Market Commentaries

28 Apr

Better Than Expected Earnings Power Indices Higher

April 28th, 2023 Below are this week’s highlights and key indicators: Stronger than expected corporate earnings from big tech giants Microsoft and Meta Platforms powered the major indices higher this week. The Dow Jones Industrial Average rose 2.48%, while the S&P 500 climbed 1.46%. Their results helped improve the still evolving, aggregate earning picture with the…

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21 Apr

Balanced Readings Result in Quiet Week

April 21st, 2023 Stocks closed out the week not much changed with the S&P 500 finishing relatively flat. Trading was listless with investors having little else to focus on other than earnings.  As of Friday, 88 of the S&P 500 companies had reported, of which 76% managed to beat analyst estimates. It should be noted that analyst estimates…

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14 Apr

Cooler Data Not Enough For Pivot

April 14th, 2023 Equities posted another winning week as signs of slowing economic growth fanned investors’ hopes that the Federal Reserve could soon conclude its rate tightening campaign. Last week’s jobs report showed a steadying jobs market with 236K added to the payrolls in March, down from 326K new hires in February and 472K in…

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