Weekly Economic Update for August 29, 2022

August 29, 2022Economic Update

In this week’s recap: Powell comments spur sell-off on Wall Street. Weekly Economic Update Presented by Rabenold Advisors, August 29, 2022 THE WEEK ON WALL STREET 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 … Read More

Weekly Economic Update for August 22, 2022

August 22, 2022Economic Update

In this week’s recap: Markets tap brakes, but hold fast against downbeat news. Weekly Economic Update Presented by Rabenold Advisors, August 22, 2022 THE WEEK ON WALL STREET 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 … Read More

Weekly Economic Update for August 15, 2022

August 15, 2022Economic Update

In this week’s recap: Stocks have a warmer week as inflation cools. Weekly Economic Update Presented by Rabenold Advisors, August 15, 2022 THE WEEK ON WALL STREET An improving inflation outlook buoyed investors’ spirits last week, helping lift stocks to solid gains. The Dow Jones Industrial Average advanced 2.92%, while the Standard & Poor’s 500 … Read More

Weekly Economic Update for August 8, 2022

August 8, 2022Economic Update

In this week’s recap: Mixed week for markets; jobs on the rise. Weekly Economic Update Presented by Rabenold Advisors, August 8, 2022 THE WEEK ON WALL STREET Stocks turned in a mixed performance last week as investors struggled with headlines suggesting that the Fed was unlikely to soon ease up on its current monetary tightening … Read More

Weekly Economic Update for August 1, 2022

August 1, 2022Economic Update

In this week’s recap: Markets rally; earnings better than expected. Weekly Economic Update Presented by Rabenold Advisors August 1, 2022 THE WEEK ON WALL STREET Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings. The Dow Jones Industrial Average increased 2.97%, while … Read More