In this week’s recap: Fed talks turkey on lower rates, boosting markets. Weekly Economic Update Presented by Rabenold Advisors, November 28, 2022 THE WEEK ON WALL STREET Growing optimism that the Fed may be ready to ease future interest rate hikes sent stocks higher in a quiet trading week. The Dow Jones Industrial Average gained … Read More
In this week’s recap: Markets down ahead of Thanksgiving holiday. Weekly Economic Update Presented by Rabenold Advisors, November 21, 2022 THE WEEK ON WALL STREET The stock market edged lower last week as it digested a crosscurrent of conflicting economic data and contrasting comments from Fed officials. The Dow Jones Industrial Average was flat (-0.01%), … Read More
In this week’s recap: Cooling inflation brings market gains. Weekly Economic Update Presented by Rabenold Advisors, Inc., November 14, 2022 THE WEEK ON WALL STREET A cooling inflation number ignited a powerful rally on Thursday, sending stocks to strong gains for the week. The Dow Jones Industrial Average gained 4.15%, while the Standard & Poor’s … Read More
In this week’s recap: Stocks slip after Powell comments. Weekly Economic Update Presented by Rabenold Advisors, November 7, 2022 THE WEEK ON WALL STREET Hawkish comments by Fed Chair Jerome Powell, following the announcement of another 75 basis points interest rate hike last week, cast a pall over financial markets, sending yields higher and stocks … Read More
In this week’s recap: Plenty of treats for Wall Street this week. Weekly Economic Update Presented by Rabenold Advisors, October 31, 2022 THE WEEK ON WALL STREET Stocks overcame poor earnings results from some of America’s largest companies to post gains last week as investors cheered positive earnings surprises, easing inflation and a rebound in … Read More