Financial Markets & EconomyWeekly Capital Market Updates

EWM Weekly Capital Market Highlights for Week Ending 10/25/2019

By October 29, 2019 No Comments
  • US equities traded higher last week, with small caps up roughly 1.70% and large caps up 1.30%. The S&P 500 Index traded above its all-time closing high early in Friday’s trading. The emerging markets had a strong week as well, up more than 1.30%.
  • The yield on the 10-year US Treasury Note traded in a relatively narrow range this week. It reached a peak of 1.81% early Monday and a low of 1.74% on Wednesday before finishing the week at the upper end of the range.
  • The US dollar traded higher all week against a basket of currencies, reversing a downward trend that had been in place since late September.
  • Gold traded mostly sideways for the first part of the week before a rally on Thursday and Friday pushed prices up more than 1%. The precious metal has traded right around the $1,500 level since early August, after rallying roughly 15% from late-May levels.
  • Oil prices rallied more than $3 per barrel this week after the Energy Information Administration reported a surprise drop in US oil and oil product inventories on Wednesday. Prices have been rising slowly all month after falling from a three-month high in mid-September.

Click here to download the complete weekly report: EWMWeeklyReview 10.28.19

Disclosure: Past performance is not necessarily indicative of future results.