RoboStreet – April 15, 2021 Earnings Drumbeat Should Be Loud And Impressive Already in the first formal week of the first-quarter earnings season, we are seeing some standout top and bottom-line results coupled with solid forward guidance. The big banks always lead off and Goldman Sachs (GS) truly put up some heady numbers that bode […]
While most U.S. stocks closed modestly lower, the Dow Jones finished in the green, snapping a two-day losing streak. Markets were reacting to the latest Beige Book, released by the Federal Reserve, which showed a moderate pace of growth through the first quarter of 2021 and expectation of similar economic activity through the spring. Vaccination […]
Inflation and corporate earnings take center stage this week as markets react to the latest comments from Fed Chair Jerome Powell and gear up for the next earnings season. U.S. Benchmarks snapped a positive winning streak as all three major U.S. indices closed in the red to start the trading week. Markets appear to be […]
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 […]
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