Economic Updates

April 3, 2023
Banking Crisis Fears Dim; Markets Rally Presented by Crossroads Financial Advisors Stocks rallied last week on receding fears of a widening banking crisis, led by resurging investor interest in technology and communication services names. The Dow Jones Industrial...
March 27, 2023
Mixed Message Provokes Volatility Presented by Crossroads Financial Advisors Modest gains in major market indices masked sharp volatility amid the uncertainty arising from mixed messages emanating from public officials and revived banking fears. The Dow Jones...
March 20, 2023
Markets Cautious After Banking Woes; Awaiting Fed Reaction Presented by Crossroads Financial Advisors Amid the reverberations of two U.S. banks being taken over by regulators and the spread of uncertainty to European banks, stocks trended higher last week on the...
March 13, 2023
Stocks tumbled last week as investors reconsidered their interest rate expectations after Fed Chair Powell’s Congressional testimony that rates may need to go higher. Stocks also were rattled when a west coast bank was placed into receivership on Friday following a...
March 6, 2023
Fed’s Reassurance Boosts Stocks Presented by Crossroads Financial Advisors A late-week surge, triggered by reassuring Fed-speak, propelled stocks higher last week. The Dow Jones Industrial Average gained 1.75%, while the Standard & Poor’s 500 advanced 1.90%. The...
February 27, 2023
FOMC Says Inflation Is Still Too High Presented by Crossroads Financial Advisors Concerns over a firmer monetary policy were heightened by fresh economic data, touching off a climb in bond yields and a slide in stock prices last week. The Dow Jones Industrial Average...
Mixed Results As Interest Rate Concerns Grow Presented by Crossroads Financial Advisors Growing concerns about further interest rate hikes, prompted by fresh economic data, reversed early-week gains and left stocks mixed for the week. The Dow Jones Industrial Average...
February 13, 2023
Mixed Feelings And Mixed Earnings Presented by Crossroads Financial Advisors Stocks drifted lower as a week of mixed earnings reports and resurgent worries over Fed monetary policy dragged on investor sentiment. The Dow Jones Industrial Average slipped 0.17%, while...
February 6, 2023
Powell: Inflation Heading In The Right Direction Presented by Crossroads Financial Advisors Stocks were mixed last week following better-than-expected corporate reports and increasing optimism over a slowdown in interest rates. The Dow Jones Industrial Average edged...
January 30, 2023
Earnings And Data Tell Two Different Stories On Near Future. Presented by Crossroads Financial Advisors Stocks added to their early 2023 gains amid a busy stream of mixed corporate earnings results and conflicting economic data. The Dow Jones Industrial Average gained...
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