Tag: Debt Ceiling

Debt Deal Relieves Market Worries – Weekly Update

June 5, 2023 | By Steven DiGregorio

Stocks surged higher in the closing days of a holiday-shortened trading week, ignited by a political resolution on raising the debt ceiling and a strong employment report. The Dow Jones Industrial Average rose 2.02%, while the Standard & Poor’s 500 advanced 1.83%. The Nasdaq Composite index gained 2.04% for the week. The MSCI EAFE index, […] READ MORE


Debt Talks Optimism Keeps Eyes on D.C. – Weekly Update

May 30, 2023 | By Steven DiGregorio

Markets moved in sync last week with perceived movement in debt ceiling talks, weakening early in the week and then surging on news of progress. A solid quarterly report and guidance from a mega-cap technology company helped with enthusiasm. Overall, the markets were mixed, with the Dow Jones Industrial Average down 1.00%, while the Standard […] READ MORE


Despite Stall, Debt Deal Optimism Cheers Markets – Weekly Update

May 22, 2023 | By Steven DiGregorio

Stocks rallied last week, propelled by growing optimism over reaching a deal on raising the debt ceiling and avoiding a technical debt default by the U.S. The Dow Jones Industrial Average edged 0.38% higher, while the Standard & Poor’s 500 gained 1.65%. The Nasdaq Composite index advanced 3.04% for the week. The MSCI EAFE index, […] READ MORE


Attention Turns to the Debt Ceiling – Weekly Update

May 15, 2023 | By Steven DiGregorio

Stocks were mixed last week as good inflation news was offset by mounting debt ceiling concerns and rekindled regional banking fears. The Dow Jones Industrial Average lost 1.11%, while the Standard & Poor’s 500 slipped 0.29%. The Nasdaq Composite index rose 0.40% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, […] READ MORE


Friday Rally Trims Losses; CPI Report Next Week – Weekly Update

May 8, 2023 | By Steven DiGregorio

A Friday rebound, triggered by a big tech company’s earnings beat and a strong jobs report, shaved much of the week’s accumulated losses. The Dow Jones Industrial Average fell 1.24%, while the Standard & Poor’s 500 lost 0.80%. The Nasdaq Composite Index was flat (+0.07%) for the week. The MSCI EAFE index, which tracks developed […] READ MORE


Debt Ceiling Raised – Weekly Update

October 11, 2021 | By Steven DiGregorio

Debt Ceiling Concerns Evaporate, for Now After suffering losses on concerns over delays with raising the federal debt ceiling, stocks rebounded as the Senate moved toward finalizing a debt ceiling agreement. While the agreement is only a short-term solution, it was enough to embolden investors to buy stocks. The week’s rally ran out of gas […] READ MORE


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