An Ugly Week

In this week’s recap: Stalemate in the Capitol; Powell says inflation may stay longer than expected. Weekly Economic Update   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 & Poor’s 500…

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Taking the Economic Pulse

In this week’s recap: Despite signs of a good economy, stocks have a lackluster week. Weekly Economic Update   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%), while the…

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Powell provides Further Insight into Fed Plans

In this week’s recap: Federal Reserve says tapering likely in 2021, but no interest rate hikes for now. Weekly Economic Update   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 Average gained…

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Taper By Year End?

In this week’s recap: A Fed taper may loom; economic data mixed. Weekly Economic Update     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 slumped…

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Markets pushed and pulled by Delta variant news

In this week’s recap: Despite Delta variant fears, stocks rise on strong jobs, strong earnings reports. Weekly Economic Update THE WEEK ON WALL STREET Overcoming jitters about the Delta variant and the reintroduction of mask requirements, stocks climbed higher on strong employment data and a fresh batch of strong corporate earnings. The Dow Jones Industrial…

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