RoboStreet – February 20, 2020 Stocks Levitating to New Highs as Virus Fears Subside While the spread of Coronavirus still very much a threat, the pace of newly reported cases is falling by the day and investors are sensing the worst for this outbreak has already occurred. Assuming this is a reliable scenario, it would […]
One day after the release of last month’s FOMC minutes pushed major U.S. indices to close near all-time highs, markets are seeing pressure from growing global Coronavirus concerns, causing shares to lower. Reported infections in South Korea, Iran, and Japan are causing added pressure to global markets as containment efforts and production slowdowns continue. Viacom […]
All three major U.S. indices closed in the green today after seeing mixed results on Tuesday. Growing Coronvirus concerns continue to pressure global markets, with over 2,000 confirmed deaths, while U.S. markets are seeing support from strong economic reports and the tail end of earnings season. Today, minutes from last month’s FOMC will be released […]
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. […]
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