Jones lost 1.89%, while the S&P 500 fell 2.93%. The Nasdaq came down 3.62% on the week. The US 10-year Treasury rose to as high as 4.5%...
by The BlackSummit Team | Sep 16, 2023 | Weekly Market Update
Global Market News Global equities are mixed Global equities had mixed results this week. The Dow Jones rose only 0.12%, while the S&P 500 fell 0.16%. The Nasdaq also fell 0.39% on the week. The US 10-year Treasury rose a few basis points to 4.33%. Meanwhile, the...
by The BlackSummit Team | Sep 2, 2023 | 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...
by The BlackSummit Team | Aug 26, 2023 | 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...
by The BlackSummit Team | Aug 19, 2023 | 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...
by The BlackSummit Team | Aug 5, 2023 | 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...