Weekly Economic Update January 10, 2022
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Weekly Economic Update January 10, 2022

In this week’s recap: Hawkish Fed sees bonds higher and stocks retreat. THE WEEK ON WALL STREET A jump in yields sparked by a more aggressive sounding Federal Reserve sent the market lower to start the new year.   The Dow Jones Industrial Average fell 0.29%, while the Standard & Poor’s 500 declined 1.87%. The Nasdaq Composite index was…

Weekly Economic Update January 3, 2022
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Weekly Economic Update January 3, 2022

In this week’s recap: Despite Omicron concerns, stocks end year mostly positive, with strong holiday sales figures. THE WEEK ON WALL STREET Stocks closed out the year on a mostly positive note, adding to the year’s gains as concerns about the economic issues of Omicron infections receded.   The Dow Jones Industrial Average rose 1.08%, while the Standard &…

Weekly Economic Update December 20, 2021
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Weekly Economic Update December 20, 2021

In this week’s recap: Fed tightens money policy. THE WEEK ON WALL STREET Stock prices retreated last week as global central banks joined the Federal Reserve in taking steps to tighten monetary policy. The Dow Jones Industrial Average fell 1.68%, while the Standard & Poor’s 500 dropped 1.94%. The Nasdaq Composite index tumbled 2.95% for the week. The…

Weekly Economic Update December 13, 2021
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Weekly Economic Update December 13, 2021

In this week’s recap: Milder Omicron news boosts stocks. THE WEEK ON WALL STREET A more benign reassessment of the possible economic risk posed by Omicron sent stocks sharply higher last week. The Dow Jones Industrial Average picked up 4.02%, while the Standard & Poor’s 500 advanced 3.82%. The Nasdaq Composite index gained 3.61% for the week. The…

Weekly Economic Update December 6, 2021
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Weekly Economic Update December 6, 2021

In this week’s recap: Market copes with unpleasant news; Powell surprises, Omicron concerns, and a less than stellar jobs report disappoints. THE WEEK ON WALL STREET Stocks took investors on a wild ride last week as the Omicron variant and Fed comments upended market expectations. The Dow Jones Industrial Average fell 0.91%, while the Standard & Poor’s 500…

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…