Market Week: August 23, 2021

The Markets (as of market close August 20, 2021) Stocks closed the week lower over concerns about the pace of global economic growth. China, the world’s second-largest economy, saw retail sales and industrial production slow as that country tries to contain the fallout from the latest resurgence in COVID cases. In addition, the minutes from…

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Market Week: August 16, 2021

The Markets (as of market close August 13, 2021) Stocks closed mostly higher last week, with only the Nasdaq unable to end in the black. The Dow and the S&P 500 each closed the week at record highs, buoyed by a strong corporate earnings season. Treasury yields finished the week where they began, crude oil…

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Market Week: August 9, 2021

The Markets (as of market close August 6, 2021) Stocks closed last week generally higher on the heels of a solid jobs report, which may have quelled worries that economic growth was slowing. Nevertheless, equity returns were volatile for much of the week, reflecting ongoing uncertainty as variant strains of the virus spread and concerns…

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Market Week: August 2, 2021

The Markets (as of market close July 30, 2021) Equities retreated last week despite strong corporate earnings data. European and Asian stocks slid following China’s regulatory crackdown aimed at large tech companies. Although corporate earnings generally have been solid, last Friday’s lower-than-expected earnings results from some heavily weighted megacaps may have caused some uncertainty about…

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Market Month: July 2021

The Markets (as of market close July 30, 2021) Stocks closed generally higher in July, despite a downturn at the end of the month. Second-quarter corporate earnings data was generally strong, although some megacap companies posted weaker-than-expected earnings results. Economic news was mostly favorable. The economy expanded at an annualized rate of 6.5%, 850,000 new…

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