Stubborn doesn’t seem like a strong enough word, but that’s how Fed officials are describing inflation. Inflation's “stubbornness” has been on full display in recent weeks: First, the Producer Price Index (PPI) showed that costs remain higRead More
In an effort to improve our communication and service, we hope that you find our blog informative and entertaining. These short, breezy posts will keep you up-to-date on the markets, as well as on some other interesting, but not necessarily market-related, information. Check back frequently so that you don’t miss any of these posts!
A comprehensive sell-off on Friday following comments by Fed Chair Jerome Powell drove stocks to losses for the week.The Dow Jones Industrial Average tumbled 4.22%, while the Standard & Poor's 500 dropped 4.04%. The Nasdaq Composite...Read More
Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings.The Dow Jones Industrial Average increased 2.97%, while the Standard & Poor’s 500...Read More
Stocks moved lower last week as recession fears deepened following a Fed hike in interest rates and weak economic data.The Dow Jones Industrial Average fell 4.79%, while the Standard & Poor’s 500 dropped 5.79%. The Nasdaq...Read More
Stocks posted solid gains for the week, buoyed by the release of Fed meeting minutes and upbeat earnings from mid-size and discount retailers.The Dow Jones Industrial Average jumped 6.24%, while the Standard & Poor’s 500 advanced...Read More