Tag: Markets
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That Soft Landing
The major averages ended the week essentially unchanged, despite several significant events. (Fill in the blank) won Tuesday’s Vice-Presidential debate. Friday’s employment report exceeded expectations, effectively eliminating the possibility of another ½% rate cut next month. Therefore, we might just achieve that soft landing. Despite all the recession talk and pessimism this year, the S&P…
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Up and to the right!
The major averages closed another positive week. The Dow Jones rose by 230 points or 0.55%, the NASDAQ gained 172 points or 0.96%, and the S&P 500 increased by 35 points or 0.61%. Up and to the right! This week was highlighted by generally positive economic data and continued declines in inflation and interest rates,…
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Another Positive Week
The major averages marked another positive week at the close. With the DOW up 669 points or 1.62%, the NASDAQ advanced 264 points or 1.49%, while the S&P 500 added 77 points or 1.37%. Tuesday’s seasonally adjusted retail sales data revealed a surprising 0.1% gain in August, while July’s figures were revised up by 1.1%.…