After a disappointing employment report, two labor market reports last week appeared to show that the labor market recovery appeared intact.
Weekly Economic Update
With a number of Regional Federal Reserve Bank presidents already supportive of tapering, investors may see more definitive steps coming out of next month’s FOMC (Federal Open Market Committee) meeting.
Weekly Economic Update
In this week’s recap: A Fed taper may loom; economic data mixed. Presented by The PensionmarkMeridien Team 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 1.11%, while the Standard & Poor’s 500 lost 0.59%. The Nasdaq Composite index slipped 0.73%. … Read More
August’s Monthly Economic Update
In this month’s recap: Stocks notched a solid gain as investors looked past higher inflation and new COVID-19 cases. Presented by The PensionmarkMeridien Team U.S. MARKETS Last month, the stock market posted a solid gain, overcoming investors’ fears of higher inflation and an increase in COVID-19 cases. The Dow Jones Industrial Average picked up 1.25 percent, while the Standard & Poor’s 500 Index gained 2.27 percent. The Nasdaq lagged, climbing … Read More
Quarter 2 Economic Update
In this month’s recap: Stocks traded in a narrow range as technology and other high-valuation companies were under selling pressure
June Economic Update
In this month’s recap: Stocks traded in a narrow range as technology and other high-valuation companies were under selling pressure
July Economic Update
In this month’s recap: Stocks moved higher as investors looked past accelerating inflation and the Fed’s pivot on monetary policy.
May Economic Update
In this month’s recap: Stocks notched a solid gain, fueled by a succession of positive economic reports and a strong start to the first-quarter earnings season.