Weekly Economic Update

In this week’s recap: despite continued COVID-19 concerns, markets react positively to upbeat economic data. Weekly Economic Update July 6, 2020 THE WEEK ON WALL STREET In a holiday-shortened week, stock prices turned higher as encouraging economic data outweighed an increase in COVID-19 cases and a rollback in economic re-openings. The Dow Jones Industrial Average Read More …

Weekly Economic Update

In this week’s recap: a rise in COVID-19 cases inspires turbulence in markets, tapping the brakes on economic recovery. Weekly Economic Update June 29, 2020 THE WEEK ON WALL STREET A jump in COVID-19 cases dampened investor enthusiasm last week, sending stock prices lower on worries that rising infections could derail the economic recovery.  The Read More …

Weekly Economic Update

In this week’s recap: as fears of economic shutdown diminish, the U.S. economy gains momentum. Weekly Economic Update June 22, 2020 THE WEEK ON WALL STREET Stocks moved higher last week on news of more Federal Reserve market support and diminished concerns that new COVID-19 cases might lead to another economic shutdown. The Dow Jones Read More …

Weekly Economic Update

In this week’s recap: increase in COVID-19 cases, matched with downbeat Federal Reserve forecast, weighed on markets. Weekly Economic Update June 15, 2020 THE WEEK ON WALL STREET Investor sentiment turned negative last week, amid an increasing number of COVID-19 cases in states where re-opening has been underway as well as a subdued economic forecast Read More …

Weekly Economic Update

In this week’s recap: U.S. jobs report and a surging market build optimism for global economic recovery. Weekly Economic Update June 8, 2020 THE WEEK ON WALL STREET A positive jobs report sent stocks soaring last Friday, capping a solid week as evidence of a global economic recovery outweighed concerns over civil unrest and tensions Read More …

Weekly Economic Update

In this week’s recap: solid gains following a short trading week; economic reopening inspires optimism. Weekly Economic Update June 1, 2020 THE WEEK ON WALL STREET The shortened week, which began with a powerful two-day rally of trading, was enough to drive the markets into another week of solid gains. The Dow Jones Industrial Average Read More …

Weekly Economic Update

In this week’s recap: Markets rally in reply to positive comments from Fed Chair Powell and further optimism for economic recovery. Weekly Economic Update May 25, 2020 THE WEEK ON WALL STREET Upbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the Read More …

Weekly Economic Update

In this week’s recap: Powell paints a somber picture for recovery, and the markets slip in reaction. Weekly Economic Update May 18, 2020 THE WEEK ON WALL STREET Stocks drifted lower last week, weighed down by Federal Reserve Chairman Jerome Powell’s unsettling comments on the economy and signs of renewed tensions with China. The Dow Jones Read More …

Weekly Economic Update

In this week’s recap: Unemployment reaches an historic low, while stocks climbed in response to economic re-openings. Weekly Economic Update May 11, 2020 THE WEEK ON WALL STREET Despite an historic downturn in employment, stocks managed to climb higher last week as investors were emboldened by the pace of economic re-openings here and abroad. The Read More …

Weekly Economic Update

In this week’s recap: Promising drug trials and plans to ease public lockdowns turn thoughts to economic normalization. Weekly Economic Update May 4, 2020 THE WEEK ON WALL STREET Stock prices ended the week slightly lower, despite news of positive results from a test trial of a COVID-19 drug treatment and several states easing their Read More …