Weekly Market Recap – June 5, 2020 In the Markets On Thursday, the European Central Bank boosted its Pandemic Emergency Purchase Program by €600 billion ($676 billion). This additional bond-buying stimulus brings the total to €1.35 trillion ($1.53 trillion), and the plan is being extended to June 2121. The euro soared to $1.135 on the

Weekly Market Recap – May 29, 2020 In the Markets Restrictions have been easing in major US cities, and businesses are coming back, though worldwide coronavirus cases hit 6 million. On Thursday, the labor department reported 2.1 new jobless claims; one in every four American workers, more than 40 million, have filed for unemployment since

Weekly Market Recap – May 22, 2020 In the Markets With 2.4 million new unemployment claims this week, bringing the total to 38.6 million since mid-March, this gauge of joblessness would look like a flattening curve on a graph. This aspect of the data contributed to investor confidence in the stock market. Another positive impetus

Weekly Market Recap – May 15, 2020 In the Markets Stock market investors pushed the indices lower this past week, due to a combination of pandemic news, a rekindled US-China trade war campaign and more negative economic data. Retail sales plunged 16.4% in April (worse than the expected 12% setback), registering the largest drop since

Weekly Market Recap – May 8, 2020 In the Markets This week’s statistics gave investors another snapshot of stresses in the economy and society, as a whole. The Department of Commerce reported that the US trade gap rose to $44.4 billion in March, wider than February’s gap of $39.8 billion. According to the Federal Reserve,

Weekly Market Recap – May 1, 2020 In the Markets Early last week, some businesses across the nation began the process of opening their doors again, adding to investor confidence which was also bolstered by encouraging news about Remdesivir trials.  On Wednesday, the commerce department reported that the gross domestic product contracted 4.8% in Q1.

Weekly Market Recap – April 24, 2020 In the Markets This week, the trading markets absorbed Thursday\\\’s labor department report of 4.4 million jobless claims, a number lower than the three previous weekly releases. This brings the total claims reported in April to 23.1 million. In other Coronavirus related news, more economic stimulus legislation was

Weekly Market Recap – April 17, 2020 In the Markets Pandemic news has been the primary fundamental factor in global capital markets since February. As the data has begun showing COVID-19’s curves flattening, investors have been reacting more positively. Recent market action continued the uptrend as stock indexes posted strong gains for a second consecutive

Weekly Market Recap – April 9, 2020 In the Markets COVID-19’s spread has led to 16.8 million job losses in the past three weeks. Thursday’s statistic of 6.6 million new unemployment claims was already “in the market” when the figure was released that day. Later that afternoon the Federal Reserve announced a plan for a

Weekly Market Recap – April 3, 2020 In the Markets Last week ended the first quarter of 2020; hence, our weekly recap highlights many of the Q1 statistics. The Dow Jones Industrial Average of 30 companies ended the quarter at 21052.53, down 23.2% the period (-2.7% for the week ending April 3rd). The spot S&P