In this week’s recap: Stocks sink on rate hike talk. Weekly Economic Update January 24, 2022 THE WEEK ON WALL STREET Stocks extended their January retreat as worries over inflation and rising bond yields continued to exert downward pressure on prices.   The Dow Jones Industrial Average slid 4.58%, while the Standard & Poor’s 500 sank Read More …

In this week’s recap: Volatile week as Fed speaks of multiple rate hikes. Weekly Economic Update January 17, 2022 THE WEEK ON WALL STREET Deteriorating investor enthusiasm for high-valuation growth companies and a mixed start to the fourth-quarter earnings season made for a volatile week.   The Dow Jones Industrial Average lost 0.88%, while the Standard Read More …

In this week’s recap: Hawkish Fed sees bonds higher and stocks retreat. Weekly Economic Update January 10, 2022 THE WEEK ON WALL STREET A jump in yields sparked by a more aggressive sounding Federal Reserve sent the market lower to start the new year.   The Dow Jones Industrial Average fell 0.29%, while the Standard & Read More …

In this week’s recap: Despite Omicron concerns, stocks end year mostly positive, with strong holiday sales figures. Weekly Economic Update January 3, 2022 THE WEEK ON WALL STREET Stocks closed out the year on a mostly positive note, adding to the year’s gains as concerns about the economic issues of Omicron infections receded.   The Dow Read More …

In this week’s recap: Fed tightens money policy. Weekly Economic Update December 20, 2021 THE WEEK ON WALL STREET Stock prices retreated last week as global central banks joined the Federal Reserve in taking steps to tighten monetary policy. The Dow Jones Industrial Average fell 1.68%, while the Standard & Poor’s 500 dropped 1.94%. The Read More …

In this week’s recap: Milder Omicron news boosts stocks. Weekly Economic Update December 13, 2021 THE WEEK ON WALL STREET A more benign reassessment of the possible economic risk posed by Omicron sent stocks sharply higher last week. The Dow Jones Industrial Average picked up 4.02%, while the Standard & Poor’s 500 advanced 3.82%. The Read More …

In this week’s recap: Market copes with unpleasant news; Powell surprises, Omicron concerns, and a less than stellar jobs report disappoints. Weekly Economic Update December 6, 2021 THE WEEK ON WALL STREET Stocks took investors on a wild ride last week as the Omicron variant and Fed comments upended market expectations. The Dow Jones Industrial Read More …

In this week’s recap: COVID-19 variant clobbers markets. Weekly Economic Update November 29, 2021 THE WEEK ON WALL STREET News of a new, highly virulent COVID variant triggered a market sell-off on Friday, sending stocks into negative territory for the week. The Dow Jones Industrial Average slid 1.97%, while the Standard & Poor’s 500 slumped Read More …

In this week’s recap: Markets react to growing COVID-19 infections and potential successor to Powell. Weekly Economic Update November 22, 2021 THE WEEK ON WALL STREET Stocks were mixed last week in choppy trading as investors battled the crosscurrents of good economic data and a troubling rise in COVID-19 infections globally. The Dow Jones Industrial Read More …

In this week’s recap: Stocks tap the brakes after signs of higher inflation. Weekly Economic Update November 15, 2021 THE WEEK ON WALL STREET Stocks posted small declines last week as investors digested recent stock market gains and an unexpectedly high inflation read. The Dow Jones Industrial Average slid 0.63%, while the Standard & Poor’s Read More …