Tag: GDP

Stocks Sag on Downbeat Economic Indicators – Weekly Update

June 3, 2024 | By Steven DiGregorio

Stocks edged lower in the final week of May as fresh news on economic growth and inflation failed to inspire investors. Stocks Slide Markets shrugged off news that the Q1 Gross Domestic Product was revised lower to 1.3 percent from the initial estimated 1.6 percent. Despite concerns that the economy was cooling faster than expected, […] READ MORE


Excitement Around Big Tech Continues – Weekly Update

January 29, 2024 | By Steven DiGregorio

Stocks continued their upward climb last week as excitement around big tech continued; positive economic reports stoked investors’ belief that the Federal Reserve has pulled off a soft landing. Stocks Power Ahead Big tech was back last week, pushing the Dow and the S&P 500 to new highs early in the week as markets resumed […] READ MORE


Economy Continues Upward Trend – Weekly Update

July 3, 2023 | By Steven DiGregorio

Stocks posted gains for the week to close out a stellar month, aided by positive economic data and reports that all major banks had passed the Federal Reserve’s annual stress test. The Dow Jones Industrial Average gained 2.02%, while the Standard & Poor’s 500 rose 2.35%. The Nasdaq Composite index added 2.19%. The MSCI EAFE […] READ MORE


Stocks Rally As Attention Shifts to Fed’s May Meeting – Weekly Update

May 1, 2023 | By Steven DiGregorio

Strong earnings from several mega-cap technology companies offset renewed regional banking jitters and weak economic data, leaving stocks higher for the week. The Dow Jones Industrial Average gained 0.86%, while the Standard & Poor’s 500 added 0.87%. The Nasdaq Composite index rose 1.28% for the week. The MSCI EAFE index, which tracks developed overseas stock […] READ MORE


Stocks Rally Despite Mixed Data – Weekly Update

July 11, 2022 | By Steven DiGregorio

Stocks Move Higher In advance of Friday’s much-anticipated employment report, stocks enjoyed successive daily gains despite ongoing concerns about a recession. Recession fears were supported by an inversion in the yield curve and updated second-quarter Gross Domestic Product projections indicating the economy is ready to contract. Technology shares were the week’s big winners as investors […] READ MORE


Economy Slows; Stocks Retreat – Weekly Update

May 2, 2022 | By Steven DiGregorio

Stocks Slide Trading was volatile in the final week of April as investors struggled with the crosscurrents of global economic growth anxieties stemming from widening COVID-related lockdowns in China and a fresh batch of corporate earnings reports. Monday set the tone for the week. Stocks staged an intraday reversal, wiping out a deep morning decline […] READ MORE


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