The Rockline Update

The Federal Open Market Committee (FOMC) reduced interest rates by 25 basis points, as expected, to a new range of 3.50% to 3.75%. 

Netflix (NFLX) has won the bidding war for Warner Bros. Discovery’s (WBD) film studio and streaming service. The enterprise value of the deal is $82.7 billion. 

All three major indices had strong performances to end the final week of November: DJIA (3.18%), S&P 500 (3.73%), NASDAQ (4.91%).

Though Stock Market Indexes were down for the week, the reopening of the Government has allowed for investors to regain insight into how the overall economy is preforming.

Year-to-date performances for the three major indices are as follows: DJIA (10.82%), S&P 500 (14.49%), NASDAQ (18.59%).

On Sunday night, the Senate passed a key measure to advance a bill that could fund most of the government until January.

All three major indices finished higher for the week: DJIA (1.56%), S&P 500 (1.70%), NASDAQ (2.14%).

Meeting minutes were released from the Federal Reserve’s September gathering where interest rates were reduced by 25 basis points to 4.00% to 4.25%.

Monthly winning streaks were extended for the three major indices with the DJIA and the S&P 500 both in the green for five straight months while NASDAQ was higher for six consecutive months.

The DJIA, S&P 500, and NASDAQ all closed Friday’s session in the green. All three major indices are currently positive in September: DJIA (1.54%), S&P 500 (2.84%), NASDAQ (4.79%). 

The DJIA is positive in back-to-back weeks, while the S&P 500 and NASDAQ extended their win streak to three weeks. Performances last week were as follows: DJIA (1.05%), S&P 500 (1.22%), NASDAQ (2.21%).

All three major indices finished in the green last week with performances as follows: DJIA (0.95%), S&P 500 (1.59%), NADAQ (2.03%).

The S&P 500 and NASDAQ reached new intraday all-time highs on Friday and closed out the week with weekly gains of 0.33% and 1.14%, respectively. 

The S&P 500 achieved new record highs during the week as all three major indices finished higher in the month of August: DJIA (3.20%), S&P 500 (1.91%), NASDAQ (1.58%).

At the annual Jackson Hole economic policy symposium, Federal Reserve Chairman Jerome Powell said, “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”

Back-to-back weekly gains were achieved for each of the three major indices with performances as follows: DJIA (1.74%), S&P 500 (0.94%), NASDAQ (0.81%).

The three major indices notched sizable gains and each had its best weekly performance since June: DJIA (1.35%), S&P 500 (2.43%), NASDAQ (3.87%).

The Federal Open Market Committee (FOMC) left interest rates unchanged at 4.25% to 4.50% in a 9-2 vote.

The S&P 500 and NASDAQ notched back-to-back weekly gains as both continued to achieve new record highs.

Both the S&P 500 and NASDAQ rebounded with weekly gains, up 0.59% and 1.51%, respectively. Each index continued to notch new record highs during the week. 

Meeting minutes were released from the Federal Reserve’s June gathering where interest rates were kept at 4.25% to 4.50%. 

The three major indices notched another week in the green, marking back-to-back weekly gains for the S&P 500 and three straight weeks in positive territory for both the DJIA and NASDAQ.

On Friday, the S&P 500 achieved anew all-time highof 6,187.68. The index had its best week out of the previous six weeks and is on pace for back-to-back months in the green, currently up 4.42% in June.

The Federal Open Market Committee (FOMC) kept interest rates at 4.25% to 4.50%, as expected. 

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All three major indices recorded gains, making it back-to-back weeks in the green. Performances were as follows: DJIA (1.17%), S&P 500 (1.50%), NASDAQ (2.18%).

The U.S. Court of International Trade blocked reciprocal tariffs imposed by President Donald Trump, who cited the International Emergency Economic Powers Act as giving him the authority to implement tariffs, which typically require Congressional approval.

A few headlines that the markets kept a close eye on last week included Moody’s downgrade of the United States’ credit rating, a proposed tax bill, and a tariff threat on the European Union. 

Moody's, a credit rating agency, downgraded US debt from AAA status to Aa1 on Friday citing increased spending and mounting debt as potential issues for one of the worlds most trusted debt issuers. 

Over the weekend, the US and China agreed to a 90 day reprieve on their substantially high tariff rates. Both parties agreed to cut their reciprocal tariffs to 10% while the US will still charge a 20% fentanyl tariff on Chinese imports.

The three major indices notched back-to-back weeks in the green with last week’s performances as follows: DJIA (3.00%), S&P 500 (2.92%), NASDAQ (3.42%).

Last week, President Donald Trump said he has “no intention of firing” Federal Reserve Chairman Jerome Powell, who has been pressured by Trump to lower interest rates. This was welcomed news to a jittery market...

In tariff news, President Donald Trump said he is looking to “help some of the car companies” since they “need a little bit of time” to switch production to the U.S. 

On Wednesday, President Donald Trump announced a 90-day pause on reciprocal tariffs...

On Wednesday, President Donald Trump announced tariffs on more than 180 countries and territories. Trump imposed a 10% baseline for tariffs, but many countries are subject to vastly higher rates.

The S&P 500 landed in negative territory for the fifth time over the past six weeks.

The Federal Open Market Committee kept interest rates unchanged at 4.25% to 4.50%, as expected.

Tariff news continues to dominate headlines...

The 25% tariffs on Mexico and Canada, as well as the additional 10% tariff on China, went into effect on Tuesday. In response, Mexico, Canada, and China announced plans to put retaliatory tariffs on the United States.

President Donald Trump said the 25% tariffs on Mexico and Canada, which were delayed from implementation for one month, will go into effect on March 4.

Meeting minutes were released from the Federal Reserve’s January decision, where interest rates were unanimously left unchanged at 4.25% to 4.50%. 

The three major indices rebounded with weekly gains: DJIA (0.55%), S&P 500 (1.47%), NASDAQ (2.58%).

In the week where President Donald Trump paused the 25% tariffs on both Mexico and Canada for one month and more earnings reports were announced, the three major indices finished lower with weekly performances as follows: 

The White House confirmed there will be a 25% tariff on imports from Mexico and Canada, as well as a 10% tariff on imports from China, which may begin on February 4th.

President Donald Trump announced Stargate, an artificial intelligence joint venture between OpenAI, Oracle (ORCL), and SoftBank that could see the investment worth up to $500 billion over the next four years.

The three major indices all recorded solid gains for 2024: DJIA (12.88%), S&P 500 (23.31%), NASDAQ (28.64%).

With two final trading days of the year coming up, here is where the stock market stands. Each of the three major indices currently have double-digit gains for the year: DJIA (14.07%), S&P 500 (25.18%), NASDAQ (31.38%).

The Federal Open Market Committee (FOMC) lowered interest rates by 25 basis points, as expected, to a new range of 4.25% to 4.50%. It was the third consecutive rate cut in what was the final FOMC meeting for the year.

Both the DJIA (-1.82%) and the S&P 500 (-0.64%) finished lower for the week while tech-heavy NASDAQ gained 0.34%. NASDAQ extended its streak of gains to four weeks, while the S&P 500 saw its winning streak end at three weeks. 

The ADP employment change fell below expectations (163,000) as it decreased to 146,000 from the downwardly revised 184,000 (from 233,000). The unemployment rate matched expectations as it increased to 4.2% from 4.1%.

All three major indices finished November higher with performances as follows: DJIA (7.54%), S&P 500 (5.73%), NASDAQ (6.21%).

The stock market rebounded with weekly gains for all three major indices: DJIA (1.96%), S&P 500 (1.68%), NASDAQ (1.73%). Each index is positive for November with a final, shortened week remaining.

The three major indices each finished the week in the red with performances as follows: DJIA (-1.24%), S&P 500 (-2.08%), NASDAQ (-3.15%). All three indices remain positive on the month: DJIA (4.03%), S&P 500 (2.89%), NASDAQ (3.22%).

The day after the election the stock market rallied with the three major indices performances as follows: DJIA (3.57%), S&P 500 (2.53%), NASDAQ (2.95%). Weekly performances were: DJIA (4.61%), S&P 500 (4.66%), NASDAQ (5.74%).

The three major indices finished October in the red: DJIA (-1.34%), S&P 500 (-0.99%), NASDAQ (-0.52%). Each index remains positive year-to-date: DJIA (11.58%), S&P 500 (20.10%), NASDAQ (21.51%).

The six-week winning streak for both the DJIA (-2.68%) and S&P 500 (-0.96%) ended last week while the tech-heavy NASDAQ (0.16%) extended its streak of weekly gains to seven weeks. Year-to-date performances are as follows: DJIA (11.74%), S&P 500 (21.77%), NASDAQ (23.36%).

Stocks continued their winning streak as all three major indices finished the week higher: DJIA (0.96%), S&P 500 (0.85%), NASDAQ (0.80%). 

The inflation rate year-over-year for September landed higher than expectations (2.3%) but decreased to 2.4% from 2.5%, making it the sixth straight monthly decline and the lowest reading since February 2021 (1.7%).

This week, the read for the inflation rate year-over-year for September is expected to decrease to 2.3% from 2.5%, which was the fifth straight monthly decline and the lowest reading since February 2021 (1.7%).

The three major indices continued to make gains as the weekly performances were as follows: DJIA (0.59%), S&P 500 (0.62%), NASDAQ (0.95%).

The Federal Open Market Committee (FOMC) reduced interest rates by 50-basis points to a range of 4.75% to 5.00%. It is the first rate cut in more than four years and comes after the Fed kept rates unchanged after the previous eight meetings.

On Wednesday, the Federal Open Market Committee is widely expected to reduce interest rates from the current range of 5.25% to 5.50%.

All three indices finished lower for the week: DJIA (-2.93%), S&P 500 (-4.25%), NASDAQ (-5.77%). It was the worst performance for the S&P 500 since March 2023.

The three major indices all finished the month of August in positive territory: DJIA (1.76%), S&P 500 (2.28%), NASDAQ (0.65%).

At the annual economic conference in Jackson Hole, Federal Reserve Chairman Jerome Powell said, “The time has come for policy to adjust..."

The inflation rate year-over-year for July beat expectations (3.0%) as it decreased to 2.9% from 3.0%, making it the fourth straight monthly decline and the lowest reading since March 2021 (2.6%). 

On Monday, the DJIA (-2.60%) and S&P 500 (-3.00%) had their biggest daily losses since September 2022. The NASDAQ finished -3.43%. On Thursday, stocks rebounded and the S&P 500 had its best day (2.31%) since November 2022.

The stock market was lower with weekly performances as follows: DJIA (-2.10%), S&P 500 (-2.06%), NASDAQ (-3.35%). Both the S&P 500 and NASDAQ finished in the red for three straight weeks. 

On Wednesday, the S&P 500 (-2.31%) and NASDAQ (-3.64%) had their worst trading sessions since 2022. The DJIA declined -1.25% that day. 

The DJIA (0.72%) extended its winning streak to three consecutive weeks while the S&P 500 (-1.97%) and NASDAQ (-3.65%) were both in the red.

In his semiannual testimony to Congress, Federal Reserve Chairman Jerome Powell appeared to signal the potential for an interest rate cut in the near-term.

The S&P 500 closed above 5,500 for the first time ever on Tuesday July 2nd during this shortened trading week due to the 4th of July holiday. The stock market finished higher, rebounding from the previous down week. Performances were as follows:

The Federal Reserve said all 31 banks in its annual stress test were able to withstand a severe recession scenario and continue lending to households and businesses.

The S&P 500 landed in positive territory for eight of the past nine weeks while NASDAQ ended the week flat and has only had one negative week in the past nine weeks.

The stock market finished higher, rebounding from the previous down week. Performances were as follows:

All three major indices finished higher in May, rebounding from the down month of April. 

NASDAQ closed at a new record high on Friday, propelled by gains made by Nvidia during the week.

The winning streaks continue for the three major indices and the DJIA surpassed 40,000 for the first time ever on Thursday and closed above that level for the first time ever on Friday.

The S&P 500 (up 1.85%) and NASDAQ (up 1.14%) both recorded three straight positive weeks while the DJIA (up 2.16%) extended its winning streak to four consecutive weeks in the green.

The Federal Reserve kept interest rates at 5.25% to 5.50%, as expected. It is the sixth consecutive meeting in which rates were left unchanged, dating back to July 2023.

As of April 26, 46% of S&P 500 companies have reported earnings with 77% having a positive EPS surprise and 60% having a positive revenue surprise, according to FactSet.

At a policy forum, Federal Reserve Chairman Jerome Powell spoke about inflation remaining above the Fed’s target saying...

Stocks landed in the red last week with the three major indices performing as follows: DJIA (-2.37%), S&P 500 (-1.56%), NASDAQ (-0.45%). 

Regarding potential interest rate cuts, Federal Reserve Chairman Jerome Powell said...

All three major indices extended their winning streaks to five consecutive months with monthly performances as follows: 

The Federal Open Market Committee (FOMC) kept interest rates unchanged at 5.25% to 5.50% for the fifth straight meeting, the last hike occurring last July.

Stocks were lower again for the week as the three major indices performed as follows: DJIA (-0.02%), S&P 500 (-0.13%), NASDAQ (-0.70%).

In his semiannual testimony to Congress, Federal Reserve Chairman Jerome Powell said, “We’re waiting to become more confident that inflation is moving sustainably at 2%...

The S&P 500 and NASDAQ notched back-to-back weekly gains with the tech-heavy NASDAQ achieving a new all-time high, surpassing its previous high in 2021. 

The DJIA, S&P 500, and NASDAQ each saw their winning streaks end at five weeks after last Tuesday's session saw all three indices decline more than 1%.

The S&P 500 closed above the 5,000 level for the first time ever. 

The Federal Open Market Committee (FOMC) kept interest rates unchanged at 5.25% to 5.50% for the fourth straight time.

The S&P 500 continues its strong streak of gains, now positive for three straight weeks and green in 12 of the past 13 weeks. 

The S&P 500 closed at an all-time high of 4,839.81 where the technology sector led the way with a weekly gain of more than 4%. 

The year ended on a high note with all three major indices extending their winning streaks to nine straight weeks and earning gains in back-to-back months...

The three major indices saw their respective nine-week winning streaks end to kick off the new year with weekly performances as follows...

The year ended on a high note with all three major indices extending their winning streaks to nine straight weeks and earning gains in back-to-back months...

The three major indices extended their winning streaks to eight consecutive weeks with last week’s performances as follows:

The Federal Open Market Committee (FOMC) voted unanimously to keep interest rates at 5.25% to 5.50%...

The stock market extended its winning streak to six straight weeks as the DJIA, S&P 500, and NASDAQ all landed in positive territory...

Stocks continued to rally as the three major indices extended their winning streaks to five consecutive weeks in the green...