Blog
Blog
February 21, 2022
Stocks closed lower for the week as escalating tensions on the Russian-Ukrainian border added to existing jitters over higher inflation and a pending tightening of monetary policy.The Dow Jones Industrial Average slid 1.90%, while the Standard & Poor’s 500...
February 14, 2022
A hot inflation print and the growing concern of a Russian invasion of Ukraine sent stocks tumbling late in the week, leaving major indices lower for the five-trading days. The Dow Jones Industrial Average skidded 1.00%, while the Standard & Poor’s 500 retreated...
February 7, 2022
Stocks managed to gain ground last week as investors turned their focus to corporate earnings. The Dow Jones Industrial Average rose 1.05%, while the Standard & Poor’s 500 gained 1.55%. The Nasdaq Composite index picked up 2.38% for the week. The MSCI EAFE index,...
January 31, 2022
An exceptionally volatile week, marked by wide intraday price swings, whipsawed investors with stocks ending higher following a surge to the upside on the final trading day of the week. The Dow Jones Industrial Average rose 1.34%, while the Standard & Poor’s 500...
The Power of the Consumer
In recent months, consumer confidence has been falling. Provided by Kristin Hershey A confident consumer can be a powerful ally in an economy. But when the consumer starts to have questions, we can measure consumer confidence in everything from retail sales to home...
Rising Rates & Your Account
When bond yields go up, bond prices go down. It’s a time-tested principle, but it’s also one we haven’t experienced much since the pandemic began. At least, not until the past several weeks. You could feel the effect of rising yields in a near-term drop in price for...
January 24, 2022
In this week’s recap: Stocks sink on rate hike talk. Weekly Economic Update Presented by Hershey Financial Group, Inc., January 24, 2022 THE WEEK ON WALL STREET Stocks extended their January retreat as worries over inflation and rising bond yields continued to...
January 17, 2022
In this week’s recap: Volatile week as Fed speaks of multiple rate hikes. Weekly Economic Update Presented by Hershey Financial Group, LLC, January 17, 2022 THE WEEK ON WALL STREET Deteriorating investor enthusiasm for high-valuation growth companies and a...
2022 Contribution Limits
Is it time to contribute more? Provided by Kristin Hershey Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022. Staying put for 2022 are traditional...
January 2022
In this month’s recap: Stocks rally as early data suggests the health impact of Omicron was less severe than initially feared. Monthly Economic Update Presented by Hershey Financial Group, LLC, January 2022 U.S. Markets Stocks rallied in December as early data...