
Market Review: 09-25-20
For the Week Ending September 25, 2020
By: Steven Doll, Portfolio Strategist
Another up and down week in the stock market with markets around the world closing lower amid a resurgence of coronavirus cases in Europe. Consequently, international markets suffered larger losses with developed markets down roughly 3.1% and emerging markets 3.5%, while U.S. large-cap stocks were down just 1.3%.
Interest rates also moved lower on the coronavirus news as the 10-year treasury yield dropped from 0.70% to 0.66%. However, the total U.S. bond market was little changed.
The fall in interest rates and a strengthening U.S. dollar also has the price of gold to continue its trend lower with a near 5.5% drop on the week, and is now down over 10% from its high in early August.
The price of crude oil moved nearly 1.7% lower despite some signs of tighter supply as renewed concerns about the coronavirus weaken the demand for the finite energy source.
Year-to Date Return (as of 09/25/2020)
