Archive For: Weekly Market Updates

US Equity Markets Continue to Surge, Setting Fresh Highs

U.S. markets closed in positive territory for the fifth consecutive week, with all broad market equity indices experiencing gains. Financials shined as stocks in this group outperformed other sectors, with energy and materials coming in closely behind. Earnings season continues to be a boon and has seen a majority of equities beat expectations, helping push ... Read More

A Rate Cut, Employment Surprise, and Market Rally

U.S. markets finished positive for the fourth consecutive week as stocks continued to rally. Healthcare shined as it considerably outperformed other sectors after industry power players Merck and Pfizer beat earnings expectations. Earnings season has seen a majority of equities beat expectations, helping push shares upward. Elsewhere in the U.S., the Fed cut rates on ... Read More

Stronger Than Expected Start To Earnings Season Supports Markets

US stocks closed the week mostly higher following better than expected bank earnings and Brexit optimism. A bulk of the gains came on Tuesday as Q3 earnings season kicked off. While analysts expected grim results, big banks such as JP Morgan Chase and Bank of America beat expectations, sending shares and broad markets higher. Strong ... Read More

Partial Trade Deal Boosts Global Markets

Global markets ended the week on a positive note thanks to renewed trade progress optimism. Just before US markets closed on Friday, it was announced US and Chinese negotiators had reached a partial trade deal. In “phase one” of the deal, the US will suspend upcoming tariff increases originally set for October 15 in return ... Read More

Weak Manufacturing Data Worries Investors

Stocks fell for the third consecutive week as economic slowdown concerns worried investors. On Tuesday, the ISM Manufacturing Index fell further into contraction territory with a reading of 47.8, its lowest level since 2009. This was the sixth straight monthly decline for the Index as weakening global growth and uncertainties surrounding trade tensions have created ... Read More

How Female Physicians Can Counteract the Gender Pay Gap

Each year, national reports on physician compensation confirm the persistence of the gender pay gap in medicine. Across all regions and within virtually every specialty, female physicians continue to earn less than their male counterparts. According the 2018 Medscape Physician Compensation report, male doctors netted nearly 18% more income than female doctors. For specialists, the ... Read More

Fed Cuts Rates for Second Time in 2019

For the second time in 2019, the Fed cut its benchmark rate by 0.25% to a range of 1.75% – 2.00%. This was the expected move as the Fed hopes lower rates will help prolong the current economic expansion in the face of ongoing trade tensions and slowing global growth. Chairman Jerome Powell stuck closely ... Read More