Weekly Economic Update for May 30, 2022

May 31, 2022Economic Update

In this week’s recap: Confidence in Fed helps spark market rally. Weekly Economic Update Presented by Rabenold Advisors, May 31, 2022 THE WEEK ON WALL STREET Stocks posted solid gains for the week, buoyed by the release of Fed meeting minutes and upbeat earnings from mid-size and discount retailers. The Dow Jones Industrial Average jumped … Read More

Weekly Economic Update for May 23, 2022

May 23, 2022Economic Update

In this week’s recap: Recession concerns rising. Weekly Economic Update Presented by Rabenold Advisors, May 23, 2022 THE WEEK ON WALL STREET Recession fears grew last week following weak earnings reports from major retailers, sending stocks lower. The Dow Jones Industrial Average fell 2.90%, while the Standard & Poor’s 500 lost 3.05%. The Nasdaq Composite … Read More

Weekly Economic Update for May 16, 2022

May 16, 2022Economic Update

In this week’s recap: Inflation takes center stage. Weekly Economic Update Presented by Rabenold Advisors, May 16, 2022 THE WEEK ON WALL STREET In a volatile trading week, stocks extended their losses as economic growth and inflation concerns soured investor sentiment. The Dow Jones Industrial Average dropped 2.14%, while the Standard & Poor’s 500 lost … Read More

Weekly Economic Update for May 9, 2022

May 9, 2022Economic Update

In this week’s recap: Tighter money policy; Market drops. Weekly Economic Update Presented by Rabenold Advisors, May 9, 2022 THE WEEK ON WALL STREET With the Fed in focus, the markets experienced wide price swings over the course of last week, as technology companies led the market lower. The Dow Jones Industrial Average slipped 0.24%, … Read More

Weekly Economic Update for May 2, 2022

May 3, 2022Economic Update

In this week’s recap: Economy slows; Stocks retreat. Weekly Economic Update Presented by Rabenold Advisors, May 2, 2022 THE WEEK ON WALL STREET On Friday, a sharp sell-off sent major stock market indices into negative territory for the week, capping a volatile close to April. The Dow Jones Industrial Average declined 2.47%, while the Standard … Read More