October– Market Summary
In October, U.S. stocks experienced a decline, with the S&P and Nasdaq both falling over 10% from their July highs, entering correction territory. Big tech companies generally performed lower, impacting most sectors negatively, including Energy, Airlines, Media, Homebuilders, Chemicals, Semiconductors, Machinery, and Banks. However, Managed Care, Aerospace and Defense, Property and Casualty insurers, Healthcare providers, […]
August– Market Summary
In August, U.S. equities experienced a downturn as both the S&P 500 and Nasdaq-100 Indices recorded their initial monthly declines since February. The “Magnificent Seven,” which had driven over 75% of Nasdaq 100 gains in 2023 through July, displayed mixed results. Despite a 1.5% monthly decline, the Nasdaq 100, heavily influenced by the tech sector […]
June– Market Summary
During the first half of 2023, the broad U.S. equity benchmarks closed positively, displaying a combination of strong and subdued returns influenced by the size and sector makeup of their components. Large-cap and growth stocks notably outperformed small caps and value stocks, resulting in varied performances driven by several market concerns. The Nasdaq-100 (NDX) delivered […]
April– Market Summary
In March, the financial markets underwent varying experiences depending on one’s perspective, with mega caps seeing a decent performance while small and micro caps faced turbulence. Despite a rally in stocks during the first quarter, the onset of 1Q earnings cast a shadow on the market. Companies across industries, despite key earnings metrics running above […]
February – Market Summary
In January, the stock market experienced a significant rally due to easing expectations from the Federal Reserve (Fed). However, February brought about a different scenario. The month commenced with the Fed raising the benchmark rate by 25 basis points to 4.75%, and further increases of 25 basis points were anticipated in March and May. This […]