Weekly Economic Update for June 27, 2022

June 27, 2022Economic Update

In this week’s recap: Stocks rally, despite recession concerns. Weekly Economic Update Presented by Rabenold Advisors, June 27, 2022 THE WEEK ON WALL STREET Prospects of cooling inflation powered a rally in stock prices last week despite growing recession concerns. The Dow Jones Industrial Average gained 5.39%, while the Standard & Poor’s 500 climbed 6.45%. … Read More

Weekly Economic Update for June 20, 2022

June 21, 2022Economic Update

In this week’s recap: Fed rate hike triggers market dip. Weekly Economic Update Presented by Rabenold Advisors, June 21, 2022 THE WEEK ON WALL STREET Stocks moved lower last week as recession fears deepened following a Fed hike in interest rates and weak economic data. The Dow Jones Industrial Average fell 4.79%, while the Standard … Read More

Weekly Economic Update for June 13, 2022

June 13, 2022Economic Update

In this week’s recap: Stocks dip on inflation report. Weekly Economic Update Presented by Rabenold Advisors, June 13, 2022 THE WEEK ON WALL STREET A higher-than-expected inflation report triggered a sell-off on Friday, leaving stocks in the red for the week. The Dow Jones Industrial Average lost 4.58%, while the Standard & Poor’s 500 dropped … Read More

Weekly Economic Update for June 6, 2022

June 6, 2022Economic Update

In this week’s recap: Stocks slip on mixed economic news. Weekly Economic Update Presented by Rabenold Advisors, June 6, 2022 THE WEEK ON WALL STREET In a holiday-shortened week of volatile trading, stocks surrendered some of the previous week’s strong gains. The Dow Jones Industrial Average fell 0.94%, while the Standard & Poor’s 500 declined … Read More