Posts Tagged ‘COVID-19’
Inauguration Week: New Stimulus Proposal
In this week’s recap: Mixed news elicits a mixed reaction from the markets; incoming Biden Administration outlines stimulus plan. Weekly Economic Update THE WEEK ON WALL STREET Markets drifted lower last week as uninspired investors digested mixed news on the economic front. The Dow Jones Industrial Average lost 0.91% while the Standard &…
Read More5 Highlights of the New Stimulus Package
5 Highlights of the New Stimulus Package What the latest round of funding may mean for you. After a bit of political posturing in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues to impact employers and employees. Here’s…
Read MoreFiscal Stimulus on Life Support
In this week’s recap: Stocks have a mixed reaction to ongoing uncertainty; additional fiscal stimulus on hold. Weekly Economic Update THE WEEK ON WALL STREET Stocks were mixed last week as worries that stretched from Washington D.C., where prospects of a new fiscal stimulus bill dimmed, to Europe, which saw an increase of new…
Read MoreThe Fed Stays the Course
In this week’s recap: The tech sector slip continues for stocks; the Federal Reserve signals that interest rates will not be increased for some time. Weekly Economic Update THE WEEK ON WALL STREET Stocks slipped as the technology sector remained under pressure and a mid-week announcement by the Federal Reserve failed to inspire investors.…
Read MoreLabor Market Recovery Sputters Forward, Georgia
In this week’s recap: Stocks stall late in the week, thanks to tech markets slide. The jobs recovery makes continued progress. Weekly Economic Update THE WEEK ON WALL STREET A late week sell-off sent stocks broadly lower as investors took some profits after stocks reached all-time highs earlier in the week. The Dow…
Read More