Weekly Economic Update August 9, 2021
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Weekly Economic Update August 9, 2021

In this week’s recap: Despite Delta variant fears, stocks rise on strong jobs, strong earnings reports. THE WEEK ON WALL STREET Overcoming jitters about the Delta variant and the reintroduction of mask requirements, stocks climbed higher on strong employment data and a fresh batch of strong corporate earnings. The Dow Jones Industrial Average rose 0.78% while the Standard…

Weekly Economic Update August 2, 2021
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Weekly Economic Update August 2, 2021

In this week’s recap: Stocks open week on big highs, but end with small losses due to Delta concerns and a lower GDP. THE WEEK ON WALL STREET The stock market posted small losses last week despite a very strong showing by corporate America. The Dow Jones Industrial Average slipped 0.36%, while the Standard & Poor’s 500 lost…

Weekly Economic Update July 26, 2021
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Weekly Economic Update July 26, 2021

In this week’s recap: Markets overcome reaction to latest Delta variant news. THE WEEK ON WALL STREET Overcoming a COVID-related economic growth scare, stocks moved higher amid a week of strong corporate earnings reports. The Dow Jones Industrial Average rose 1.08%, while the Standard & Poor’s 500 gained 1.96%. The Nasdaq Composite index soared 2.84% for the week….

Weekly Economic Update July 19, 2021
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Weekly Economic Update July 19, 2021

In this week’s recap: Stocks retreat as inflation advances. THE WEEK ON WALL STREET Despite a good start to earnings season and some solid economic data, worries of slower second-half economic growth led to a pullback in stock prices last week. The Dow Jones Industrial Average fell 0.52%, while the Standard & Poor’s 500 lost 0.97%. The Nasdaq…

Weekly Economic Update July 12, 2021
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Weekly Economic Update July 12, 2021

In this week’s recap: Stocks edge higher in short week. THE WEEK ON WALL STREET Stocks managed small gains as investors wrestled with concerns over economic growth prospects and a rise in COVID-19 infections. The Dow Jones Industrial Average picked up 0.24%, while the Standard & Poor’s 500 gained 0.40%. The Nasdaq Composite index added 0.43%. The MSCI…

Weekly Economic Update July 5, 2021
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Weekly Economic Update July 5, 2021

In this week’s recap: Employment reports and consumer confidence are up; stock market replies favorably. THE WEEK ON WALL STREET Strong employment reports and rising consumer confidence sent the stock market broadly higher last week. The Dow Jones Industrial Average rose 1.02%, while the Standard & Poor’s 500 picked up 1.67%. The Nasdaq Composite index gained 1.94%. The…

Weekly Economic Update June 28, 2021
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Weekly Economic Update June 28, 2021

In this week’s recap: Stocks reach all-time highs and the housing market showed significant improvement. THE WEEK ON WALL STREET Stocks reached new all-time highs last week as markets staged a strong rebound from the previous week’s declines. The Dow Jones Industrial Average rose 3.44%, while the Standard & Poor’s 500 picked up 2.74%. The Nasdaq Composite index…

Weekly Economic Update June 21, 2021
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Weekly Economic Update June 21, 2021

In this week’s recap: The Fed signals interest rate hikes. THE WEEK ON WALL STREET New messaging from the Federal Reserve on interest rates and inflation last week led to a broad retreat in stock prices. The Dow Jones Industrial Average dropped 3.45% while the Standard & Poor’s 500 lost 1.91%. The Nasdaq Composite index slipped 0.28% for…

Weekly Economic Update June 14, 2021
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Weekly Economic Update June 14, 2021

In this week’s recap: Stocks kept cool, even as inflation came in hot. THE WEEK ON WALL STREET Stocks ended the week mixed as investors appeared to shrug off a hotter-than-expected inflation report. The Dow Jones Industrial Average slipped 0.80%, while the Standard & Poor’s 500 advanced 0.41%. The Nasdaq Composite index led, tacking on 1.85%. The MSCI…