Sep 29, 2022 | Investments
Investors fled for the exits on Friday, driving a selloff in both stocks and bonds to cap a brutal week, as the market transitioned quickly from worrying about stubbornly high inflation to a sense of rising alarm over the Federal Reserve’s aggressive tightening...
Sep 11, 2022 | Investments
U.S. stocks rallied on Friday and major indexes snapped a three-week losing streak as investors continue to factor in the expectation for higher interest rates just around the corner. All 11 sectors in the S&P 500 closed in the green for the week, with the...
Sep 4, 2022 | Investments
Hiring slowed sharply in August but remained sturdy as employers added 315,000 jobs despite softer consumer spending gains, rising interest rates and a sputtering economy. The unemployment rate rose from 3.5% to 3.7%. In his speech at an annual symposium in Jackson...
Aug 14, 2022 | Investments
July’s CPI (Consumer Price Index) reading of 8.5%, a significant drop from June’s number of 9.1% coupled with surge in consumer confidence injected euphoria into the markets. With first signs of decline in inflation, the Fed must rethink its quantitative tightening...
Jul 24, 2022 | Investments
Despite weak results from the tech sector, the S&P 500 Index and Dow Jones Industrial Average posted their biggest weekly gain in a month, while the Nasdaq notched its largest advance since July 8. But, the economy is putting out mixed vibes. One day, an indicator...
Jul 10, 2022 | Investments
The Jobs report released on Friday showed that the U.S. economy added a stronger than expected 372,000 jobs in June, and the unemployment rate held steady at a healthy 3.6%, giving the Fed no reason to deviate from its plan for aggressive rate hikes. Investors may...
