Weekly Market Update

By: The BlackSummit Team | On: May 31, 2014 |

Weekly Market Update

Market Action US equity markets closed the month of May posting gains. It marks the fourth month in the year that stocks have posted gains. The S&P 500 and Dow […]

By: The BlackSummit Team | On: May 25, 2014 |

Weekly Market Update

Market Action Stock markets in the US posted their first gains in three weeks. The S&P 500 closed at a record high on Friday despite little in the way of […]

By: The BlackSummit Team | On: May 17, 2014 |

Weekly Market Update

Market Action A positive start to equities this week quickly reversed course by the time markets opened on Wednesday. Low US Retail Sales prefaced poor data from China and Australia […]

By: The BlackSummit Team | On: May 9, 2014 |

Weekly Market Update

Market Action Poor international data inspired a downward start this past week. PMI data from China indicated contraction while escalating Ukrainian instability and more punitive sanctions coming from Europe against […]

By: The BlackSummit Team | On: May 4, 2014 |

Weekly Market Update

Market Action Talk of M&A activity early in the week elevated markets as GE’s attempt to acquire Alstom and Pfizer’s bid for AstraZeneca dominated headlines. Stronger than expected data on […]

By: The BlackSummit Team | On: April 25, 2014 |

Weekly Market Update

Market Action Equity markets started the week strong as a supposed agreement to deescalate tensions between Russia and Ukraine cooled risk concerns and paired with strong earnings reports, particularly from […]

By: The BlackSummit Team | On: April 18, 2014 |

Weekly Market Update

Market Action The US equity markets rebounded this week to effectively erase prior week’s losses in all areas save for technology. The Dow gained 381.79 points for the week while […]

By: The BlackSummit Team | On: March 29, 2014 |

Weekly Market Update

Market Action The equity markets as measured by the Dow gained 19.78 points for the week while the S&P lost 10.05. Technical indicators imply a cautious approach. Biotech continued to […]

By: The BlackSummit Team | On: March 23, 2014 |

Weekly Market Update

Market Action The equity markets as measured by the Dow and S&P gained 132.74 and 13.77, respectively despite weak performances today. The recent rally was slowed this week by the […]