Tag: Unemployment

Markets React to Election- Weekly Update

November 9, 2020 | By Steven DiGregorio

The Week on Wall Street  Stocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big technology companies. The Dow Jones Industrial Average jumped 6.87%, while the Standard & Poor’s 500 tacked on 7.32%. The Nasdaq Composite index surged 9.01% for […] READ MORE


No Stimulus, Stocks Lag- Weekly Update

November 2, 2020 | By Steven DiGregorio

The Week on Wall Street Stock prices dropped last week as hopes for a fiscal stimulus bill faded, investors focused on rising COVID-19 infections, and volatility rose approaching U.S. elections. The Dow Jones Industrial Average slid 6.47%, while the Standard & Poor’s 500 tumbled 5.64%. The Nasdaq Composite index lost 5.51% for the week. The […] READ MORE


Earnings Season Winds Down – Weekly Update

August 10, 2020 | By Steven DiGregorio

The Week on Wall Street Overlooking stalled efforts by Congress to pass a new fiscal stimulus bill, stocks marched higher last week with the Dow Jones Industrials leading the way and the NASDAQ Composite setting multiple fresh record highs. The Dow Jones Industrial Average gained 3.80%, while the Standard & Poor’s 500 rose by 2.45%. […] READ MORE


Optimism for Re-Opening – Weekly Update

June 1, 2020 | By Steven DiGregorio

The Week on Wall Street The shortened week, which began with a powerful two-day rally of trading, was enough to drive the markets into another week of solid gains. The Dow Jones Industrial Average rose 3.75%, while the Standard & Poor’s 500 advanced 3.01%. The Nasdaq Composite Index climbed 1.77% for the week. The MSCI […] READ MORE


Jobs Down, Stocks Up – Weekly Update

May 11, 2020 | By Steven DiGregorio

The Week on Wall Street Despite a historic downturn in employment, stocks managed to climb higher last week as investors were emboldened by the pace of economic re-openings, both here and abroad. The Dow Jones Industrial Average gained 2.56%, while the Standard & Poor’s 500 advanced 3.50%. The Nasdaq Composite Index jumped 6.00% for the […] READ MORE


Congress Approves Stimulus – Weekly Update

March 30, 2020 | By Steven DiGregorio

An open-ended commitment by the Federal Reserve to support American businesses and capital markets along with the passage of a $2 trillion aid package improved investor sentiment and drove a strong rally in stock prices. The Dow Jones Industrial Average jumped 12.84%, while the Standard & Poor’s 500 gained 10.26%. The Nasdaq Composite index rose […] READ MORE


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