Weekly Economic Update October 18, 2021
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Weekly Economic Update October 18, 2021

In this week’s recap: The Fed unveils tapering plans; investor optimism rises. THE WEEK ON WALL STREET A strong opening to the third-quarter earnings season sparked a late week, broad-based rally that helped stocks finish the week with solid gains. The Dow Jones Industrial Average rose 1.58%, while the Standard & Poor’s 500 added 1.82%. The Nasdaq Composite…

Weekly Economic Update October 11, 2021
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Weekly Economic Update October 11, 2021

In this week’s recap: Debt ceiling raised until December; employment numbers paint confusing picture. THE WEEK ON WALL STREET The overhang of bumping against the federal debt ceiling was lifted last week with an agreement to extend the debt ceiling through early December, helping propel stocks to a weekly gain. The Dow Jones Industrial Average increased by 1.22%,…

Weekly Economic Update October 4, 2021
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Weekly Economic Update October 4, 2021

In this week’s recap: Stalemate in the Capitol; Powell says inflation may stay longer than expected. THE WEEK ON WALL STREET Higher bond yields and a legislative stalemate in Washington, D.C., added up to losses for the week. The Dow Jones Industrial Average declined 1.36%, while the Standard & Poor’s 500 lost 2.21%. The Nasdaq Composite index fell…

Weekly Economic Update September 27, 2021
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Weekly Economic Update September 27, 2021

In this week’s recap: Financial contagion concerns and a positive word from the Fed bookend a wild week. THE WEEK ON WALL STREET Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement. The Dow Jones Industrial Average gained 0.62%, while the Standard & Poor’s 500…

Weekly Economic Update September 20, 2021
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Weekly Economic Update September 20, 2021

In this week’s recap: Despite signs of a good economy, stocks have a lackluster week. THE WEEK ON WALL STREET Stocks weakened ahead of this week’s Federal Reserve meeting and amid persistent concerns about the Delta variant’s impact on the economy. The Dow Jones Industrial Average was flat (-0.07%), while the Standard & Poor’s 500 fell 0.57%. The…

Weekly Economic Update September 13, 2021
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Weekly Economic Update September 13, 2021

In this week’s recap: Delta variant continues to concern the markets; labor market shows positive signs. THE WEEK ON WALL STREET In a quiet week of news, stocks moved lower amid simmering concerns over the Delta variant’s effect on the progress of economic reopening. The Dow Jones Industrial Average declined 2.15%, while the Standard & Poor’s 500 dropped…

Weekly Economic Update September 6, 2021
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Weekly Economic Update September 6, 2021

In this week’s recap: Stocks mixed as U.S. copes with economic data and Delta variant. THE WEEK ON WALL STREET Stocks were mixed last week amid conflicting economic data and continued spread of Delta variant infections. The Dow Jones Industrial Average slipped 0.24% during the five trading days. But the Standard & Poor’s 500 tacked on 0.58% and…

Weekly Economic Update August 30, 2021
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Weekly Economic Update August 30, 2021

In this week’s recap: Federal Reserve says tapering likely in 2021, but no interest rate hikes for now. THE WEEK ON WALL STREET The stock market powered to record levels last week amid talk of Fed tapering and a deceleration in new Delta variant cases. The Dow Jones Industrial Average gained 0.96%, while the Standard & Poor’s 500…

Weekly Economic Update August 23, 2021
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Weekly Economic Update August 23, 2021

In this week’s recap: A Fed taper may loom; economic data mixed. THE WEEK ON WALL STREET Stocks turned lower last week amid the increasing probability of a Fed tapering, mixed economic data, and growing concerns about the economic impact of the Delta variant. The Dow Jones Industrial Average slumped 1.11%, while the Standard & Poor’s 500 lost…

Weekly Economic Update August 16, 2021
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Weekly Economic Update August 16, 2021

In this week’s recap: Passage of infrastructure bill in Senate boosts DJIA and S&P; Nasdaq stays flat. THE WEEK ON WALL STREET Looking past inflation figures and Delta variant trends, stocks last week found a way to climb higher and set fresh record highs in the process. The Dow Jones Industrial Average rose 0.87%, while the Standard &…