Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

3rd Quarter | 2020

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

As pointed out in last week’s Market Update, Thanksgiving week is normally very bullish for the markets. The shortened holiday week followed history in a big way. Each index was up over 2%, and for the first time, the Dow Jones Industrial Average crossed above 30,000!

The major stock market indexes finished mixed last week. The Dow Jones Industrial Average lost 0.7%, the S&P 500 Index fell 0.8%, the NASDAQ Composite rose 0.2%, and the Russell 2000 small-capitalization index rose 2.4%. The 10-year Treasury bond yield fell 7 basis points, and bond prices were up slightly. Last week, spot gold closed at $1,870.99, down $18.21 per ounce, or 0.96%.

The major stock market indexes were mostly up this week, responding to positive news about the development of a COVID-19 vaccine.

Market Update 11/9/20

As Election Day turned into election week, the major indexes rallied, experiencing weekly gains not seen since April. The NASDAQ Composite surged 9.0%, the S&P 500 gained 7.3%, the Dow Jones Industrial Average was up 6.9%, and the Russell 2000 small-capitalization index increased 6.9%. The 10-year Treasury bond yield fell 5 basis points to 0.82%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,951.35, up 3.86%.

The major stock market indexes finished to the downside last week. The Dow Jones Industrial Average lost 6.5%, the S&P 500 Index fell 5.6%, the NASDAQ Composite slipped 5.5%, and the Russell 2000 small-capitalization index lost ground at a 6.2% rate. The 10-year Treasury bond yield rose 3 basis points, causing Treasury bonds generally to fall. Last week, spot gold closed lower at $1,878.81, down $23.24 per ounce, or 1.2%.