Financial News

Weekly Economic Update December 7, 2020

In this week’s recap: Promising signs of a fiscal stimulus package inspire an upward week for stocks; retailers’ extended “Black Friday” sales produce mixed results. THE WEEK ON WALL STREET Stocks marched higher last week on an improving outlook for the passage of a fiscal stimulus package. The Dow Jones Industrial Average rose 1.03%, while the Standard & …

Weekly Economic Update December 7, 2020 Read More »

Weekly Economic Update November 30, 2020

In this week’s recap: Dow Jones Industrial Average hits 30,000 milestone in response to promising vaccine news and lessening political uncertainty; former Fed chair Janet Yellen nominated as Secretary of the Treasury. THE WEEK ON WALL STREET Stocks surged last week, ignited by another COVID-19 vaccine announcement, encouraging economic data, and the easing of political uncertainty. The Dow …

Weekly Economic Update November 30, 2020 Read More »

Weekly Economic Update November 23, 2020

In this week’s recap: New COVID-19 infections drive market anxieties, despite anticipated vaccines; Fed Chair Powell warns that continued infections may limit economic activity for months. THE WEEK ON WALL STREET Despite news of another COVID-19 vaccine candidate, stocks were mixed amid investor anxiety over an increase in new infections and economic lockdowns. The Dow Jones Industrial Average …

Weekly Economic Update November 23, 2020 Read More »

Weekly Economic Update November 9, 2020

In this week’s recap: Markets react positively to the election, seeing promise in a divided government; unemployment rate falls. THE WEEK ON WALL STREET Stocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big technology companies. The Dow Jones Industrial Average jumped 6.87%, …

Weekly Economic Update November 9, 2020 Read More »