May 14, 2021 Inflation was the word of the week on Wall Street as the consumer price index jumped 4.2% year-over-year in April. That was the index’s fastest rise since 2008. The unexpected jump in inflation pushed the Dow Jones Industrial Average down a combined 1,155 points on Tuesday and Wednesday, after having set a…
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May 7, 2021 The S&P 500 registered its 26th record high of the year as April nonfarm payrolls missed expectations with businesses adding 266,000 workers to the payrolls. Although the number was an average reading in normal times, it badly missed the 1 million new hires Wall Street had expected given the broad reopening currently underway. Despite…
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April 30, 2021 The S&P 500 closed out the month on a high note, propelled once again by more strong corporate earnings, positive economic reports, and accommodative fiscal and monetary stimulus. Tech giants Microsoft and Amazon reported this week, adding to the recent round of stellar earnings reports. Pandemic-fueled spending on cloud services, videogaming, and ecommerce…
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