Weekly Market Update

Market Action The MSCI World benchmark of large and mid-cap stocks reached a new all-time high on Wednesday amid gains in most Asian and European markets. Japan’s Nikkei advanced to its highest level since 1996, and European shares reached four-month highs this week....

Weekly Market Update

Market Action Movement regarding the U.S. budget and tax reform helped propel the S&P 500 to an unusual 8 consecutive days of new high closings. On Friday, when the U.S. Department of Labor reported a loss of 33,000 jobs in September (blamed on Hurricanes Harvey...

Weekly Market Update

Market Action Spanish authorities have confiscated millions of voting papers in Catalonia and stationed additional police in the region ahead of Sunday’s independence referendum, with the vote declared illegal by Madrid and Spain’s constitutional court....

Weekly Market Update

Market Action Major stock indexes rose to records earlier this week, then decreased—closing mostly flat or slightly down for the week—while treasury yields increased, as global tension came back into the forefront with North Korea’s announcement that the country may...

Weekly Market Update

Market Action U.S. stocks rose to weekly gains in a stretch that included four straight records for the Dow Jones Industrial Average. The S&P 500, Dow industrials and Nasdaq Composite also reached fresh closing highs together on Tuesday and Wednesday. Asian stocks...

Weekly Market Update

Market Action The major stock indices—and especially US stocks—moved lower this week amid concern about the impact of hurricanes Harvey and Irma (while Mexico was shaken by its strongest earthquake in a century) along with an increasing sense of geopolitical tension...