Vernick Financial

05/18/2026

Last week's markets:
S&P 500: +0.13% | Nasdaq: -0.08% | Dow: -0.17%
The week started strong. The S&P 500 broke above 7,400 for the first time and the Nasdaq hit a new high as chip stocks rallied.
Tuesday brought hotter than expected inflation numbers, pulling markets lower before recovering somewhat by close.
Wednesday and Thursday saw both the S&P and Nasdaq hit new records. Strong earnings from a major tech company and chip stock strength pushed the S&P above 7,500 and the Dow back over 50,000.
Friday reversed course as a three-day U.S.-China summit wrapped up without major breakthroughs on Middle East peace talks.

05/04/2026

Last week's markets:
S&P 500: +0.91% | Nasdaq: +1.12% | Dow: +0.55%
The week started slow as peace talks stalled and oil prices climbed.
Midweek changed everything. The Fed held rates steady as expected, then several big companies reported strong first quarter earnings after the closing bell Wednesday.
Stocks rallied and April ended as the best month in 5 years for the S&P 500 and Nasdaq.
Friday brought more good news. Oil prices dropped and another major tech company beat expectations, pushing the S&P to a new intraday high.

04/29/2026

Vernick Financial is excited to be sponsoring the 7th annual Florida Fiduciary Conference and the launch of the Professional Fiduciary Academy tomorrow. Mark will be in attendance— say hi if you’re around!

As we approach our Seventh Annual Florida Fiduciary Conference and Inaugural Professional Fiduciary Academy, we would like to extend another thank-you to our generous sponsors who help make these events possible.

We look forward to seeing you next week! Haven't registered yet? There's still time! Secure your spot here 👉 https://www.professionalfiduciarycouncil.org/2026-Florida-Fiduciary-Conference-&-Professional-Fiduciary-Academy

04/27/2026

Last week's markets:

S&P 500: +0.55% | Nasdaq: +1.50% | Dow: -0.44%

The week started rough as Middle East tensions heated up. Things stayed shaky through Tuesday with everyone watching the ceasefire deadline Wednesday.
Wednesday turned things around. The ceasefire got extended and companies reported better earnings than expected. Stocks rallied, with the S&P 500 and Nasdaq hitting record highs even as oil prices crossed $100 a barrel. Tech stocks bounced back and investors seemed less worried about the overseas conflict.

04/06/2026

Did you know that we serve clients all over the country? We are excited to be a Silver Sponsor of this years NCGA conference next week. North Carolina Guardianship Association

04/02/2026

03/16/2026

Last week, stocks dipped for the third week as investors monitored Middle East developments and oil markets.
S&P 500: -1.60% | Nasdaq: -1.26% | Dow: -1.99%
Maritime traffic slowed through the Strait of Hormuz, lifting oil prices. Markets found some stability after the White House indicated the conflict could resolve sooner than expected.
Midweek brought steadier trading. Talk of coordinated oil reserve releases and flat inflation data helped ease concerns.
Oil prices climbed to record highs late week, and Q4 GDP was revised down, keeping investors cautious.

03/11/2026

In wealth management, the game is won by those who keep it. The people who build real wealth aren't always the highest earners. They're the ones who are thoughtful, strategic, and disciplined about protecting what they make.

03/09/2026

Last Week's Market Snapshot
📉Stocks pulled back as investors worked through Middle East tensions and mixed jobs data.
S&P 500: -2.02% | Nasdaq: -1.24% | Dow: -3.05%
Monday started lower on Middle East news, but markets recovered by close as buyers stepped in.
Wednesday brought relief. Tech bounced back, oil prices settled, and private hiring data looked solid.
Friday shifted the mood. The jobs report showed an unexpected loss of 92,000 jobs, and some Middle East oil fields began cutting production.

02/09/2026

Last week was bumpy with strong gains Monday and Friday sandwiching midweek selling.

S&P 500: -0.10% | Nasdaq: -1.84% | Dow: +2.50%

What happened:
Markets started strong but turned south Tuesday as investors rotated out of tech and into cyclical stocks. Slower private-sector job growth added to the anxiety. The S&P 500 briefly went negative for the year.
Friday changed everything. Buyers jumped back in, pushing the Dow above 50,000 for the first time. Consumer sentiment hit a six-month high, lifting the mood.
Bottom line: Tech struggled, but the Dow surged. The S&P ended flat after a wild ride.