Weekly Market Recap – May 15, 2023
The Markets (as of market close May 12, 2023) Stocks trended lower last week, with only the Nasdaq able to eke out a gain. Investors remained pensive as they await negotiations on the debt ceiling. With roughly 92% of the S&P 500 companies having reported first-quarter earnings thus far, results appear headed down 2.5% from […]
Weekly Market Recap – May 8, 2023
The Markets (as of market close May 5, 2023) Stocks closed last week generally lower, with only the Nasdaq eking out a minimal gain. A rally last Friday wasn’t enough to recoup losses experienced during the week. Investors had quite a bit to digest over the past week. The Federal Reserve hiked the federal funds […]
Behavioral Finance: Why investors make the decisions they do
“The investor’s chief problem – and even his worst enemy – is likely to be himself.” — Benjamin Graham (1894–1976) Legendary economist and investor Benjamin Graham made his timeless observation decades ago, and yet it reflects our enduring belief: Your own behavioral biases are often the greatest threat to your financial well-being. As investors, we […]
Weekly Market Recap – May 1, 2023
The Markets (as of market close April 28, 2023) Stocks ended the week higher as strong corporate earnings data helped offset worries of another round of interest rate hikes, following the Federal Reserve’s meeting this week. Each of the major benchmark indexes posted weekly gains, with the exception of the Russell 2000. Ten-year Treasury yields […]
Weekly Market Recap – April 24, 2023
The Markets (as of market close April 21, 2023) Stocks were relatively listless last week, with only the Russell 2000 posting a gain of 0.6%. The Nasdaq, the Dow, and the Global Dow fell between 0.2% and 0.4%, while the S&P 500 was nearly flat. Energy stocks were among the worst performing, with crude oil […]
Weekly Market Recap – April 10, 2023
The Markets (as of market close April 7, 2023) Last week, most financial markets closed for Good Friday, although bond markets were open until noon. Stocks ended last week with mixed results, with the Dow and the Global Dow adding value, while the Russell 2000, the Nasdaq, and the S&P 500 fell. Wall Street began […]
Weekly Market Recap – April 3, 2023
Equities closed the week and month higher. Stocks posted gains in four of the five sessions last week, with the Global Dow and the Russell 2000 leading the way. The Nasdaq enjoyed robust weekly returns as it has for most of 2023. Investors’ fears of a banking crisis apparently subsided but not enough to prevent […]
Azzad Asset Management clients to donate approximately $10 million in Ramadan
FALLS CHURCH, Va., April 3, 2023 — Azzad Asset Management announced today that its Muslim clients are expected to donate roughly $10 million during the month of Ramadan. In a statement, the firm said: Charity is essential to the proper practice of Islamic investing, and we hold ourselves to the highest standard when it comes to calculating […]
Weekly Market Recap – March 27, 2023
The Markets (as of market close March 24, 2023) Investors were on edge for most of the week, with concerns about banking, rising interest rates, inflation, and volatile stock and bond markets. Treasury yields dipped to their lowest levels since September. Indicative of the bumpy week of trading, the Russell 2000 gained, then fell to […]
Azzad Wise Capital Fund wins 2023 Lipper Fund Award
Azzad CEO Bashar Qasem receives a 2023 Lipper Fund Award on March 23 in New York.
