Client Satisfaction

651.292.1119 scott@ramsaycapitalgroup.com

Weekly Market Insights: Stocks Mixed Ahead of Election

Stocks were mixed last week as fresh economic data points and election-related uncertainty slowed market momentum.

The Standard & Poor’s 500 Index fell 0.96 percent, while the Nasdaq Composite Index rose 0.16 percent. The Dow Jones Industrial Average dropped 2.68 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, slid 2.30 percent.^1,2

Nasdaq Leads

Stocks were mixed for the first half of the week as investors geared up for a steady stream of Q3 reports. The 10-year Treasury yield continued to trend higher, which caught the attention of some traders.

Markets fell Wednesday morning with news that existing home sales fell to a 14-year low in October; still slowed by higher interest rates, sales are on track for their worst year since 1995. Also, pre-election jitters remained an undertow with traders.^3,4,5

News that durable goods orders rose in September buoyed sentiment a bit. At Friday’s close, the Nasdaq, fueled by technology names, marked its seventh consecutive week of gains but the S&P 500 broke its 6-week winning streak.^6,7

Footnotes and Sources

^{The Wall Street Journal, October 25, 2024}
^{Investing.com, October 25, 2024}
^{MarketWatch.com, October 23, 2024}
^{The Wall Street Journal, October 23, 2024}
^{The Wall Street Journal, October 23, 2024}
^{ABA Banking Journal, October 25, 2024}
^{CNBC.com, October 25, 2024}

Securities and advisory services offered through J.W. Cole Financial, member FINRA, SIPC and a Registered Investment Advisor. J.W. Cole Financial and Ramsay Capital Group, Ltd. are separate and unrelated companies.

Advisors must be properly registered in the state where you live in order to conduct securities related business with you. A response to your request for information might be delayed in order to assure our compliance with this regulation. No information provided on this site is intended as a solicitation to buy or sell any security. No security will be offered or sold to any person, in any state in which such offer, solicitation, purchase, or sale would be unlawful under securities laws of such jurisdictions.
www.sipc.org
www.finra.org

IMPORTANT CONSUMER INFORMATION
This site is for informational purposes only and is not intended to be a solicitation or
offering of any security and:
Ø Representatives of a Registered Broker-Dealer (“BD”) or Registered Investment
Advisor (“IA”) may only conduct business in a state if the representatives and
the BD or IA they represent (a) satisfy the qualification requirements of, and are
approved to do business by, that state; or (b) are excluded or exempted from
that state’s registration requirements.
Ø Representatives of a BD or IA are deemed to conduct business in a state to the
extent that they would provide individualized responses to investor inquiries
that involve (a) effecting, or attempting to effect, transactions in securities; or (b)
rendering personalized investment advice for compensation.
We are registered to offer securities in the following states: AZ, CA, FL, IA, IL, MN, MS, NC, TX, WA, WI