Economic update for the week ending February 17, 2018

17. February 2018 Economic Update 0
Key index shows inflation picking up – The Labor Department reported on Wednesday that the Consumer Price Index rose 0.5% last month.  Economists had expected a 0.3% jump. Core CPI which strips out food and energy, as they tend to be more volatile, rose 0.3% in January. Although that was the largest month over month increase since last January the year over year ...

Economic update for the week ending December 9, 2017

14. December 2017 Economic Update 0
U.S. Economy adds 228,000 new jobs in November – The Labor Department reported that 228,000 net new jobs were added in November. That beat analysts expectations of 195,000 new jobs. The unemployment rate held at 4.1%, a 17 year low.  Average hourly wages rose just 2.5% from one year ago. Wage gains have been sluggish for several years. Experts had hoped that a tighter ...

Economic update for the week ending August 19, 2017

Stocks drop for second week – Political drama and a terrorist attack in Barcelona weighed on investors and were attributed by analysts as the cause of stocks to fall this week. Stocks are now off about 2% from their all time highs just two weeks ago. The Dow Jones Industrial Average ended the week at 21,674.51, down from ...

Economic update for the week ending July 29, 2017 

Stock markets mixed this week – The Dow was up as corporate earnings of DOW companies are beating expectations. The Nasdaq and S&P were unchanged. The Dow Jones Industrial Average ended the week at 21,830.21, up from 21,580.07 last week. The S&P 500 closed the week at 2,472.10, unchanged from its close last week of 2,472.55.   The NASDAQ closed the week  at ...

Economic update for the week ending May 27, 2017

Stock markets hit record highs this week – Stocks rose this week on rising oil prices, better results from retailers, and an upgraded revision in the first quarter GDP. Oil prices which dropped in 2015 and 2016 put pressure on energy stocks in the last couple years. This year they were rising before falling  in ...