Weekly Economic Update January 30, 2023
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Weekly Economic Update January 30, 2023

Earnings and data tell two different stories on near future. THE WEEK ON WALL STREET Stocks added to their early 2023 gains amid a busy stream of mixed corporate earnings results and conflicting economic data. The Dow Jones Industrial Average gained 1.81%, while the Standard & Poor’s 500 added 2.47%. The Nasdaq Composite index rose 4.32% for the…

Weekly Economic Update January 23, 2023
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Weekly Economic Update January 23, 2023

Mixed results following weak economic data. THE WEEK ON WALL STREET Stocks showed mixed results last week as recession fears resurfaced in response to weak economic data and a tepid start to a new corporate earnings season. The Dow Jones Industrial Average skidded 2.70%, while the Standard & Poor’s 500 declined 0.66%. But the Nasdaq Composite index gained…

Weekly Economic Update January 16, 2023
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Weekly Economic Update January 16, 2023

In this week’s recap: Inflation cools, stocks warm up. THE WEEK ON WALL STREET Stocks rallied last week thanks to fresh confirmation of inflation’s cooling trend and growing optimism that an inflation slowdown may provide the Fed with space to ease up on future rate hikes. The Dow Jones Industrial Average gained 2.00%, while the Standard & Poor’s…

Weekly Economic Update January 9, 2023
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Weekly Economic Update January 9, 2023

In this week’s recap: New Year’s rally in reply to positive economic news. THE WEEK ON WALL STREET A strong Friday rally triggered by fresh signs of moderating inflation pushed stocks into positive territory to begin the new year. The Dow Jones Industrial Average rose 1.46%, while the Standard & Poor’s 500 advanced 1.45%. The Nasdaq Composite…

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…