Market Update 8/30/24

Market Update 8/30/24

A profitable month of August ends with stocks mixed. Eight of the eleven S&P SPDR sectors were higher last week. Financials (XLF) and Industrials (XLI) were the best sectors, while Consumer Discretionary and Technology (XLY) were the weakest. The SPDR S&P 500 ETF Trust (SPY) gained +0.28%.

S&P SPDR Sector ETFs Performance Summary 08/23/24 – 08/30/24

083024 SPDR Sectors

Source: Stockcharts.com

Figure 2: Bonnie’s ETFs Watch List Performance Summary 08/23/24 – 08/30/24

083024 Bonnie’s ETF Watch

Source: Stockcharts.com

The S&P 500 eked out a gain last week as Emerging Markets, technology, and Semiconductors weakened. Small Caps, both Growth and Value, did not follow through, having come to life the previous week.

Figure 3:YTD: Performance Summary Market Indices – 08/30/24

YTD Performance Jan through Aug 30, 2024

Source: Schwab

The averages finished mixed for the week before the holiday weekend, with the Dow and S&P 500 moving higher while the Nasdaq was down.

For further charting insights, you can explore Bonnie’s market charts.

You can view the Charts HERE.

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 To your wealth and well-being,

Bonnie

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Bonnie S. Gortler
Bonnie Gortler, a Consultant, Coach, and Author, is a Wealth & Well-Being expert with over 35 years of experience in managing multi-million-dollar client portfolios at a top-rated investment firm. As the author of Journey to Wealth, Bonnie is dedicated to teaching the importance of risk management and achieving true financial well-being by integrating both the technical and mental aspects of investing. With an M.B.A. and certification as a life coach, Bonnie combines her passion for coaching, consulting, and blogging to inspire people globally. Her powerful techniques and winning mindset help others experience personal growth and financial success. Explore wealth-building tips, personal development strategies, and more at BonnieGortler.com, and discover how you can enhance your wealth and well-being.  


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