Jan 28, 2024 | Wealth Management
This week provided more proof that the US economy is steaming ahead. Economic growth in the fourth quarter trounced forecasts and gross domestic product increased 2.5% for the year. On Friday, there was even more good news for the US on the inflation front. The...
Jan 14, 2024 | Wealth Management
Stocks mostly fell Friday but edged higher for the week, as traders examined the first batch of fourth quarter earnings and a pair of closely watched inflation reports. An unexpected downtick in producer price inflation provided a source of optimism, although this was...
Dec 10, 2023 | Wealth Management
Stocks closed higher Friday following a strong monthly jobs report to clinch a sixth straight week of gains, with the S&P 500 and Nasdaq Composite hitting their highest closing levels since early 2022. More broadly, the drop in the unemployment rate to 3.7%...
Dec 3, 2023 | Wealth Management
Stocks pushed higher Friday, with the S&P 500 and Dow Jones indexes recording their highest levels in more than a year, after Federal Reserve Chair Jerome Powell supported the market consensus view that key interest rates have peaked. The three major stock market...
Nov 12, 2023 | Wealth Management
It’s been quite a journey for the US economy over the past several years, from pandemic supply chain upheaval to the Federal Reserve’s battle against inflation. Consumers have kept spending, and the job market has proven perpetually robust, with predictions of...
Oct 22, 2023 | Wealth Management
Stocks ended their worst week in a month with more losses Friday, marking the third straight daily loss for the Dow Jones average and the fourth for the S&P 500, weighed by spiking Treasury yields and concerns that Israel’s conflict with Hamas could escalate...
