Daily Market Blog

June 24, 2022

Stocks Rise and Post a Weekly Gain..... U.S. stocks closed solidly higher and, in the process, snapped a three-week losing streak for the broad-based S&P 500 Index which had posted weekly declines in 10 out of last 11 weeks. The sharp rebound came as investors...

June 23, 2022

Stocks Hang on to Gains, But Remain Choppy..... Unlike yesterday, U.S. stocks battled back from some early afternoon softness and managed to finish solidly in the green. The markets showed some resiliency in the face of growing recession concerns as Fed Chairman...

June 22, 2022

Stocks Fail to Rally..... U.S. stocks stumbled to the finish line to close the day just below the flatline, despite being in the green most of the day. Markets paid close attention to the first day of Fed Chairman Jerome Powell's two-day Congressional testimony, in...

June 21, 2022

Stocks Start Shortened Week on High Note..... U.S. equities finished solidly higher to start the holiday-shortened week on a high note after posting the worst weekly declines since March 2020 last week. Choppiness remained, and is likely to persist, as many central...

June 17, 2022

Stocks Head into Weekend Mixed, Notching Another Week of Losses..... U.S. equities were able to post gains in the final session of a wild week, but notched its tenth week of losses in eleven. Volatility persisted amid rising recession concerns, as a host of key global...

June 16, 2022

Markets Erase Fed-day Gains..... U.S. equities finished solidly lower, continuing a fairly common pattern of a reversal of a move on a Fed-day, which saw equities rally yesterday after the Central Bank raised rates by 75 basis points (bps)—the largest increase since...

June 15, 2022

Stocks Rally Following Fed Decision..... U.S. equities finished higher, rebounding from a recent selloff that has pulled the S&P 500 into bear market territory, joining the Nasdaq and Russell 2000. The moves came after the Federal Reserve upped the target for its...

June 13, 2022

Markets Selloff, Bringing S&P 500 into Bear Market..... U.S. equities finished solidly lower, adding to the sharp drop seen last week following Friday's hotter-than-expected consumer price inflation report. The crypto markets also contributed to the selloff as...

June 10, 2022

40-year High Inflation, Record Low Sentiment Sinks Stocks..... U.S. equities plunged in today's session, adding to yesterday's drop, and posting yet another week of solid losses. The tumble in the markets came amid heightened inflation concerns following an unexpected...

June 9, 2022

Markets Tumble Ahead of Tomorrow's Inflation Report..... U.S. equities accelerated to the downside in the final hour of trading, as investors await a key read on May consumer prices. As well, the European Central Bank (ECB) held its stance steady, but said it plans to...

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