RoboStreet – February 13, 2020 Broad Momentum Lifts Stocks To New Highs The stock market remains very resilient to negative news and posted a series of new highs this week before pausing yesterday on news of an elevated number of coronavirus cases in China. In light of the news that took the Dow down by […]
After all three major U.S. indices reported record finishes yesterday, markets faced early morning pressure today behind growing global concerns regarding the latest Cornavirus developments. With the current death toll over 1,300, confirmed cases increased significantly after China implanted a new diagnostic system and added an additional 15,000 cases yesterday, increasing the total number of […]
All three major U.S. indices are on the move up today ahead of Fed Chair Powell’s congressional testimony as well as the tail end of the latest corporate earnings season. Over in China, the Coronavirus continues to grow as the latest strain of the virus spread to an additional 2,000 cases and has elapsed 1,000 […]
U.S. markets are continuing to trade higher as strong economic data and solid earnings offer support amid Coronavirus concerns. In China, the Coronavirus has surpassed the nation’s previous viral outbreak SARS death toll with over 900 death currently, however, previously shut-down retail and factory locations due to the virus have begun to reopen. Still, Asian […]
RoboStreet – February 6, 2020 Can V-Shaped Recovery Sustain Its Gains Following some reassuring remarks from U.S. healthcare officials that the risk of the Coronavirus spreading in the U.S. was low, markets caught a strong bid and have been on a four-day run that has erased all the recent losses and taken Dow, S&P, and […]
Markets are edging higher today, on track for the fourth straight day of gains. All three major U.S. indices are up over 3% for the week and look to continue building off gains with several key earnings and economic reports still due this week. As containment efforts continue in China, the death toll has now […]
For the third straight trading session, markets rose impressively with the Dow and S&P up over 1% today while the Nasdaq is on track for a 0.40% gain. News of progress on a possible treatment to the Wuhan virus has helped global markets while impressive ADP employment data and corporate earnings are supporting U.S. stocks. […]
After markets traded lower to end last week, markets are seeing nice rebounds today off strong economic data and continued efforts to contain the coronavirus. Earnings season continues with Google parent-company Alphabet reporting earnings after market close today while tomorrow lookout for Disney, Snap, and Ford data. Additional key reports this week include Twitter, General […]
RoboStreet – January 30, 2020 Tech Sector Is A Buy On Pull Backs The stock market has hit a headwind of resistance tied to the uncertainty surrounding the spread of Coronavirus. SPY traded to a new all-time high of $332.95 and has shed 2.7% since hitting that mark. Volatility is up and will likely persist […]
Spread of the Chinese coronavirus continues to impact global markets as stocks lowered in early morning trading. Containment efforts in China are in progress while Chinese stock markets will be closed until Monday. Both European and Asian markets finished lower while all three major U.S. indices are on track to close in the red. Several […]
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