Weekly Economic Update October 3, 2022
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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
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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
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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…

Weekly Economic Update September 12, 2022
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Weekly Economic Update September 12, 2022

In this week’s recap: Markets upbeat, despite gloomy inflation talk. THE WEEK ON WALL STREET In a holiday-shortened week of trading, stocks posted healthy gains despite more tough talk on monetary policy from Fed officials. The Dow Jones Industrial Average rose 2.66%, while the Standard & Poor’s 500 gained 3.65%. The Nasdaq Composite index picked up 4.14%…

Weekly Economic Update September 5, 2022
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Weekly Economic Update September 5, 2022

In this week’s recap: Markets sag, job numbers soar. THE WEEK ON WALL STREET The overhang of Fed Chair Powell’s Jackson Hole speech the previous week carried over into last week as investors recalibrated stock valuations amid a seemingly more assertive monetary policy stance. The Dow Jones Industrial Average fell 2.99%, while the Standard & Poor’s 500…

Weekly Economic Update August 29, 2022
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Weekly Economic Update August 29, 2022

In this week’s recap: Powell comments spur sell-off on Wall Street. THE WEEK ON WALL STREET A comprehensive sell-off on Friday following comments by Fed Chair Jerome Powell drove stocks to losses for the week. The Dow Jones Industrial Average tumbled 4.22%, while the Standard & Poor’s 500 dropped 4.04%. The Nasdaq Composite index fell 4.44% for…

Weekly Economic Update August 15, 2022
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Weekly Economic Update August 15, 2022

In this week’s recap: Stocks have a warmer week as inflation cools. THE WEEK ON WALL STREET An improving inflation outlook buoyed investors’ spirits last week, helping lift stocks to solid gains. The Dow Jones Industrial Average advanced 2.92%, while the Standard & Poor’s 500 rose 3.26%. The Nasdaq Composite index added 3.08% for the week. The…

Weekly Economic Update August 8, 2022
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Weekly Economic Update August 8, 2022

In this week’s recap: Mixed week for markets; jobs on the rise. THE WEEK ON WALL STREET Stocks turned in a mixed performance last week as investors struggled with headlines suggesting that the Fed was unlikely to soon ease up on its current monetary tightening policy. The Dow Jones Industrial Average slipped 0.13%, while the Standard &…

Weekly Economic Update August 1, 2022
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Weekly Economic Update August 1, 2022

In this week’s recap: Markets rally; earnings better than expected. THE WEEK ON WALL STREET Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings. The Dow Jones Industrial Average increased 2.97%, while the Standard & Poor’s 500 picked up 4.26%. The Nasdaq Composite index…

Weekly Economic Update July 25, 2022
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Weekly Economic Update July 25, 2022

In this week’s recap: Markets react to dim forecast, 2Q reports. THE WEEK ON WALL STREET Stocks rallied last week as investor spirits lifted thanks to a better-than-expected start to the second-quarter earnings season. The Dow Jones Industrial Average gained 1.95%, while the Standard & Poor’s 500 added 2.55%. The Nasdaq Composite index jumped 3.33% for the…