Weekly Economic Update November 29, 2021
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Weekly Economic Update November 29, 2021

In this week’s recap: COVID-19 variant clobbers markets.. THE WEEK ON WALL STREET News of a new, highly virulent COVID variant triggered a market sell-off on Friday, sending stocks into negative territory for the week. The Dow Jones Industrial Average slid 1.97%, while the Standard & Poor’s 500 slumped 2.20%. The Nasdaq Composite index lost 3.52% for the…

Weekly Economic Update November 15, 2021
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Weekly Economic Update November 15, 2021

In this week’s recap: Stocks tap the brakes after signs of higher inflation. THE WEEK ON WALL STREET Stocks posted small declines last week as investors digested recent stock market gains and an unexpectedly high inflation read. The Dow Jones Industrial Average slid 0.63%, while the Standard & Poor’s 500 retreated 0.31%. The Nasdaq Composite index slipped 0.69%…

Weekly Economic Update November 8, 2021
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Weekly Economic Update November 8, 2021

In this week’s recap: Tapering news, profits, and other encouraging data lifts stocks. THE WEEK ON WALL STREET A Federal Reserve announcement on tapering, a fresh batch of corporate profits, and encouraging economic data lifted stocks to another weekly gain. The Dow Jones Industrial Average rose 1.42%, while the Standard & Poor’s 500 advanced 2.00%. The Nasdaq Composite…

Weekly Economic Update November 1, 2021
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Weekly Economic Update November 1, 2021

In this week’s recap: Earnings build while GDP slows. THE WEEK ON WALL STREET A fresh wave of positive corporate earnings surprises sent markets to new record highs last week. The Dow Jones Industrial Average increased 0.40%, while the Standard & Poor’s 500 rose 1.33%. The Nasdaq Composite index picked up 2.71% for the week. The MSCI EAFE…

Weekly Economic Update October 25, 2021
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Weekly Economic Update October 25, 2021

In this week’s recap: Strong week on Wall Street, despite concerns with inflation, supply chain, and other matters THE WEEK ON WALL STREET Stocks rallied last week on a stream of positive corporate earnings surprises. The Dow Jones Industrial Average rose 1.08%, while the Standard & Poor’s 500 advanced 1.64%. The Nasdaq Composite index gained 1.29% for the…

Weekly Economic Update October 18, 2021
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Weekly Economic Update October 18, 2021

In this week’s recap: The Fed unveils tapering plans; investor optimism rises. THE WEEK ON WALL STREET A strong opening to the third-quarter earnings season sparked a late week, broad-based rally that helped stocks finish the week with solid gains. The Dow Jones Industrial Average rose 1.58%, while the Standard & Poor’s 500 added 1.82%. The Nasdaq Composite…

Weekly Economic Update October 11, 2021
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Weekly Economic Update October 11, 2021

In this week’s recap: Debt ceiling raised until December; employment numbers paint confusing picture. THE WEEK ON WALL STREET The overhang of bumping against the federal debt ceiling was lifted last week with an agreement to extend the debt ceiling through early December, helping propel stocks to a weekly gain. The Dow Jones Industrial Average increased by 1.22%,…

Weekly Economic Update October 4, 2021
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Weekly Economic Update October 4, 2021

In this week’s recap: Stalemate in the Capitol; Powell says inflation may stay longer than expected. THE WEEK ON WALL STREET Higher bond yields and a legislative stalemate in Washington, D.C., added up to losses for the week. The Dow Jones Industrial Average declined 1.36%, while the Standard & Poor’s 500 lost 2.21%. The Nasdaq Composite index fell…

Weekly Economic Update September 27, 2021
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Weekly Economic Update September 27, 2021

In this week’s recap: Financial contagion concerns and a positive word from the Fed bookend a wild week. THE WEEK ON WALL STREET Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement. The Dow Jones Industrial Average gained 0.62%, while the Standard & Poor’s 500…

Weekly Economic Update September 20, 2021
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Weekly Economic Update September 20, 2021

In this week’s recap: Despite signs of a good economy, stocks have a lackluster week. THE WEEK ON WALL STREET Stocks weakened ahead of this week’s Federal Reserve meeting and amid persistent concerns about the Delta variant’s impact on the economy. The Dow Jones Industrial Average was flat (-0.07%), while the Standard & Poor’s 500 fell 0.57%. The…