Weekly Economic Update November 21, 2022
|

Weekly Economic Update November 21, 2022

In this week’s recap: Markets down ahead of Thanksgiving holiday. THE WEEK ON WALL STREET The stock market edged lower last week as it digested a crosscurrent of conflicting economic data and contrasting comments from Fed officials. The Dow Jones Industrial Average was flat (-0.01%), while the Standard & Poor’s 500 declined by 0.69%. The Nasdaq Composite…

Weekly Economic Update November 14, 2022
|

Weekly Economic Update November 14, 2022

In this week’s recap: Cooling inflation brings market gains. THE WEEK ON WALL STREET A cooling inflation number ignited a powerful rally on Thursday, sending stocks to strong gains for the week. The Dow Jones Industrial Average gained 4.15%, while the Standard & Poor’s 500 added 5.90%. The Nasdaq Composite index rose 8.10% for the week. The…

Weekly Economic Update November 7, 2022
|

Weekly Economic Update November 7, 2022

In this week’s recap: Stocks slip after Powell comments. THE WEEK ON WALL STREET Hawkish comments by Fed Chair Jerome Powell, following the announcement of another 75 basis points interest rate hike last week, cast a pall over financial markets, sending yields higher and stocks lower. The Dow Jones Industrial Average slipped 1.40%, while the Standard &…

Weekly Economic Update October 31, 2022
|

Weekly Economic Update October 31, 2022

In this week’s recap: Plenty of treats for Wall Street this week. THE WEEK ON WALL STREET Stocks overcame poor earnings results from some of America’s largest companies to post gains last week as investors cheered positive earnings surprises, easing inflation and a rebound in economic growth. The Dow Jones Industrial Average rose 5.72%, while the Standard…

Weekly Economic Update October 24, 2022
|

Weekly Economic Update October 24, 2022

In this week’s recap: Wall Street flips the script, enjoys a rally. THE WEEK ON WALL STREET A positive start to a new earnings season and late-week hopes for a near-term easing in Fed rate hikes lifted investors’ spirits and powered stocks to gains for the week. The Dow Jones Industrial Average jumped 4.89%, while the Standard…

Weekly Economic Update October 17, 2022
|

Weekly Economic Update October 17, 2022

In this week’s recap: Volatility reigns; inflation remains unchecked. THE WEEK ON WALL STREET Stocks were mixed last week amid wide intra- and inter-day price swings, as technology shares bore the brunt of the downdraft. The Dow Jones Industrial Average gained 1.15% for the week. Meanwhile, the Standard & Poor’s 500 slipped 1.55%, and the Nasdaq Composite…

Weekly Economic Update October 10, 2022
|

Weekly Economic Update October 10, 2022

In this week’s recap: Boost early in week keeps markets ahead. THE WEEK ON WALL STREET A powerful two-day stock rebound cemented a positive week for investors as a new trading month began. The Dow Jones Industrial Average rose 1.99%, while the Standard & Poor’s 500 added 1.51%. The Nasdaq Composite index increased 0.73% for the week….

Weekly Economic Update October 3, 2022
|

Weekly Economic Update October 3, 2022

In this week’s recap: U.S. and U.K. see financial turbulence. THE WEEK ON WALL STREET Rising recession fears and uncertainty in the bond and currency markets sent stocks to new 2022 lows last week. The Dow Jones Industrial Average declined 2.92%, while the Standard & Poor’s 500 slumped 2.91%. The Nasdaq Composite index fell 2.69%. The MSCI…

Weekly Economic Update September 26, 2022
|

Weekly Economic Update September 26, 2022

In this week’s recap: Fallout from Powell comments continues. THE WEEK ON WALL STREET Last week, Fed Chair Powell said the U.S. would not tame inflation without economic pain. This week heightened recession fears and sent stocks broadly lower. The Dow Jones Industrial Average dropped 4.00%, while the Standard & Poor’s 500 lost 4.65%. The Nasdaq Composite…

Weekly Economic Update September 19, 2022
|

Weekly Economic Update September 19, 2022

In this week’s recap: White hot inflation report alarms investors. THE WEEK ON WALL STREET A hotter-than-expected inflation report sent stocks sharply lower last week as investors faced the prospect of more aggressive interest rate hikes by the Federal Reserve for perhaps a longer period. The Dow Jones Industrial Average fell 4.13%, while the Standard & Poor’s…