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Fall 2022

Fall 2022

What Even is Economics?

What: The event will start by Prof James Roberts, Chair of Duke Economics, talking about the myriad of different fields in economics and how interest in niche intersections translates to opportunities in the real world. The event will then transition into an informal chat with current Duke Economics majors who are pursuing their interests in different intersections. Majors will talk about their interests, their experiences in and outside of Duke, and general advising for underclassmen and high-school seniors. The final 30 minutes will be left open for any questions from the audience and for students to interact with the panelists while grabbing some pizza. 

When: October 25, 2022, 5:30-7PM

Where: Physics 128

Study Break

What: Stressed about upcoming midterms? Need to complete a lot of assignments that have piled up during fall break? The Duke Economics Student Union has got you covered by bringing back our very own annual study break, where you get to study with and get motivated to study with all the amazing Duke Econ folks! To award your studying, your name will be entered into a lottery draw when you come in for a chance to win a really cool prize for every hour of studying you do! The three lucky winners will be awarded their prizes during the event! Come for some Duke Econ swag and warm brownies! 

When: October 17, 2022, 8-10PM

Where: Social Sciences 136

A Good Week for Stocks
(Feb 2024)

Written by: Gianna Zheng (2/23/2024)

The performance of the S&P 500 this week was at an all-time high, rising 3%. This increase was caused primarily by the technology sector, with Nvidia Corporation (NVDA) standing out as a key player. Nvidia’s release of its revenue reports for the last quarter of 2023 resulted in a 16% rise in its shares and served as the main catalyst. These figures exceeded many analysts’ predictions and triggered a stock rally while securing Nvidia’s spot as the top-performing stock within the S&P 500. This momentum created a ripple effect within similar companies. For example, two chip-making companies, Advanced Micro Devices, and Applied Materials rose 11% and 5% respectively.  

Other major U.S. stock indices showed mixed results. For instance, the Dow Jones Industrial Average experienced similar upticks ending with a modest 0.2% rise. Interestingly, the Nasdaq Composite, an index weighted heavily in technology ended the week down 0.3%. Despite this week’s Wall Street stock rally, the loom of a recession is still in the air with the Federal Reserve keeping a close eye on inflation waiting for the right time to start cutting interest rates.  

Internationally, Japan’s main stock index, the Nikkei 225, also experienced a bullish trend, reaching its record-breaking high. This milestone is particularly significant as it marks the Japanese stock market finally returning to levels before Japan’s recession in 1989. The rise of the Nikkei 225 drew great optimism among both Japanese investors and residents given that it reflects the long-awaited recovery of Japan’s economy and a resurgence in global market confidence.  

Sources: 

https://www.reuters.com/markets/asia/nikkei-parties-like-its-1989-scales-record-high-2024-02-22

https://www.cnbc.com/2024/02/22/stock-market-today-live-updates.html

https://www.nytimes.com/2024/02/22/business/stock-market-today.html?searchResultPosition=1

https://finance.yahoo.com/news/stock-market-today-sp-500-dow-hit-fresh-records-as-wall-street-ends-nvidia-fueled-rally-week-123711842.html Edit