by The BlackSummit Team | Feb 1, 2025 | Weekly Market Update
Global Market News Global Equities Down Global equities were down on the week amid volatility, primarily in tech stocks, fueled by Chinese AI startup DeepSeek’s unveiling of its AI model that costs 95% less to develop than others (see details below). The...
by The BlackSummit Team | Jan 25, 2025 | Weekly Market Update
Global Market News Global Equities Make Gains Global equities made gains this week. The Dow Jones and S&P 500 rose 2.15% and 1.74%, respectively, while the Nasdaq gained 1.65%. The US 10-year Treasury note was relatively unchanged on the week, closing Friday at...
by The BlackSummit Team | Jan 18, 2025 | Weekly Market Update
Global Market News Global Equities Gain Global equities made gains his week as inflation fears eased. The Dow Jones and the S&P 500 rose 3.69% and 2.91%, respectively, and the Nasdaq increased 2.45%. The US 10-year Treasury note dropped several basis points to...
by The BlackSummit Team | Jan 11, 2025 | Weekly Market Update
Global Market News Global Equities Decline Global equities continued to decline this week. The Dow Jones and S&P 500 declined 1.85% and 1.95%, respectively, while the Nasdaq lost 2.34% on the week. The US 10-year Treasury note rose sharply to 4.76% over the week...
by The BlackSummit Team | Jan 4, 2025 | Weekly Market Update
Global Market News Global Equities Decline Global equities declined this week. The Dow Jones and S&P 500 decreased 0.63% and 0.50%, respectively, while the Nasdaq lost 0.52%. The US 10-year Treasury note rose slightly over the week to 4.60%. Meanwhile, the price...
by The BlackSummit Team | Dec 14, 2024 | Weekly Market Update
Global Market News Global Equities Decline Global equities were slightly lower on the week. The Dow Jones and S&P 500 declined 1.82% and 0.64%, respectively. On the other hand, the Nasdaq rose 0.34% over the week, notching a record high above the 20,000 mark on...