In this week’s recap: Mixed results following weak economic data. Weekly Economic Update January 23, 2023 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 Read More …

In this week’s recap: Inflation cools, stocks warm up. Weekly Economic Update January 16, 2023 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 Read More …

In this week’s recap: New Year’s rally in reply to positive economic news. Weekly Economic Update January 9, 2023 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 Read More …

In this week’s recap: Recession concerns, Fed talk keep stocks cold. Weekly Economic Update December 19, 2022 THE WEEK ON WALL STREET Hawkish comments by the Fed and weak economic data heightened investors’ recession concerns and sent stocks lower last week. The Dow Jones Industrial Average lost 1.66%, while the Standard & Poor’s 500 retreated Read More …

In this week’s recap: Stocks slide on recession concerns. Weekly Economic Update December 12, 2022 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 Read More …

In this week’s recap: Easing on rate hikes and job numbers cheer markets. Weekly Economic Update December 5, 2022 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 Read More …

In this week’s recap: Fed talks turkey on lower rates, boosting markets. Weekly Economic Update November 28, 2022 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 Read More …

In this week’s recap: Markets down ahead of Thanksgiving holiday. Weekly Economic Update November 21, 2022 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 & Read More …

In this week’s recap: Cooling inflation brings market gains. Weekly Economic Update November 14, 2022 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 Read More …

In this week’s recap: Stocks slip after Powell comments. Weekly Economic Update November 7, 2022 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 Read More …