In this week’s recap: Stocks power higher, while the Dow makes a few changes. Weekly Economic Update     THE WEEK ON WALL STREET Stocks advanced relentlessly last week on positive COVID-19 developments, encouraging economic data, and a supportive policy shift in the Fed’s approach to its target inflation rate. The Dow Jones Industrial Average…

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In this week’s recap: Stocks Reached New Highs, erasing steep losses from February and March. Weekly Economic Update   THE WEEK ON WALL STREET Stocks powered to another week of gains as the S&P 500 and Nasdaq Composite set multiple new record highs along the way. The Dow Jones Industrial Average was essentially unchanged while…

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In this week’s recap: stocks rise, and consumer prices jump; COVID-19 cases slow; Congressional talks stall. Weekly Economic Update     THE WEEK ON WALL STREET Stock prices drifted higher in an otherwise quiet news week, as a slowdown in new COVID-19 cases outweighed a Congressional impasse on a new fiscal spending measure. The Dow…

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In this week’s recap: Stocks rise as earnings season winds to an end; no results in fiscal stimulus talks. Weekly Economic Update     THE WEEK ON WALL STREET Overlooking stalled efforts by Congress to pass a new fiscal stimulus bill, stocks marched higher last week with the Dow Jones Industrials leading the way and…

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In this week’s recap: stocks have a mixed reaction to earnings, economic data, and a potential stimulus. Weekly Economic Update   THE WEEK ON WALL STREET Stocks were mixed last week amid a busy week of earnings, some troubling economic data, and seemingly little progress on a new fiscal stimulus package. The Dow Jones Industrial…

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