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In this week’s recap: The Fed unveils tapering plans; investor optimism rises. Weekly Economic Update October 18, 2021 THE WEEK ON WALL STREET A strong opening to the third-quarter earnings season sparked a late week, broad-based rally that helped stocks finish the week with solid gains. The Dow Jones Industrial Average rose 1.58%, while the Read More …
In this week’s recap: Debt ceiling raised until December; employment numbers paint confusing picture. Weekly Economic Update October 11, 2021 THE WEEK ON WALL STREET The overhang of bumping against the federal debt ceiling was lifted last week with an agreement to extend the debt ceiling through early December, helping propel stocks to a weekly Read More …
In this week’s recap: Stalemate in the Capitol; Powell says inflation may stay longer than expected. Weekly Economic Update October 04, 2021 THE WEEK ON WALL STREET Higher bond yields and a legislative stalemate in Washington, D.C., added up to losses for the week. The Dow Jones Industrial Average declined 1.36%, while the Standard & Read More …
In this week’s recap: Financial contagion concerns and a positive word from the Fed bookend a wild week. Weekly Economic Update September 27, 2021 THE WEEK ON WALL STREET Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement. The Dow Jones Industrial Read More …
In this week’s recap: Despite signs of a good economy, stocks have a lackluster week. Weekly Economic Update September 20, 2021 THE WEEK ON WALL STREET Stocks weakened ahead of this week’s Federal Reserve meeting and amid persistent concerns about the Delta variant’s impact on the economy. The Dow Jones Industrial Average was flat (-0.07%), Read More …
In this week’s recap: Delta variant continues to concern the markets; labor market shows positive signs. Weekly Economic Update September 13, 2021 THE WEEK ON WALL STREET In a quiet week of news, stocks moved lower amid simmering concerns over the Delta variant’s effect on the progress of economic reopening. The Dow Jones Industrial Average Read More …
In this week’s recap: Stocks mixed as U.S. copes with economic data and Delta variant. Weekly Economic Update September 6, 2021 THE WEEK ON WALL STREET Stocks were mixed last week amid conflicting economic data and continued spread of Delta variant infections. The Dow Jones Industrial Average slipped 0.24% during the five trading days. But Read More …
In this week’s recap: Federal Reserve says tapering likely in 2021, but no interest rate hikes for now. Weekly Economic Update August 30, 2021 THE WEEK ON WALL STREET The stock market powered to record levels last week amid talk of Fed tapering and a deceleration in new Delta variant cases. The Dow Jones Industrial Read More …
In this week’s recap: A Fed taper may loom; economic data mixed. Weekly Economic Update August 23, 2021 THE WEEK ON WALL STREET Stocks turned lower last week amid the increasing probability of a Fed tapering, mixed economic data, and growing concerns about the economic impact of the Delta variant. The Dow Jones Industrial Average Read More …
In this week’s recap: Passage of infrastructure bill in Senate boosts DJIA and S&P; Nasdaq stays flat. Weekly Economic Update August 16, 2021 THE WEEK ON WALL STREET Looking past inflation figures and Delta variant trends, stocks last week found a way to climb higher and set fresh record highs in the process. The Dow Read More …