Tag: Hawkish Fed

Markets Down Ahead of Thanksgiving Holiday – Weekly Update

November 21, 2022 | By Steven DiGregorio

The stock market edged lower last week as it digested a crosscurrent of conflicting economic data and contrasting comments from Fed officials. The Dow Jones Industrial Average was flat (-0.01%), while the Standard & Poor’s 500 declined by 0.69%. The Nasdaq Composite index lost 1.57% for the week. The MSCI EAFE index, which tracks developed […] READ MORE


Stocks Slip After Powell Comments – Weekly Update

November 7, 2022 | By Steven DiGregorio

Hawkish comments by Fed Chair Jerome Powell, following the announcement of another 75-basis points interest rate hike last week, cast a pall over financial markets, sending yields higher and stocks lower. The Dow Jones Industrial Average slipped 1.40%, while the Standard & Poor’s 500 declined 3.35%. The Nasdaq Composite index lost 5.65% for the week. […] READ MORE


Markets Upbeat, Despite Gloomy Inflation Talk – Weekly Update

September 12, 2022 | By Steven DiGregorio

In a holiday-shortened week of trading, stocks posted healthy gains despite more tough talk on monetary policy from Fed officials. The Dow Jones Industrial Average rose 2.66%, while the Standard & Poor’s 500 gained 3.65%. The Nasdaq Composite index picked up 4.14% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, […] READ MORE