Economy

Presented by Nicholas Wealth Management October 11th, 2021   Weekly Market Update In this week’s recap: Debt ceiling raised until December; employment numbers paint confusing picture. The overhang of bumping against the federal debt ceiling was lifted last week with an agreement to extend the debt ceiling through early December, helping propel stocks to a…

Presented by Nicholas Wealth Management October 4th, 2021   Weekly Market Update In this week’s recap: Stalemate in the Capitol; Powell says inflation may stay longer than expected. Higher bond yields and a legislative stalemate in Washington, D.C., added up to losses for the week. The Dow Jones Industrial Average declined 1.36%, while the Standard…

Presented by Nicholas Wealth Management September 27th, 2021   Weekly Market Update In this week’s recap: Financial contagion concerns and a positive word from the Fed bookend a wild week. Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement. The Dow Jones…

Presented by Nicholas Wealth Management September 20th , 2021   Weekly Market Update In this week’s recap: Despite signs of a good economy, stocks have a lackluster week. Stocks weakened ahead of this week’s Federal Reserve meeting and amid persistent concerns about the Delta variant’s impact on the economy. The Dow Jones Industrial Average was…

Presented by Nicholas Wealth Management September 13th , 2021   Weekly Market Update In this week’s recap: Delta variant continues to concern the markets; labor market shows positive signs. In a quiet week of news, stocks moved lower amid simmering concerns over the Delta variant’s effect on the progress of economic reopening. The Dow Jones…

Presented by Nicholas Wealth Management September 6th , 2021   Weekly Market Update In this week’s recap: Stocks mixed as U.S. copes with economic data and Delta variant. Stocks were mixed last week amid conflicting economic data and continued spread of Delta variant infections. The Dow Jones Industrial Average slipped 0.24% during the five trading…

Presented by Nicholas Wealth Management August 30th , 2021   Weekly Market Update In this week’s recap: Federal Reserve says tapering likely in 2021, but no interest rate hikes for now. The stock market powered to record levels last week amid talk of Fed tapering and a deceleration in new Delta variant cases. The Dow Jones…

Presented by Nicholas Wealth Management August 23rd , 2021   Weekly Market Update In this week’s recap: A Fed taper may loom; economic data mixed. Stocks turned lower last week amid the increasing probability of a Fed tapering, mixed economic data, and growing concerns about the economic impact of the Delta variant. The Dow Jones…

Presented by Nicholas Wealth Management August 16th , 2021   Weekly Market Update In this week’s recap: Passage of infrastructure bill in Senate boosts DJIA and S&P; Nasdaq stays flat. Looking past inflation figures and Delta variant trends, stocks last week found a way to climb higher and set fresh record highs in the process.…