Weekly Economic Update June 20, 2022
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Weekly Economic Update June 20, 2022

In this week’s recap: Fed rate hike triggers market dip. THE WEEK ON WALL STREET Stocks moved lower last week as recession fears deepened following a Fed hike in interest rates and weak economic data. The Dow Jones Industrial Average fell 4.79%, while the Standard & Poor’s 500 dropped 5.79%. The Nasdaq Composite index slid 4.78% for…

Weekly Economic Update June 13, 2022
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Weekly Economic Update June 13, 2022

In this week’s recap: Stocks dip on inflation report. THE WEEK ON WALL STREET A higher-than-expected inflation report triggered a sell-off on Friday, leaving stocks in the red for the week. The Dow Jones Industrial Average lost 4.58%, while the Standard & Poor’s 500 dropped 5.05%. The Nasdaq Composite index slid 5.60% for the week. The MSCI…

Weekly Economic Update June 6, 2022
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Weekly Economic Update June 6, 2022

In this week’s recap: Stocks slip on mixed economic news. THE WEEK ON WALL STREET In a holiday-shortened week of volatile trading, stocks surrendered some of the previous week’s strong gains. The Dow Jones Industrial Average fell 0.94%, while the Standard & Poor’s 500 declined 1.20%. The Nasdaq Composite index lost 0.98% for the week. The MSCI…

Weekly Economic Update May 30, 2022
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Weekly Economic Update May 30, 2022

In this week’s recap: Confidence in Fed helps spark market rally. THE WEEK ON WALL STREET Stocks posted solid gains for the week, buoyed by the release of Fed meeting minutes and upbeat earnings from mid-size and discount retailers. The Dow Jones Industrial Average jumped 6.24%, while the Standard & Poor’s 500 advanced 6.58%. The Nasdaq Composite…

Weekly Economic Update May 23, 2022
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Weekly Economic Update May 23, 2022

In this week’s recap: Recession concerns rising. THE WEEK ON WALL STREET Recession fears grew last week following weak earnings reports from major retailers, sending stocks lower. The Dow Jones Industrial Average fell 2.90%, while the Standard & Poor’s 500 lost 3.05%. The Nasdaq Composite index dropped 3.82% for the week. The MSCI EAFE index, which tracks…

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…