Overcoming a rocky start, stocks rallied into the close of a holiday-shortened week of trading as technology shares staged a powerful recovery and investors reacted positively to President Biden’s infrastructure spending proposal.
Continue reading “Weekly Market Insights: S&P 500 Rises Above 4,000”
Less than one month ahead of the traditional date, the IRS has delayed the deadline for filing and paying taxes. The new deadline is May 17, 2021. This new deadline also applies to making 2020 contributions to IRAs and Roth IRAs, health savings accounts (HSAs), and Coverdell education savings accounts (Coverdell ESAs).1,2,3
A rocky week with wide price swings led to mixed results for stocks last week, as investors grappled with anxieties over economic growth and weakness in technology and other high-growth stocks.
Continue reading “Weekly Market Insights: Rocky Week Despite Upbeat Signals”
Stocks touched new record highs last week as bond yields steadied, a fiscal relief bill was signed into law, and confidence in a strong economic recovery grew.
Continue reading “Weekly Market Insights: Economy Reacts to COVID-19 Stimulus”
Stocks were mixed last week as rising bond yields and heightening inflation fears sent stocks on a wild ride, capped by a remarkable Friday afternoon rally.
Continue reading “Weekly Market Insights: Stocks React Sharply to Bonds, Inflation”
Stocks dropped amid rising long-term bond yields, with sharp declines in high-valuation growth stocks leading the overall market lower.
Continue reading “Weekly Market Insights: Rising Bond Yields Diminish Stocks”
Rising bond yields dampened investor enthusiasm for high-multiple growth companies last week, sending market averages mostly lower in a holiday-shortened week of trading.
Continue reading “Weekly Market Insights: Rising Inflation Concerns”
Stock prices inched higher last week amid declining COVID-19 cases, a pick-up in vaccinations, and progress on a fiscal relief bill.
Continue reading “Weekly Market Insights: Fed Chair Says No Change For Now”
Stocks notched strong gains last week, paced by a string of solid economic reports and consensus-beating corporate earnings.
Continue reading “Weekly Market Insights: Markets Go Back to Basics”
Despite strong corporate earnings, stock prices closed lower after a volatile week of trading triggered by unprecedented activity in a handful of companies.
Continue reading “Weekly Market Insights: Unexpected Trading Rattles Market”