Weekly Economic Update Presented by Wendy Nelson, December 12, 2022
THIS WEEK ON WALL STREET
Recession fears and concerns that the Fed may consider a longer rate-hike cycle sent stocks lower for the week.
The Dow Jones Industrial Average dropped 2.77%, while the Standard & Poor’s 500 fell 3.37%. The Nasdaq Composite index lost 3.99% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, dipped 1.09%.*(1,2,3)
- STOCKS SLIDE
- PRODUCER INFLATION DISAPPOINTS
- THE WEEK AHEAD: KEY ECONOMIC DATA
- THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
TIP OF THE WEEK
Have you had the same internet passwords for years? Change them!
To keep accounts secure, you should change your passwords often, never share them or write them down, and make them complicated.
For example, never use your birth or anniversary date as a password.
MEET WENDY NELSON, CEO
President and Founder of Wind River Wealth Advisors
EXCELLENCE • INTEGRITY • INNOVATION • PERSONALIZATION