Weekly Economic Update May 16 2022
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Weekly Economic Update May 16 2022

In this week’s recap: Inflation takes center stage. THE WEEK ON WALL STREET In a volatile trading week, stocks extended their losses as economic growth and inflation concerns soured investor sentiment. The Dow Jones Industrial Average dropped 2.14%, while the Standard & Poor’s 500 lost 2.41%. The Nasdaq Composite index fell 2.80% for the week. The MSCI…

Weekly Economic Update May 9, 2022
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Weekly Economic Update May 9, 2022

In this week’s recap: Tighter money policy; Market drops. THE WEEK ON WALL STREET With the Fed in focus, the markets experienced wide price swings over the course of last week, as technology companies led the market lower. The Dow Jones Industrial Average slipped 0.24%, while the Standard & Poor’s 500 declined 0.21%. The Nasdaq Composite index…

Weekly Economic Update May 2, 2022
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Weekly Economic Update May 2, 2022

In this week’s recap: Economy slows; Stocks retreat. THE WEEK ON WALL STREET On Friday, a sharp sell-off sent major stock market indices into negative territory for the week, capping a volatile close to April. The Dow Jones Industrial Average declined 2.47%, while the Standard & Poor’s 500 tumbled 3.27%. The Nasdaq Composite index dropped 3.93% for the…

Weekly Economic Update April 25, 2022
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Weekly Economic Update April 25, 2022

In this week’s recap: Powell favors quick movement on rising interest rates. THE WEEK ON WALL STREET Hawkish comments from Fed Chair Jerome Powell overshadowed many largely positive earnings results, sending stocks lower for the week. The Dow Jones Industrial Average declined 1.86%, while the Standard & Poor’s 500 dropped 2.75%. The Nasdaq Composite index fell 3.83% for…

Weekly Economic Update April 18, 2022
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Weekly Economic Update April 18, 2022

In this week’s recap: Earnings season begins. THE WEEK ON WALL STREET Stocks posted losses in a holiday-shortened trading week as the first-quarter earnings season kicked off and investors digested new inflation data.  The Dow Jones Industrial Average declined 0.78%, while the Standard & Poor’s 500 fell 2.13%. The Nasdaq Composite index dropped 2.63% for the week. The…

Weekly Economic Update April 11, 2022
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Weekly Economic Update April 11, 2022

In this week’s recap: The Fed signals more aggressive action on interest rates. THE WEEK ON WALL STREET Stock prices fell last week in response to the Fed’s plan to combat inflation, which staked out a more aggressive stance than investors had anticipated.  The Dow Jones Industrial Average slipped 0.28%, while the Standard & Poor’s 500 fell 1.27%….

Weekly Economic Update April 4, 2022
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Weekly Economic Update April 4, 2022

In this week’s recap: Markets weigh a menu of uncertainty. THE WEEK ON WALL STREET Stocks spent last week digesting the sharp gains of previous weeks as investors assessed a tightening yield curve, the war in Ukraine, and an uncertain outlook for economic growth and inflation.  The Dow Jones Industrial Average slipped 0.12%, while the Standard & Poor’s…

Weekly Economic Update March 28, 2022
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Weekly Economic Update March 28, 2022

In this week’s recap: Confidence grows in resilient economy. THE WEEK ON WALL STREET With growing confidence in the economy’s resilience, stocks posted another week of solid gains. The Dow Jones Industrial Average rose 0.31%, while the Standard & Poor’s 500 advanced 1.79%. The Nasdaq Composite index picked up 1.98% for the week. The MSCI EAFE index, which…

Weekly Economic Update March 21, 2022
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Weekly Economic Update March 21, 2022

In this week’s recap: Stocks rally in the face of a changing landscape. THE WEEK ON WALL STREET With the Fed embarking on a new course of monetary tightening amid continued fighting in Ukraine, stocks staged a powerful, broad-based rally last week.  The Dow Jones Industrial Average jumped 5.49%, while the Standard & Poor’s 500 gained 6.16%. The…

Weekly Economic Update March 14, 2022
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Weekly Economic Update March 14, 2022

In this week’s recap: Ukrainian War impacts global economy. THE WEEK ON WALL STREET Intensifying hostilities in Ukraine continued to unsettle markets, as investors grappled with the war’s impact on the global economies.  The Dow Jones Industrial Average lost 1.99%, while the Standard & Poor’s 500 dropped 2.88%. The Nasdaq Composite index fell 3.53% for the week. The…