Markets traded to mixed results today as the S&P and Dow closed in the red while Nasdaq, powered by a strong Microsoft performance, closed in the green. Yesterday, the Dow Jones closed above 30,000 for the first time as additional positive vaccine news supported markets. Several key economic reports were released today to mixed results, […]
On the heels of another successful vaccine trial and key Purchasing Managers’ Index reports, U.S. markets maintained gains to start the shortened trading week. All three indices traded in the green today with the Dow leading the pack at over 1% gains. Manufacturing, services, and composite PMI reports were released today ahead of another week […]
RoboStreet – November 19, 2020 Banks About To Have Their Day In The Sun We’re entering the final stretch of 2020 with the market showing some holiday spirit. As the final recounts for the White House are underway, much of the uncertainty facing investors prior to the election has been lifted. As it stands, Joe […]
U.S. Markets finished lower on Wednesday as all three major U.S. indices closed in the red behind underwhelming economic reports and an increase in U.S. COVID cases. The latest monthly retail data underwhelmed investors upon its release as the data showed a slow down in most retail sectors in October while online shopping remained high. […]
With the market prone to further corrections, the next level of support is set at $350. All three major U.S. indices closed in the green today with the Dow leading as the index neared its first record close in over 10 months. Positive reinforcement from Dr. Fauci and President-Elect Biden supported stocks today as the […]
RoboStreet – November 12, 2020 See-Saw Battle Between Growth and Value Rages There is an old saying of “dance with the one that brought you” that bears out when looking at how the 2020 stock market is performing. There have been a few attempts to steer the market’s leadership from the big cap growth stocks, […]
U.S. stocks maintained gains on Wednesday as the Nasdaq led major U.S. indices with a 2% gain behind a strong tech performance. While news regarding a COVID vaccine supported markets to open the week, strong earnings and economic reports continue to provide support for markets. McDonald’s earnings and the September Job Openings report, both released […]
Markets briefly traded above all-time high levels but sold off at the end of today’s session as promising news regarding a COVID vaccine, as well as election clarity, supported stocks. Pfizer unveiled details regarding their latest vaccine trials, stating more than 90 percent effectiveness in preventing infection among volunteers, which boosted shares market-wide as futures, […]
RoboStreet – November 5, 2020 Bullish Tape Takes Market Back Up To Previous Highs The market has enjoyed a roaring four-day pre-and-post election rally that is drawing cash off the sidelines and forcing the shorts to cover. Even though the final results of the elections appear to be a done deal, investors have bought into […]
Although the U.S. presidential race is too close to call following yesterday’s election, U.S. Benchmarks extended their streak on Wednesday after closing sharply higher on Tuesday. All three major U.S. indices closed in the green, with the Nasdaq leading at 3.85% gains. For the most part, U.S. assets are responding well to the election with […]
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