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Category Archives: Federal Reserve

Major stock averages mixed ahead of FOMC meeting

Buy not on optimism, but on arithmetic. – Benjamin Graham After closing at a 52-week high of 2,119 on Wednesday, the S&P 500 fell about 1% during the last two trading days to end the week virtually flat. It looked like momentum would be enough to propel the benchmark index through the all-time closing high […]

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Stocks edge lower on weak May jobs report

Service to others is the rent you pay for your room here on earth. – Muhammad Ali The major stock averages ended the week close to the flat line as the weak May employment report almost certainly eliminated any chance that the Federal Reserve will raise interest rates at its meeting later this month. Based […]

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S&P 500 rises over 2% on strong economic data

What we learn from history is that people don’t learn from history. – Warren Buffett Despite increasing odds of a Federal Reserve interest rate hike over the next few months, stocks climbed more than 2% last week as economic data was better than expected. Investors have become more comfortable with the possibility of a rate […]

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S&P 500 edges higher despite renewed Fed rate hike fears

Everyone has the power to follow the stock market. If you made it through fifth grade math, you can do it. – Peter Lynch After declining for three consecutive weeks, the S&P 500 Index managed to eke out a modest gain last week despite renewed fears that the Federal Reserve may raise interest rates at […]

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S&P 500 slips on weak retail outlook, stronger dollar

Index investing outperforms active management year after year. – Jim Rogers The S&P 500 Index posted a modest loss for the third consecutive week as several major retailers reported disappointing quarterly sales and earnings and a stronger dollar weighed on commodity prices.  The Dow Jones Industrial Average, which is comprised of large, multi-national companies with […]

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Stocks edge lower on renewed global growth concerns

It is not necessary to do extraordinary things to get extraordinary results. …By periodically investing in an index fund, the know-nothing investor can actually outperform most investment professionals. – Warren Buffett Stocks edged lower last week as weaker than expected economic data from both the U.S. and China caused renewed concern among investors that global […]

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Weak GDP growth, tech earnings send stocks lower

Commodities tend to zig, when the equity markets zag. – Jim Rogers Both the S&P 500 Index and the Dow Jones Industrial Average ended the week on a sour note and closed lower by more than 1% as several factors seemed to unnerve investors. The technology-laden Nasdaq Composite Index dropped even more as disappointing earnings […]

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S&P 500 advances despite weak technology earnings

Generally, the greater the stigma or revulsion, the better the bargain. –  Seth Klarman, American billionaire who founded one of the world’s largest hedge funds The S&P 500 Index came with 1% of eclipsing its all-time high set in May 2015 before fading later in the week on disappointing earnings from Alphabet (parent company of […]

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Stocks gain on bank earnings, Chinese economic data

Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it. – Peter Lynch Financial stocks led the major stock averages higher last week as bank earnings were better than expected and investors breathed a sigh relief after the release of economic data from […]

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Stocks close lower on growth concerns, profit-taking

Chains of habits are too light to be felt until they are too heavy to be broken. – Warren Buffett The stock market posted its worst week since February as investors once again fretted about global growth concerns and decided to take some profits after stocks rose 2% the previous week. First quarter earnings season […]

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