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Weekly Financial Update - February 22, 2019.

Christopher LaPorta

February 25, 2019


The major U.S. stock indexes recorded modest gains last week led by the Nasdaq Composite’s 0.7% advance. The utilities, materials and technology sectors were the three top performing S&P 500 groups, while the healthcare and energy sectors were the worst weekly performers. Asian equity markets were top global performers this week, as positive comments from U.S. and Chinese trade negotiators helped propel weekly gains of 5.4% in the Shanghai composite and a 2.5% advance in the Japanese Nikkei. In fixed income markets, yields on the benchmark U.S. 10-year Treasury note traded in a range between 2.62% and 2.69%, while U.S. crude oil prices advanced nearly 3% to push above $57 per barrel in afternoon trading on Friday.

Learn more about the minutes from Federal Open Market Committee January meeting and quarterly results from fifty-one S&P 500 stocks in our Weekly Financial Update