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April 22, 2024 Stocks Turn Sloppy and Are Likely to Continue to Consolidate/Correct Stocks were on a roller coaster most of the week (S&P 500 -3.1%, Dow Jones +0% and NASDAQ -5.5%). Dominating the discussion were the geopolitical volatility in the Middle East and hawkish Fed rate conversation. Best performers were utilities (+1.9%) and consumer staples (+1.4%); worst performers were technology (-7.3%) and consumer discretionary (-4.5%).
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About the AuthorROBERT C. DOLL, CFA® Bob joined Crossmark in May 2021 as Chief Investment Officer (CIO), and took on the additional responsibilities of President and Chief Executive Officer in January 2024. He brings his 40 years of industry experience to guide the investment process and serve as portfolio manager for multiple Crossmark large-cap strategies. |
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Crossmark's Chief Investment Officer Bob Doll to Add President and CEO RolesCrossmark Global Investments has hired financial services industry veteran, Bob Doll, as the firm’s new President, CEO and CIO. |
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About Crossmark - Where Investments and Values IntersectCrossmark Global Investments is a faith-based firm that creates and manages values-based investment strategies for financial intermediaries and their clients. Founded over 35 years ago, the firm has a rich history of inspiring and equipping its clients to go further in aligning their investments with their values. Crossmark is based in Houston, Texas. For more information including products, insights, and a special message from our CEO, visit crossmarkglobal.com
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