Tag: Jackson Hole

Powell comments spur sell-off on Wall Street – Weekly Update

August 29, 2022 | By Steven DiGregorio

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 index fell 4.44% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, lost 1.10%.1,2,3 […] READ MORE


Markets Tap Brakes, But Hold Fast Against Downbeat News – Weekly Update

August 22, 2022 | By Steven DiGregorio

Stocks tumbled on Friday, sending stocks to a weekly loss after an otherwise quiet August week of trading. The Dow Jones Industrial Average slipped -0.16%, while the Standard & Poor’s 500 lost 1.21%. The Nasdaq Composite index declined 2.62% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, fell 0.88%. 1,2,3 […] READ MORE