The Blog

On Friday, October 2, financial markets were unsettled by news that President Trump and the First Lady had tested positive for coronavirus. They also were concerned about the U.S. employment report. Economists expected that 850,000 new jobs in September. Instead,...

A summary of financial and economic news from last week The tech-heavy Nasdaq Composite moved higher last week, while the Standard & Poor’s 500 index and Dow Jones Industrial Average moved lower. “Worries over rising coronavirus cases and waning hopes of more...

A summary of financial, economic, and other news Major U.S. stock indices have fallen for three consecutive weeks. The downturn may continue reported Randall Forsyth of Barron’s,  “…major investors may have to rebalance portfolios, paring stocks after the...

A summary of financial, economic, and other news Friday was the 9/11 National Day of Service and Remembrance. Some long-standing traditions were modified because of the coronavirus pandemic. Major U.S. stock indices finished the week lower. “Following the fastest 10%...

At the close on Friday, major U.S. stock indices were lower. The S&P 500 finished down 2.3 percent for the week, the Dow dropped 1.8%, and the Nasdaq gave back 3.3%. The market may be uncomfortably volatile until election results have been tabulated, which may...

U.S. stock markets moved higher last week. The Dow Jones Industrial Average pushed into positive territory for the year. Other major U.S. indices also finished the week with gains. “The S&P 500, which closed above 3,500 on Friday for the first time, is about to...

Congratulations! You’ve lived through the shortest bear market ever.  “Measured from the benchmark’s previous record high on Feb. 19 to its trough on March 23, the pandemic-induced bear market lasted a mere 33 days, compared to the median age of 302 days of 20 bear...

The Standard & Poor’s 500 Index flirted with its February high last week. The Index erased double-digit losses in just 175 days, Historically, it has taken about four years for U.S. stocks to recover after a drop of 20% or more. “Since bottoming in March, the...

A summary of financial, economic, and other news The Standard & Poor’s 500 Index moved higher last week. Company earnings were better than anticipated but remained in negative territory. Nobel-prize winning economist Paul Krugman commented, “It’s very hard to...