Powell Reports to Congress; Gains in Retail Sales and Sentiment

In this week’s sitrep: stock indexes rise, Jerome Powell reports on monetary policy to Congress, inflation hits a 15-month peak, and new data on retail sales and consumer sentiment appears.   THE WEEK ON WALL STREET Daily headlines about the coronavirus had little impact on stock market averages last week. Earnings and mergers had more…

Stocks Advance on Positive Economic Data; China To Reduce Tariffs

In this week’s sitrep: stocks rally, China schedules tariff cuts, January hiring tops expectations, and a key gauge of manufacturing activity improves.   THE WEEK ON WALL STREET Stocks advanced four days out of five during the past market week, erasing the losses of the week before. The Nasdaq Composite surged 4.04%, the S&P 500…

Coronavirus Concerns Affect Markets; First 2019Q4 GDP Estimate Released

In this week’s sitrep: coronavirus concerns ripple through global stock markets; the Fed makes a slight monetary policy adjustment; consumer confidence rises; the government makes its first estimate of fourth-quarter growth.   THE WEEK ON WALL STREET Stock benchmarks declined for a second straight week as coronavirus news tempered risk appetite. The S&P 500 fell…

Coronavirus Reaches America; Home Sales Increase

Weekly Market Sitrep: January 27, 2020 In this week’s sitrep: stock and commodity traders turn cautious as the coronavirus reaches America; home sales increase even with the current housing market’s slim inventory.   THE WEEK ON WALL STREET Stock prices fell last week as investors considered the potential health and economic risks of the flu-like…