Weekly Economic Update January 2, 2023
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Weekly Economic Update January 2, 2023

In this week’s recap: Erratic holiday trading leaves stocks in doldrums. THE WEEK ON WALL STREET In a holiday-shortened week, erratic trading left stocks marginally down for the week. The Dow Jones Industrial Average lost 0.17%, while the Standard & Poor’s 500 slipped 0.14%. The Nasdaq Composite index fell 0.30%. The MSCI EAFE index, which tracks developed overseas…

Weekly Economic Update December 12, 2022
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Weekly Economic Update December 12, 2022

In this week’s recap: Stocks slide on recession concerns. THE WEEK ON WALL STREET Recession fears and concerns that the Fed may consider a longer rate-hike cycle sent stocks lower for the week. The Dow Jones Industrial Average dropped 2.77%, while the Standard & Poor’s 500 fell 3.37%. The Nasdaq Composite index lost 3.99% for the week. The…

Weekly Economic Update December 5, 2022
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Weekly Economic Update December 5, 2022

In this week’s recap: Easing on rate hikes and job numbers cheer markets. THE WEEK ON WALL STREET Stocks ended higher last week as investors navigated the crosscurrents of a potential easing in future rate hikes and continued strength in the labor market. The Dow Jones Industrial Average edged 0.24% higher, while the Standard & Poor’s 500 gained…

Weekly Economic Update November 28, 2022
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Weekly Economic Update November 28, 2022

In this week’s recap: Fed talks turkey on lower rates, boosting markets. THE WEEK ON WALL STREET Growing optimism that the Fed may be ready to ease future interest rate hikes sent stocks higher in a quiet trading week. The Dow Jones Industrial Average gained 1.78%, while the Standard & Poor’s 500 added 1.53%. The Nasdaq Composite index…

Weekly Economic Update November 21, 2022
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Weekly Economic Update November 21, 2022

In this week’s recap: Markets down ahead of Thanksgiving holiday. THE WEEK ON WALL STREET The stock market edged lower last week as it digested a crosscurrent of conflicting economic data and contrasting comments from Fed officials. The Dow Jones Industrial Average was flat (-0.01%), while the Standard & Poor’s 500 declined by 0.69%. The Nasdaq Composite…

Weekly Economic Update November 14, 2022
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Weekly Economic Update November 14, 2022

In this week’s recap: Cooling inflation brings market gains. THE WEEK ON WALL STREET A cooling inflation number ignited a powerful rally on Thursday, sending stocks to strong gains for the week. The Dow Jones Industrial Average gained 4.15%, while the Standard & Poor’s 500 added 5.90%. The Nasdaq Composite index rose 8.10% for the week. The…

Weekly Economic Update November 7, 2022
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Weekly Economic Update November 7, 2022

In this week’s recap: Stocks slip after Powell comments. THE WEEK ON WALL STREET Hawkish comments by Fed Chair Jerome Powell, following the announcement of another 75 basis points interest rate hike last week, cast a pall over financial markets, sending yields higher and stocks lower. The Dow Jones Industrial Average slipped 1.40%, while the Standard &…

Weekly Economic Update October 31, 2022
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Weekly Economic Update October 31, 2022

In this week’s recap: Plenty of treats for Wall Street this week. THE WEEK ON WALL STREET Stocks overcame poor earnings results from some of America’s largest companies to post gains last week as investors cheered positive earnings surprises, easing inflation and a rebound in economic growth. The Dow Jones Industrial Average rose 5.72%, while the Standard…

Weekly Economic Update October 24, 2022
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Weekly Economic Update October 24, 2022

In this week’s recap: Wall Street flips the script, enjoys a rally. THE WEEK ON WALL STREET A positive start to a new earnings season and late-week hopes for a near-term easing in Fed rate hikes lifted investors’ spirits and powered stocks to gains for the week. The Dow Jones Industrial Average jumped 4.89%, while the Standard…

Weekly Economic Update October 17, 2022
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Weekly Economic Update October 17, 2022

In this week’s recap: Volatility reigns; inflation remains unchecked. THE WEEK ON WALL STREET Stocks were mixed last week amid wide intra- and inter-day price swings, as technology shares bore the brunt of the downdraft. The Dow Jones Industrial Average gained 1.15% for the week. Meanwhile, the Standard & Poor’s 500 slipped 1.55%, and the Nasdaq Composite…