In this week’s recap: Promising signs of a fiscal stimulus package inspire an upward week for stocks; retailers’ extended “Black Friday” sales produce mixed results. Weekly Economic Update December 7, 2020 THE WEEK ON WALL STREET Stocks marched higher last week on an improving outlook for the passage of a fiscal stimulus package. The Dow Read More …

In this week’s recap: Dow Jones Industrial Average hits 30,000 milestone in response to promising vaccine news and lessening political uncertainty; former Fed chair Janet Yellen nominated as Secretary of the Treasury. Weekly Economic Update November 30, 2020 THE WEEK ON WALL STREET Stocks surged last week, ignited by another COVID-19 vaccine announcement, encouraging economic Read More …

In this week’s recap: New COVID-19 infections drive market anxieties, despite anticipated vaccines; Fed Chair Powell warns that continued infections may limit economic activity for months. Weekly Economic Update November 23, 2020 THE WEEK ON WALL STREET Despite news of another COVID-19 vaccine candidate, stocks were mixed amid investor anxiety over an increase in new Read More …

In this week’s recap: A COVID-19 vaccine spurs a stock market rally, even as more cases are reported and some areas renew lockdowns. Weekly Economic Update November 16, 2020 THE WEEK ON WALL STREET News of a COVID-19 vaccine ignited a rally in economically sensitive stocks and a broad retreat in technology companies last week, Read More …

In this week’s recap: Markets react positively to the election, seeing promise in a divided government; unemployment rate falls. Weekly Economic Update November 9, 2020 THE WEEK ON WALL STREET Stocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big Read More …

In this week’s recap: With no fiscal stimulus anticipated and election around the corner, stocks slumped through a difficult week. Weekly Economic Update November 2, 2020 THE WEEK ON WALL STREET Stock prices dropped last week as hopes for a fiscal stimulus bill faded and investors focused on rising COVID-19 infections, here and abroad. The Read More …

In this week’s recap: Stocks lagged after another week with no fiscal stimulus; the labor market seemed to improve despite a rise in COVID-19 cases. Weekly Economic Update October 26, 2020 THE WEEK ON WALL STREET The failure to reach an agreement on a new fiscal stimulus bill soured investor sentiment and sent stocks modestly Read More …

In this week’s recap: A difficult week for stocks, reacting to delayed stimulus, little good news on COVID-19 treatment, and jobless claims. Weekly Economic Update October 19, 2020 THE WEEK ON WALL STREET Stocks treaded water last week amid fading prospects for a stimulus bill, fears of a second wave of COVID-19 cases, and increasing Read More …

In this week’s recap: Stocks soar, despite mixed messages on fiscal stimulus. Weekly Economic Update October 12, 2020 THE WEEK ON WALL STREET Stocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill. The Dow Jones Industrial Average rose 3.27%, while Read More …

In this week’s recap: Stocks advance with hopes of a new stimulus, end the week up, despite no new deal and President Trump’s illness. Weekly Economic Update October 5, 2020 THE WEEK ON WALL STREET Stocks advanced last week, propelled by hopes that legislators may reach an agreement for a new fiscal stimulus package and Read More …