Weekly Economic Update

In this week’s recap: Coronavirus continues to drive the markets, even as bankers and health professionals take decisive steps to stem the tide. Weekly Economic Update March 23, 2020 THE WEEK ON WALL STREET The stock market suffered through another volatile week as it wrestled with the health and economic fallout of the domestic spread Read More …

Weekly Economic Update

In this week’s recap: Continuing concerns over COVID-19, aided by cuts in oil production overseas, contributed to continued market volatility. Weekly Economic Update March 16, 2020 THE WEEK ON WALL STREET Markets remained exceptionally volatile, buffeted by the spreading impact of coronavirus, uncertain responses from federal policymakers, and the sudden drop in oil prices. The Read More …

Weekly Economic Update

In this week’s recap: U.S. stocks finish higher after a wild trading week; the Federal Reserve cuts short-term interest rates; Treasury yields decline; the latest jobs report out of Washington shows no falloff for hiring. Weekly Economic Update March 9, 2020 THE WEEK ON WALL STREET Heightened coronavirus fears, falling yields, and Super Tuesday primary Read More …

Weekly Economic Update

In this week’s recap: Major equity indices correct as Wall Street reacts to coronavirus updates, consumer confidence indices are at high levels, and the pace of new home sales increases. Weekly Economic Update March 2, 2020 THE WEEK ON WALL STREET Stocks fell sharply last week as Wall Street considered how the coronavirus outbreak might Read More …

Weekly Economic Update

In this week’s recap: Wall Street grapples with coronavirus unknowns; new Federal Reserve meeting minutes appear; existing home sales retreat; the price of gold climbs. Weekly Economic Update February 24, 2020 THE WEEK ON WALL STREET Traders paid close attention to coronavirus developments and earnings last week, while wondering how the former might eventually impact Read More …

Weekly Economic Update

In this week’s recap: stock indexes rise, Jerome Powell reports on monetary policy to Congress, inflation hits a 15-month peak, and new data on retail sales and consumer sentiment appears. Weekly Economic Update February 17, 2020 THE WEEK ON WALL STREET Daily headlines about the coronavirus had little impact on stock market averages last week. Read More …

Weekly Economic Update

In this week’s recap: stocks rally, China schedules tariff cuts, January hiring tops expectations, and a key gauge of manufacturing activity improves. Weekly Economic Update February 10, 2020 THE WEEK ON WALL STREET Stocks advanced four days out of five during the past market week, erasing the losses of the week before. The Nasdaq Composite Read More …

Weekly Economic Update

In this week’s recap: coronavirus concerns ripple through global stock markets; the Fed makes a slight monetary policy adjustment; consumer confidence rises; the government makes its first estimate of fourth-quarter growth. Weekly Economic Update February 3, 2020 THE WEEK ON WALL STREET Stock benchmarks declined for a second straight week as coronavirus news tempered risk Read More …

Weekly Economic Update

In this week’s recap: stock and commodity traders turn cautious as the coronavirus reaches America; home sales increase even with the current housing market’s slim inventory. Weekly Economic Update January 27, 2020 THE WEEK ON WALL STREET Stock prices fell last week as investors considered the potential health and economic risks of the flu-like coronavirus. Read More …

Weekly Economic Update

In this week’s recap: U.S. equity benchmarks hit fresh record highs; one trade deal is signed, and Congress approves another; builders break ground on more residential projects. Weekly Economic Update January 20, 2020 THE WEEK ON WALL STREET Traders were in an upbeat mood last week, reacting to news out of Washington: the signing of Read More …