Markets React Positively to Upbeat Economic Data

In this week’s sitrep: despite continued COVID-19 concerns, markets react positively to upbeat economic data.   THE WEEK ON WALL STREET In a holiday-shortened week, stock prices turned higher as encouraging economic data outweighed an increase in COVID-19 cases and a rollback in economic re-openings. The Dow Jones Industrial Average rose 3.25%, while the Standard…

Rise in COVID-19 Cases Taps Breaks on Economic Recovery

In this week’s sitrep: a rise in COVID-19 cases inspires turbulence in markets, tapping the brakes on economic recovery.   THE WEEK ON WALL STREET A jump in COVID-19 cases dampened investor enthusiasm last week, sending stock prices lower on worries that rising infections could derail the economic recovery. The Dow Jones Industrial Average slumped…

U.S. Economy Gains Momentum

In this week’s sitrep: as fears of economic shutdown diminish, the U.S. economy gains momentum.   THE WEEK ON WALL STREET Stocks moved higher last week on news of more Federal Reserve market support and diminished concerns that new COVID-19 cases might lead to another economic shutdown. The Dow Jones Industrial Average rose 1.04%, while…

Potential Second Wave Weighs on Markets

In this week’s sitrep: increase in COVID-19 cases, matched with downbeat Federal Reserve forecast, weighed on markets.   THE WEEK ON WALL STREET Investor sentiment turned negative last week, amid an increasing number of COVID-19 cases in states where re-opening has been underway as well as a subdued economic forecast from the Federal Reserve. The…