Economic update for the week ending June 20, 2020

Stock markets higher on retail sales rebound – Stocks soared Monday after The Commerce Department reported that retail sales rose 18% in May. It was the largest monthly increase ever, and investors read the report as a sign that the economy was rebounding quicker than expected. The Dow Jones Industrial Average closed the week at 25,871.46, up 1% from 25,605.54 last ...

Economic update for the week ending February 15, 2020

16. February 2020 Economic Update 0
Stock Markets Hit Record Highs Again This Week – Stocks closed higher again this week with all major indexes recording substantial  year to date gains. The Dow Jones Industrial Average closed the week at 29,398.08, up 1.0% from 29,108.51 last week. It’s up 3.0% year to date. The S&P 500 closed the week at 3,3380.16, up 1.6% from 3,327.71 last week. It’s up ...

Economic update for the week ending January 25, 2020

27. January 2020 Economic Update 0
Stock markets lower for the week – After several weeks of steady gains, stocks declined moderately from all-time highs this week. The Dow Jones Industrial Average closed the week at 28,989.73, down 1.2% from 29,348.10 last week. It’s up 1.6% year to date. The S&P 500 closed the week at 3,295.47, down 1.0% from 3,329.62 last week. It’s up 2.0% year to date. The NASDAQ closed the week at 9,314.91, down ...

Economic update for the week ending August 17, 2019

Stocks drop for the third straight week –Stocks declined as recession fears increased after several economic indicators point to a global slowdown. President Trump announced that tariffs scheduled to begin in September would be pushed back to at least the middle of December, which helped the markets in an otherwise turbulent week.  The Dow Jones Industrial Average closed the ...

Economic update for the week ending May 31, 2019

Stock markets dropped for fourth straight week on trade war fears – Stocks dropped sharply this week as increased trade tensions with China led to a fourth straight week of losses. To make investors more depressed President Trump announced that he would take emergency powers and place a 5% tariff on all goods from Mexico beginning ...