Weekly Economic Update – January 6, 2020 January 6, 2020 THE WEEK ON WALL STREET Stocks descended from record highs Friday, as traders reacted to a U.S. drone strike that killed Iran’s top military officer. Oil prices rose more than 3% following the breaking news.1 Wall Street benchmarks ended up having a sideways week, shortened by the New Year’s Day holiday. The Dow Jones Industrial [...]
Weekly Economic Update – December 16, 2019 December 16, 2019 THE WEEK ON WALL STREET Key Wall Street benchmarks were up and down last week – or rather down and then up. A Tuesday retreat was offset by a Friday rally spurred by the Department of Labor’s November jobs report. While the S&P 500 managed to rise 0.16% for the week, the Dow Jones Industrial [...]
Read More... from Weekly Economic Update – December 16, 2019
Weekly Economic Update – December 9, 2019 December 9, 2019 THE WEEK ON WALL STREET Key Wall Street benchmarks were up and down last week – or rather down and then up. A Tuesday retreat was offset by a Friday rally spurred by the Department of Labor’s November jobs report. While the S&P 500 managed to rise 0.16% for the week, the Dow Jones Industrial [...]
Weekly Economic Update – December 2, 2019 December 2, 2019 THE WEEK ON WALL STREET As November wrapped up, U.S. equity benchmarks advanced. Stocks were again aided by a sense of optimism that a preliminary U.S.-China trade deal could be near. For the week, the Nasdaq Composite added 1.87%; the S&P 500, 1.21%; the Dow Jones Industrial Average, 1.03%. The MSCI EAFE index, which measures [...]
Weekly Economic Update – November 25, 2019 November 25, 2019 THE WEEK ON WALL STREET Stocks declined last week as mixed signals emerged about the progress of U.S.-China trade negotiations. The three major Wall Street benchmarks all took weekly losses. The Dow Jones Industrial Average declined 0.46%; the S&P 500, 0.33%; the Nasdaq Composite, 0.25%. Also pulling back, the MSCI EAFE index, tracking developed stock [...]
Read More... from Weekly Economic Update – November 25, 2019
Weekly Economic Update – November 18, 2019 November 18, 2019 THE WEEK ON WALL STREET Stock benchmarks were little changed for much of last week, but a rally occurred Friday after news broke that the U.S. and China could be closing in on the first phase of a new trade pact. At Friday’s close, the Dow Jones Industrial Average crossed the 28,000 level. The Dow [...]
Read More... from Weekly Economic Update – November 18, 2019
Weekly Economic Update – November 11, 2019 November 11, 2019 THE WEEK ON WALL STREET Domestic and international stocks rose last week. Risk appetite outweighed concerns about the state of U.S.-China trade discussions. The Dow Jones Industrial Average, Nasdaq Composite, S&P 500, and MSCI EAFE all ended the week with gains. Blue chips led the way, as the Dow added 1.22%. The Nasdaq improved 1.06%; [...]
Read More... from Weekly Economic Update – November 11, 2019
Weekly Economic Update – November 4, 2019 November 4, 2019 THE WEEK ON WALL STREET A better-than-forecast jobs report prompted a stock market rally Friday, two days after traders witnessed another interest rate cut by the Federal Reserve. Both the S&P 500 and Nasdaq Composite ended the week at historic peaks, while the Dow Jones Industrial Average settled less than 12 points under its all-time [...]
Weekly Economic Update – October 28, 2019 October 28, 2019 THE WEEK ON WALL STREET The S&P 500 came within 0.1% of a record close Friday. Stocks were lifted last week by positive news on U.S.-China trade negotiations, plus earnings announcements. The Nasdaq Composite posted the largest weekly gain of the three major U.S. stock indices. It rose 1.90%. Last week also brought gains of [...]
Weekly Economic Update – October 21, 2019 October 21, 2019 THE WEEK ON WALL STREET Earnings helped give the Nasdaq Composite and S&P 500 a slight lift last week, offsetting investor disappointment over the small scope of the preliminary U.S.-China trade deal reached on October 11. Blue chips took a small weekly loss. The Nasdaq and S&P respectively gained 0.40% and 0.54% on the week. [...]