Weekly Economic Update Presented by Wendy Nelson, December 19, 2022
THIS WEEK ON WALL STREET
Hawkish comments by the Fed and weak economic data heightened investors’ recession concerns and sent stocks lower last week.
The Dow Jones Industrial Average lost 1.66%, while the Standard & Poor’s 500 retreated 2.08%. The Nasdaq Composite Index declined 2.72% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slipped 0.88%. .*(1,2,3)
- STOCKS UNDER PRESSURE
- INFLATION AND THE FED
- THE WEEK AHEAD: KEY ECONOMIC DATA
- THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
TIP OF THE WEEK
Avoid visiting ATMs alone at night; never count your money at one. If an outside ATM seems lonely, try a well-lit ATM in a 24-hour grocery or drug store instead.
MEET WENDY NELSON, CEO
President and Founder of Wind River Wealth Advisors
EXCELLENCE • INTEGRITY • INNOVATION • PERSONALIZATION