Financial News for the Week of May 8, 2020

HIGHLIGHTS OF THE WEEK The start of May ushered in a barrage of sour data reports. The list included a plunge in April vehicle sales and service-sector activity falling into deep contractionary territory as indicated by the ISM non-manufacturing index. The most-anticipated report of t
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Financial News for the Week of May 1, 2020

HIGHLIGHTS OF THE WEEK The S&P 500 is on track to end the week flat, erasing some earlier momentum as economic data and earnings reports released throughout the week revealed the extent of the pandemic’s impact. The U.S. economy contracted by 4.8% annualized in the first quarter,
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Financial News for the Week of April 24, 2020

HIGHLIGHTS OF THE WEEK Markets were volatile this week as oil prices plummeted to negative territory for the first time ever. The combination of weak demand and a lack of near-term storage capacity contributed to this strange result. COVID-19 and measures to contain it have hit housin
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Financial News for the Week of April 17, 2020

HIGHLIGHTS OF THE WEEK Equity markets are poised for their second week of gains, buoyed by the White House’s guidelines for re-opening the economy. The price of oil touched an 18-year low, driven by the historic drop in demand. March economic indicators showed a dramatic drop in activ
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Financial News for the Week of April 9, 2020

HIGHLIGHTS OF THE WEEK COVID-19 continued to dominate headlines this week. But, hopes that the virus’ spread may soon peak, together with new details on the Fed’s support measures, helped support risk-on sentiment. Equities soared as a result. The mood remained decisively downbeat on
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Financial News for the Week of April 3, 2020

HIGHLIGHTS OF THE WEEK U.S. stock markets recorded their worst performance since the financial crisis in the first quarter, with the S&P 500 and the Dow Jones falling 20% and 23%, respectively. Confirmed coronavirus cases now stand in excess of one million globally and have breach
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Financial News for the Week of March 27, 2020

HIGHLIGHTS OF THE WEEK Another eventful week for financial markets as they digested the news that Congress had agreed to a giant $2 trillion relief bill. Stimulus is sorely needed, with more than three million Americans filing for unemployment insurance benefits last week. The unemplo
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Financial News for the Week of March 20, 2020

HIGHLIGHTS OF THE WEEK Markets continued to see losses this week as the COVID-19 outbreak intensified. Investors made a dash for cash, resulting in tightening financial conditions. The Fed reacted quickly, cutting the target range of the federal funds rate by a full percentage point t
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Financial News for the Week of March 13, 2020

HIGHLIGHTS OF THE WEEK Wild gyrations in financial markets continued this week, with equity indexes seeing their biggest one-day drops in several decades. Policy announcements were the other theme of the week. In Europe, the Bank of England and European Central Bank announced new meas
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Financial News for the Week of March 6, 2020

HIGHLIGHTS OF THE WEEK The Fed viewed the spread of COVID-19 as having a ‘material’ impact on the economic outlook and made an emergency intermeeting rate cut of 50 basis points to proactively support the economy. A few other central banks also cut rates. Economic data confirmed that
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