In this week’s recap: Tech stocks and strong indicators lead a week of economic advancement. THE WEEK ON WALL STREET Strong economic data and a resurgent technology sector propelled stocks to solid gains last week. The Dow Jones Industrial Average advanced 1.95%, while the Standard & Poor’s 500 picked up 2.71%. The tech-heavy Nasdaq Composite index gained 3.12%. …
In this week’s recap: Markets react positively to infrastructure proposals; S&P 500 rises above 4,000 for the first time. THE WEEK ON WALL STREET Overcoming a rocky start, stocks rallied into the close of a holiday-shortened week of trading as technology shares staged a powerful recovery and investors reacted positively to President Biden’s infrastructure spending proposal. The Dow …
In this week’s recap: Weakness in tech and high-growth stocks leads to a rocky week; Yellen and Powell signal optimism. THE WEEK ON WALL STREET A rocky week with wide price swings led to mixed results for stocks last week, as investors grappled with anxieties over economic growth and weakness in technology and other high-growth stocks. The Dow …
In this week’s recap: A week of ups and downs leaves modest losses at week’s end. THE WEEK ON WALL STREET Rising bond yields and improving economic conditions led to a choppy week of trading that ended in modest losses for investors. The Dow Jones Industrial Average fell 0.46%, while the Standard & Poor’s 500 declined 0.77%. The …
In this week’s recap: The White House signs COVID-19 fiscal relief bill into law; the economy reacted positively. THE WEEK ON WALL STREET Stocks touched new record highs last week as bond yields steadied, a fiscal relief bill was signed into law, and confidence in a strong economic recovery grew. The Dow Jones Industrial Average gained 4.07%, while …
In this week’s recap: Stocks have a mixed reaction to rising bond yields and increasing inflation. THE WEEK ON WALL STREET Stocks were mixed last week as rising bond yields and heightening inflation fears sent stocks on a wild ride, capped by a remarkable Friday afternoon rally. The Dow Jones Industrial Average gained 1.82%, while the Standard & …
In this week’s recap: Rising bond yields deliver a blow to stocks; Fed Chair affirms commitment to current money policy. THE WEEK ON WALL STREET Stocks dropped amid rising long-term bond yields, with sharp declines in high-valuation growth stocks leading the overall market lower. The Dow Jones Industrial Average slipped 1.78%, while the Standard & Poor’s 500 …
In this week’s recap: Accommodative Fed policies lead to inflation concerns. THE WEEK ON WALL STREET Rising bond yields dampened investor enthusiasm for high-multiple growth companies last week, sending market averages mostly lower in a holiday-shortened week of trading. The Dow Jones Industrial Average gained 0.11% for the week. But the Standard & Poor’s 500 fell 0.71% …
In this week’s recap: Vaccinations and declining case numbers result in economic optimism; Fed Chair says no change for now. THE WEEK ON WALL STREET Stock prices inched higher last week amid declining COVID-19 cases, a pick-up in vaccinations, and progress on a fiscal relief bill. The Dow Jones Industrial Average gained 1.00%, while the Standard & …
In this week’s recap: The markets went back to basics this week, showing optimism for positive COVID-19 news. THE WEEK ON WALL STREET Stocks notched strong gains last week, paced by a string of solid economic reports and consensus-beating corporate earnings. The Dow Jones Industrial Average gained 3.89%, while the Standard & Poor’s 500 advanced 4.65%. The …