Tag Archives: COVID

09 Feb

Market Milestone: S&P 500 Tops 5,000

February 9, 2024 For the first time since its inception in 1923, the S&P 500 closed above the 5,000 level on Friday. The index had flirted with the milestone on Thursday, hitting an intraday high of 5,000.40 before ending the trading session slightly below the level. The record initially looked like it wouldn’t happen this…

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02 Feb

Phil and Investors Predict an Early Spring

February 2, 2024 The Dow Jones Industrial Average posted a fresh record on Friday, managing to recover from Wednesday’s sell-off following the FOMC meeting. As expected, the Federal Reserve voted to hold interest rates steady at its current range of 5.25% to 5.50%, but the official statement following the meeting dashed investors’ hopes for a…

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26 Jan

Economy Keeps Dealing Aces

January 26th, 2024 It was another winning week on Wall Street with the S&P 500 notching another record high and the Dow Jones Industrial Average closing above 38,000 for the first time ever. A better than expected Q4 GDP report combined with slowing inflation and strong earnings results fueled equity markets. Meanwhile, bond investors struggled…

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