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 ...

Economic update for the month ending April 30, 2017

Stocks markets rise in April –  Stocks declined in the first two weeks of the month after disappointing March job gains, a decline in the pace of wage gains, lower retail sales, and a decline in the CPI rate were announced. Stocks rallied in the final week of April as first quarter earnings that beat expectations ...

Economic update for the week ending August 20, 2016

Stocks flat for the week – The Dow Jones Industrial Average, S&P 500, and the NASDAQ reached all-time highs on Monday, before losing ground and ended the week almost unchanged. Oil strengthened which could help oil producing regions, and the dollar softened which could be good for exports if these trends continue. The Federal Reserve ...

Economic update for the week ending August 6, 2016

Employers add 255,000 new jobs in July – The Bureau of Labor Statistics reported that U.S. employers added 255,000 net new jobs in July. Expectations were in the 180,000 new jobs range. Job gains had stalled out in the beginning of the year, bottoming out in May when only 24,000 new jobs were created, the ...

Economic update for the week ending April 9, 2016

Stocks down for the week – This week several Fed members as well as Fed chairperson, Janet Yellen, made statements about interest rate policy. They stated that rates will rise much slower than previously expected due to more uncertainty in the economy. This helped to weaken the value of the dollar which is good for manufacturers ...