Market Recap for Week of 5/11—5/15
The Dow had its’ first three-day losing streak since March to start the week. The S&P 500 hit all-time highs on Thursday and Friday, thanks to weakness in the U.S. dollar. Despite the record, it was a relatively tame week for stocks, as the...
While Federal Reserve Chairman Jerome Powell believes the U.S. economy is in good shape heading into the 2019 holiday season, top Wall Street firms beg to differ. Powell cited a strong labor market and consistent consumer spending as signs of a healthy economy, although the Fed’s move...
Following a week of turbulence and volatility, Wall Street got off to another slow start Monday thanks to the continued decline of oil prices.
As of 2 p.m., the Dow was down almost 100 points, as crude oil prices continued their decline—as low as $45.90 a barrel at one point.
Goldman...
The much anticipated jobs report for August came out today and the results marked another set of disappointing figures. Payrolls grew just 151,000 compared with expectations for 180,000. Job quality was also weak and salary growth slowed, and if it wasn't for a government hiring spree, the news would...
With just one week to go before the Federal Reserve is expected to raise interest rates for the 1st time since June of 2006s, global stocks faced another down day today as the price of oil dropped again and metals lagged. The Dow finished down over 161 points.
According a...
Wall Street’s markets have been in full-fledged panic mode since yesterday morning. The Dow shed 1.3% on Tuesday, and dropped another 1% at the start of trading Wednesday. Presidential candidate Donald Trump was quoted as saying the potential fallout could ‘devastate’ the United States.
It’s all a reaction to a series...
The last few days of the first quarter were a microcosm of the first few months of 2015—wild, day-by-day volatility that ultimately resulted in stocks staying close to level. As the second quarter began on Wednesday, jobs reports and concerns over the upcoming earnings season swayed the market…
Monday the...
Falling oil prices put a drag on the stock market for the first day of August. Oil prices closed 3.7% lower at $40.06 per barrel after briefly dropping below $40. The big topic over the weekend was whether the Glass-Steagall Act should be brought back and if so, what...
U.S. stocks were mixed on Wednesday, as investors and experts looked towards data points for an indication of when to expect an interest rate hike.
For weeks, Wall Street’s conventional wisdom has held that the first interest rate hike in nearly a decade will occur in 2015—but not likely before...
A new bill was passed in the House this month that aimed at preventing Federal regulators from establishing new rules on Wall Street to increase accountability on the professionals that manage retirement savings.
The bill, titled the Retail Investor Protection Act, was created in response to the Department of Labor(DOL)’s...
