The novel coronavirus – named COVID-19 – dominated the attention of both the media and markets as the month of February unfolded. What is understood to have originated in Wuhan, China in December 2019 had, by the end of February, spread to six continents. How far and wide the virus will spread is still […]
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January was a volatile month of trading, and the market plunged on the last day amid rising fears about the rapid spread of the coronavirus. Overall, the S&P 500 returned -0.04% in January, and the Dow Jones Industrial Average returned -0.89%. The Nasdaq Composite fared better, generating +2.00% during the month. Oil prices fell […]
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The first estimate of fourth quarter real GDP growth was 2.1%, with positive contributions from consumption, government spending, home building, and exports, partly offset by negative contributions from inventories and nonresidential fixed investment. Consumer spending was much lower than in the third quarter, +1.8% vs. +3.2% in Q3. For the full year 2019, the […]
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In stark contrast to the December decline one year ago, the S&P 500 returned 3.02% for the month, closing 2019’s total return up 31.49%. Consumer spending was robust during the Holiday season. MasterCard Spending Pulse, which tracks consumer-spending tendencies, saw an increase of 3.4% from Nov. 1 through Dec. 24th. This is an impressive […]
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According to the U.S. Commerce Department, third quarter Gross Domestic Product (GDP) increased 2.1%, above the economy’s growth potential of 2.0%. There was no revision to the estimate published in October. A tempered growth rate since the financial crisis is one of the driving forces behind the elongated bull market cycle. Corporate managers have […]
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Welch & Forbes is proud to have supported as a sponsor Suffolk University’s 2019 All Rise Event. The panel and dinner recognized and honored various female Suffolk Law students and alumnae at the Omni Parker House. Suffolk University characterizes the event as the following: “Our history of glass shattering began over eighty years ago with Marian […]
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U.S. stocks closed out November with their largest monthly gains since June. The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite each rose more than 3% for the month. The indexes set records in the month. An accommodative Federal Reserve and confident consumers have supported current economic growth and expectations for stock […]
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The U.S. economy has expanded at a moderate, steady rate this year and is headed into the holiday season on solid ground. Third quarter GDP growth was revised upward from 1.9% to a 2.1% annual rate, largely due to strong inventory investment. October durable-goods orders rose 0.6%, more than anticipated, and follow a 1.4% […]
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Equities enjoyed positive returns in October. The Dow Jones Industrial Average rose 0.5%, the S&P 500 climbed 2.9% and the Nasdaq increased 3.7% for the month. Positive trends in employment and consumer spending have stabilized economic growth in the U.S., alleviating fears of a recession and driving the gains. Having increased by $1 trillion […]
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U.S. Gross Domestic Product grew at an annualized rate of 1.9% in the third quarter (Q3) of 2019. This followed increases of 3.1% and 2.0% in the first and second quarters of 2019, respectively. Important contributors to growth in Q3 were consumer spending and government outlays. Personal consumption expenditures grew by 2.9% while government […]
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