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In this week’s recap: solid gains for U.S. equities, a second shutdown avoided, and interesting developments regarding inflation and retail sales. THE WEEK ON WALL STREET Stocks ended a good week on a high note, as hints of progress in U.S.-China trade talks encouraged investors. When the closing bell rang Friday, the S&P 500 settled at 2,775.60, after r … [Read more...] about Market Update (February 18th, 2019)

In this week’s recap: minor gains for major stock indices, a March deadline looms for U.S.-China trade talks and good news about the service industry. THE WEEK ON WALL STREET Major U.S. stock benchmarks eked out slight gains last week, with corporate profit reports and news about U.S.-China trade negotiations vying for investor attention over five trading sessions. … [Read more...] about Market Update (February 11th, 2019)

In this week’s recap: a hiring surge, a noteworthy remark from Jerome Powell, a dip for a respected household confidence index, and gains on Wall Street. February BEGINS WITH SOME EXCELLENT ECONOMIC DATA Payrolls swelled with 304,000 net new jobs last month, according to the Department of Labor’s February employment report. (A Bloomberg survey of economists had pro … [Read more...] about Market Update (February 4th, 2019)

In this week’s recap: home sales slip, the Fed may be discussing an end date for its balance sheet reduction, leading indicators flash weaker signals, and equities continue to climb. HOME SALES QUICKLY FALTER Seldom do existing home sales fall 6.4% in a month, but that was what happened in December. National Association of Realtors economist Laurence Yun called the d … [Read more...] about Market Update (January 28th, 2019)