Weekly Market Recap – May 23, 2022
The Markets (as of May 20, 2022) In another volatile week of trading, stocks fell for the seventh consecutive week. A late-day surge last Friday kept the S&P 500 out of bear territory, but not enough to keep it out of the red for the week. Disappointing earnings and declining profits from some major retailers […]
Market Outlook Webinar
Investments, including the investments of the Ethical Wrap Program, are not FDIC insured, so you may lose money. For more information please read the firm’s ADV Part 2 and wrap brochure. Please also see Azzad’s Form CRS Relationship Summary. These documents contain more information about the program’s objectives, risks, fees, and performance. Past performance cannot […]
Weekly Market Recap – May 16, 2022
The Markets (as of May 13, 2022) Despite a late-week rally, stocks closed last week lower, extending the market’s streak of losses to six consecutive weeks. In what proved to be a very choppy week of trading, each of the benchmark indexes lost value, led by the Nasdaq, which is down over 24.0% so far […]
Weekly Market Recap – May 9, 2022
The Markets (as of market close May 6, 2022) Stocks ended last week lower, marking the fifth consecutive week of losses. Despite suggestions from Federal Reserve Chair Jerome Powell that the central bank is not likely to raise interest rates by 75 basis points, stubbornly high inflation has set the Fed on a path of […]
How to prepare for a recession
The news that U.S. gross domestic product (GDP) shrank at an annual rate of 1.4% in the first quarter of 2022 has raised recession alarm bells. A recession is defined as a decline in GDP over two successive quarters. Although our portfolio managers concur that the probability of a recession has increased from six months […]
High Inflation: How Long Will It Last?
In March 2022, the Consumer Price Index for All Urban Consumers (CPI-U), the most common measure of inflation, rose at an annual rate of 8.5%, the highest level since December 1981.1 It’s not surprising that a Gallup poll at the end of March found that one out of six Americans considers inflation to be the most […]
Smoothing market ups and downs
After the wild ride of 2020, the U.S. stock market was relatively calm in 2021, but there was still plenty of volatility. There were 55 days when the S&P 500 index — generally considered representative of U.S. stocks — closed with a rise or fall of 1% or more from the previous day’s closing price. […]
Weekly Market Recap – April 25, 2022
The Markets (as of market close April 22, 2022) Wall Street closed lower last week as investors weighed mixed earnings data against increased certainty of aggressive interest rate hikes by the Federal Reserve. It was the third straight week of losses for the S&P 500 and the Nasdaq, while the Dow declined for the fourth […]
Azzad Asset Management clients to donate more than $11 million in Ramadan
FALLS CHURCH, Va., April 21, 2022 — Azzad Asset Management, a socially responsible, faith-based registered investment advisor, announced today it has calculated that the firm’s Muslim clients are to give away more than $11 million in zakah-related charity. Zakah–sometimes spelled zakat–is an obligation that practicing Muslims pay on assets held for a full lunar year, including investments. […]
Weekly Market Recap – April 11, 2022
The Markets (as of market close April 8, 2022) Stocks lost value last week as each of the major benchmark indexes finished lower. The Nasdaq and the Russell 2000 were hit the hardest, followed by the Global Dow, the S&P 500, and the Dow. Ten-year Treasury yields jumped 34 basis points as bond prices slid […]
