Blog

Last Week on Wall Street

Economic news for the week included the Fed keeping policy short-term interest rates steady. On the positive side, durable orders rose, as did housing prices to a lesser degree, while consumer confidence fell back sharply and producer prices rose more than expected.

Last Week on Wall Street

In a light year-end week, economic data included slight gains in home prices, lower jobless claims, and Federal Reserve minutes that again pointed to diverging points of view on the committee.

Last Week on Wall Street

On a short holiday week, economic data included gains in retail sales and durable goods orders, as well as higher producer price readings, decelerating home prices, and continued weak consumer confidence. However, the recent government reopening meant some data released was fairly stale at this point.

Last Week on Wall Street

Economic data was again limited due to the federal government shutdown, but included improvements in ISM services and ADP employment, while ISM manufacturing and consumer sentiment fell back to varying degrees.

Last Week on Wall Street

Economic data included an improvement in the ISM manufacturing report, although it stayed in contraction, while ISM services fell to neutral. Several reports weren’t published because of the Federal government shutdown, including the closely-watched employment situation report.

Last Week on Wall Street

Economic data for the week included U.S. GDP growth for the 2nd quarter being upgraded a bit, and continued growth in personal income and spending. On the weaker side were durable goods orders, home prices, and consumer sentiment.

Weekly Update Note

In place of our normally weekly market commentary, this week we want to share perspective on today's consumer inflation report, which is closely watched by all market participants. The following commentary is from Brian Wesbury, Chief Economist at First Trust, one of our research and fund providers. Enter Brian...

Last Week on Wall Street

Last Week on Wall Street

On a holiday-shortened week, economic data included a slight upgrade to Q1 U.S. economic growth (as measured by Gross Domestic Product), and improvement in personal income, spending, and consumer sentiment, while durable orders fell back.

Last Week on Wall Street