RoboStreet – April 8, 2021 Gold Looks To Resume Its Glow  Stocks have enjoyed a broad-based rally this past week with big-cap tech making the biggest impact on bullish momentum. Value stocks took a breather after a solid runup preceding April and are still consolidating, whereas the tech sector is pushing higher in front of […]

U.S. Benchmarks saw muted action on Wednesday while still being able to notch another record close this year, with the S&P finishing at $4,079.95. The Dow also saw modest gains while the Nasdaq finished slightly lower as the latest Federal Open Market Committee minutes were released. The minutes primarily provided positive sentiment and support as […]

All three major U.S. indices posted gains on Monday, powered by strong economic data released today as well as at the end of last week. This includes March jobs reported, released on Friday, that topped expectations as well as unemployment data, which showed a slight dip last month; the latest services index showed an impressive […]

RoboStreet – April 1, 2021 Tech Sector Back Up and Running Following a six-week period of consolidation, the tech sector is re-emerging from its winter slump. Fueled by fresh interest in the semiconductor sector, a broad-based rally in technology is helping to propel the S&P up through the 4,000 level for the first time.  Capital […]

U.S. Benchmarks finished the first quarter of 2021 in the green, following a four-month win streak that saw shares trade higher as vaccine distribution and the latest economic relief bill was passed. Strong earnings and economic reports also helped as the S&P saw 5.8% gains, Nasdaq at 2.8%, and the Dow up 7.8% for the […]

U.S. Benchmarks traded modestly to mixed results following U.S.-based hedge fund Archegos Capital Management selling over $30 billion in holdings, sparking international volatility concerns. To start the shortened trade week, markets will be closed on Friday in observance of Good Friday, both the S&P and Nasdaq closed marginally in the red while the Dow Jones […]

RoboStreet – March 25, 2021 Market Searching For Next Catalyst  The checks are in the mail. The Fed and Treasury have spoken. The President gave his first press conference. Big tech has been grilled on Capitol Hill and the bond market is holding steady following three Treasury auctions amounting to $183 billion. As these events […]

Following the second day of testimony from Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell, U.S. benchmarks closed in the red with the Nasdaq leading the pack at down 2.01%. U.S. markets dipped to finish the trading day after also closing lower on Tuesday as yields on long-term U.S. Treasury notes continue to […]

All three major U.S. indices are trading in the green today, with the Nasdaq in the lead up 1.7%, after closing in the red last week. The Federal Open Market Committee kept interest rates unchanged and signaled at no change through 2023, however, inflation and interest rate concerns weighed on market sentiment with rising yields […]

RoboStreet – March 18, 2021 Fed Doubles Down Pushing Yields Higher This week’s FOMC meeting produced no change in fiscal policy, but rather a reiteration of the dovish stance the Fed has held throughout the past couple of years. Fed Chair Jerome Powell stood firmly behind the position that he doesn’t expect to raise short-term […]