U.S. Economic Growth Nearly Stalls Out

Posted by Mark Pettinga

WASHINGTON—The U.S. economy slowed to a crawl at the start of the year as businesses slashed investment, exports tumbled and consumers showed signs of caution, marking a return to the uneven growth that has been a hallmark of the nearly six-year economic expansion.

Gross domestic … Read More »


Stocks Climb 2% as Nasdaq Tops 15-Year Record

Posted by Mark Pettinga

Stock prices rose almost 2% last week, led by the tech sector’s march to new highs. The tech-heavy Nasdaq Composite finally surpassed its March 2000 closing high of 5048 on Thursday, and extended its gains to finish the week at 5092, up 3.3%.

The Dow … Read More »


Nearing Peak, U.S. Home Price Gains to Slow

Posted by Mark Pettinga

Go figure. Just as several measures of U.S. economic growth appear poised to accelerate, the three-year residential real estate market recovery is showing signs of slowing.

Strong job growth, falling unemployment, ultralow mortgage rates, and encouraging consumer confidence figures haven’t been enough to boost monthly … Read More »


U. S. Equities Face Increasing Head Winds

Posted by Mark Pettinga

When 2015 began, few market observers would have guessed that European stock markets would leave the Standard & Poor’s 500 index in the dust. Nor were analysts expecting U.S. corporate earnings to fall during the first half of the year.

Yet here we stand, with … Read More »