Topic: U.S. economy
Clarksville, TN – The two weeks of trading this month took investors on a wild ride. The Dow Jones Industrial Average, for example, posted its biggest point gain and loss back to back for the first time since 1997, according to the Wall Street Journal
Last Tuesday’s 273-point “Dow Dive” was reversed by Wednesday’s 275-point “Dow Wow.” But then the Dow slumped again, dropping 335 points on Thursday.
Clarksville, TN – While the markets managed solid gains over the last three months, investors continue to measure their enthusiasm as the U.S. economy maintains a less-than-robust growth trend heading into the second half of the year.
After a hesitant start to 2014, the markets gained momentum as the winter doldrums gave way to slow spring growth. But ever-present concerns over the Fed’s imminent move to wind down its quantitative easing program and eventually raise rates again have kept stock market euphoria at bay.
Clarksville, TN – The housing market is stronger than it’s been in years. The U.S. economy grew an estimated 1.8% during the first quarter of 2013–not rip-roaring expansion, but an improvement over the previous quarter’s 0.4%.
Employment isn’t where it needs to be, but companies are no longer shedding jobs in record numbers and the Federal Reserve thinks the unemployment rate will fall roughly another half-percent by the end of the year. Weeks and even months have gone by without headlines about a new European debt crisis.
Clarksville, TN – Even though the market indexes showed little change in November, the end of 2012 looks promising as the U.S. economy rebounded despite a highly contentious election cycle and the devastating effects of Hurricane Sandy thanks to some encouraging numbers from key indicators.
The Dow Jones Industrial Average experienced a post-election trough and ended the month north of 13,000, but still flat compared to the end of October. The NASDAQ mirrored the DJIA, bottoming at 2,837 on November 15th to close at a near month-high at 3,010. Likewise, the S&P 500 rallied from a low of 1,353 for November to end the month at 1,416. «Read the rest of this article»
Austin Peay State University
Clarksville, TN – The Austin Peay State University Department of Public Management and Criminal Justice and the Institute for Global Security Studies will host a symposium, titled “ Economic Terrorism,” this week.
The symposium, open to the public, will be held from 11:00am-3:00pm, Friday, August 31st in room 201 of the Austin Peay Center at Fort Campbell building on Bastogne Avenue at Fort Campbell, KY. «Read the rest of this article»
Clarksville, TN – October was a volatile month in the markets. The beginning of the month saw stocks move higher on mostly upbeat third-quarter earnings reports, eased recession fears and optimism on progress toward resolving the European debt crisis.
Toward the end of the month, U.S. stocks again rallied on news of a Greek debt deal that expanded the region’s bailout fund and on news that U.S. gross domestic product grew faster than in the previous period. «Read the rest of this article»
Fed’s Lower Economic Projections
Clarksville, TN – Stocks fell broadly before recovering in late trading Thursday as investors reacted to negative news on a number of fronts. On Wednesday came a downbeat assessment of the U.S. economy by Fed Chairman Ben Bernanke, and on Thursday a surprise announcement that the U.S. would tap into its Strategic Petroleum Reserve as part of an international effort to counteract oil shortages stemming from the ongoing conflict in Libya and unrest elsewhere in the Middle East.
The Dow Jones Industrials, which had been down almost 235 points during midday trading, finished 59.67 points lower at 12,050. Other major averages traced similar moves. «Read the rest of this article»
Initiative Would Reinvigorate Investment in Small Businesses
Washington, DC — The U.S. House of Representatives this week passed the “Small Business Lending Fund (SBLF) Act,” H.R. 5297, by a vote of 241-182. The legislation will aid small businesses in securing capital through new community bank incentives, support for state lending initiatives and by opening venture capital markets to small businesses.
“As our most prolific job creators, small businesses will be central to the recovery of the U.S. economy,” said Rep. Nydia M. Velazquez, the Chairwoman of the House Committee on Small Business. “However, for entrepreneurs to expand and create jobs, they need access to financing. The measure we approved today will make both credit and equity capital available for small firms.” «Read the rest of this article»
In Montgomery County on Friday, October 3, the line of prospective voters stretched snakelike inside the building, out the door, and down the sidewalk: black, white, Hispanic, old, young. Soldiers, students, young moms, older men. All ready to sign on the dotted line. Today, October 6, the last day to register to vote, some 80 people were in line at 2:30 in the afternoon, patiently waiting to register. At Montgomery County Democratic Party headquarters on Saturday, several dozen prospective voters registered, with another 15 coming through the door by noon Monday.
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