#economy

SWS Market Update - Dow Jones Industrial Average hit lowest level since November 2020

The Dow Jones Industrial Average dropped to its lowest level since November 2020. The growing concern over the possibility of recession, inflation, and the war in Ukraine are weighing heavily on investors minds and the global markets. The S&P 500 dropped by 1.72% to close at 3693.23. The Dow Jones Industrial Average fell 1.62% to 29590.41 and the Nasdaq Composite lost 1.80% to 10867.93. Economic Reports S&P U.S. manufacturing PMI (flash) reported a slight increase in Septembe

SWS Market Update - U.S. stocks down for four of the last five weeks

U.S. stocks continued their decline on Friday as major corporations such as Goldman Sachs, General Electric and FedEx issued warnings this week, increasing investors fear of a recession. FedEx stated that there is decreasing decline and is closing offices as a result. Goldman Sachs Group is ready to eliminate jobs and General Electric said profits are being affected by the ongoing supply-chain issues. The S&P 500 fell by 0.72% to close at 3873.33 on Friday and was down 4.8% f

SWS Market Update - U.S. stocks continue their decline Friday, despite a positive August jobs report

The Labor Department released their August data showing that the U.S. economy added 315,000 jobs. Despite the positive jobs report, the major benchmark indexes continued their decline on Friday. The S&P 500 shed 1.1% to 3924.26, was down 3.3% for the week and has lost 8.3% over the last three weeks. The Dow Jones Industrial Average went down 1.1% to 31318.44 on Friday and was down 3% for the week. The Nasdaq Composite dropped 1.3% to close at 11630.86 and 4.2% for the week. E

SWS Market Update: U.S. stocks climbed on Thursday after earnings reports

After the release of earnings reports from major companies that were better-than-expected, U.S. stocks closed with gains on Thursday. The S&P 500 went up by 0.99% to close at 3998.95. The Dow Jones Industrial Average gained 0.51% to close at 32036.90 and the Nasdaq Composite climbed 1.36% to close at 12059.61. Economic Reports Initial jobless claims for the week ending July 16 increased from 244,000 to 251,000. Continuing jobless claims for the week ending July 9 climbed from

SWS Market Update - U.S. stocks climbed Friday after retail sales report

The major U.S. indexes rallied on Friday after retail sales reports showed sales increased higher than predicted in June. The markets had a turbulent week as investors were concerned with inflation reaching a forty year high as well as new data showing discouraging quarterly results from the largest U.S. banks. Despite Friday’s rally, all three benchmarks closed the week with losses. The S&P 500 climbed 1.92% to close at 3863.16 on Friday and was down 0.9% for the week. The D

SWS Market Update - June 29, 2022

The U.S. stocks had modest moves on Wednesday after quarterly reports from the first quarter showed a rough start to the year. The combination of inflation, the war in Ukraine, as well as the uncertainty of the global economy have weighed heavily in the first half of 2022. The S&P 500 is on track to having its worst first half in fifty years with the benchmark being down about 20%. The S&P 500 went down by 0.1% to close at 3818.83. The Dow Jones Industrial Average gained 0.3%

SWS Market Update - May 24, 2022

After Monday’s rally, the S&P 500 and the Nasdaq Composite fell by market close on Tuesday. Investors concerns over inflation, the economy, and the possibility of recession in combination with the new home sales report showing a drop in home sales in April weighed on the markets today. The S&P 500 slid 0.81% to 3941.38. The Nasdaq Composite went down 2.35% to 11264.45. The Dow Jones Industrial Average climbed 0.15% to close at 31928.62. Economic Reports S&P Global U.S. manufa

SWS Market Update - March 21, 2022

The major U.S. stock indexes closed lower on Monday after Federal Reserve Chairman Jerome Powell spoke at the NABE conference. Mr. Powell stated that the U.S. central bank is committed to combatting inflation and is prepared to raise interest rates by half-percentage-point intervals to achieve this. The S&P 500 went down by 0.04% to close at 4461.18. The Dow Jones Industrial Average fell by 0.58% to close at 34552.99 and the Nasdaq Composite dropped 0.40% to close at 13838.46

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