Economic Update For Week Ending October 16, 2021.
Luxury Real Estate Blog
OCTOBER 16, 2021
Stock markets rise again this week - Stock markets, after dropping about 5% in September, have rebounded in October. Economic data points to the economy continuing its expansion. Early reporting of corporate earnings has shown strong corporate profits. Retail sales, which seemed to stall in July August, were up over 14% year-over-year in September. . The Dow Jones Industrial Average closed the week at 35,294.76, up 1.6% from 34,746.25 last week. It is up 15.4% year-to-date. .