Mid-Week Market Minute 10.20.21
Stocks edged higher this week as investors were encouraged by strong corporate earnings while keeping an eye on inflation and economic growth. The economic recovery has been challenged by price pressures, rising energy costs, global supply-chain bottlenecks, and an impending reduction in central bank support. After dropping 4.8% in September, the S&P 500 has added […]
Marfket Recap – Week Ending 10.15.21
Overview: Stocks were higher around the world last week as strong earnings in the U.S. and improving COVID-19 numbers encouraged investors. Financial and healthcare companies started the third-quarter earnings season strong, and economic data was generally positive. COVID-19 cases continue to trend downward, with the New York Times reporting the seven-day average for new cases […]
Mid-Week Market Minute 10.13.21
Stock markets in the U.S. dropped for a fourth consecutive trading day mid-week, as investors evaluate jobs and inflation reports and monitor the progress of fiscal stimulus. Last Friday’s jobs report came in weaker than expected, with total nonfarm payrolls increasing by 194,000 in September, down 17% from August and far below economist projections for […]
Market Recap – Week Ending 10.08.21
Overview: Global stocks were higher last week, finishing the week with a strong rebound, after a short-term deal to raise the debt ceiling allayed investor concerns and beat the Oct. 18 deadline. In the U.S., the S&P 500 index ended the week 0.8% higher, while international stocks followed suit. The economic focus was on the […]
Mid-Week Market Minute 10.06.21
Volatility persisted this week as members of Congress continue to debate the stimulus bills. With the deadline for raising the debt ceiling (Oct. 18) quickly approaching, markets are ripe with uncertainty. This, combined with heightened inflation concerns, slowing growth, and the prospect of reduced monetary stimulus has exasperated market volatility. Benchmark equity indices traded lower, […]