A tech-led surge helped U.S. markets reach record highs Wednesday as all three major U.S. indices closed in the green, with the Nasdaq and S&P booking record finishes. Amazon, Netflix, and Tesla booked impressive gains that supported markets while salesforce.com saw a +25% boost post-earnings. Intuit, Dick’s Sporting Goods, and HP also saw nice gains […]
Markets traded impressively higher to start the week with all three major U.S. indices booking solid gains as the SPY briefly broke through its overhead resistance at $340. Reported progress regarding COVID-treatments are supporting markets today as earnings season has all but wrapped up; companies due to report this week include Salesforce.com, Intuit, Dollar General, […]
RoboStreet – August 20, 2020 Remote Economy Thrives Amidst Slow Progress On Pandemic While the weekly data on the coronavirus is incrementally improving, there was a much higher level of optimism just a couple of weeks ago about the ability for life both at home and at work would normalize. There was a burst of […]
All three major U.S. indices saw modest losses today following record highs reached by the Nasdaq and S&P on Tuesday. Mid-day trading saw U.S. stocks edge lower following the latest FOMC minutes release, in which Fed officials kept interest rates near zero while continuing their Treasury and securities purchases. Last week, unemployment benefits were extended […]
Last week, the S&P neared record-highs behind continued support from strong earnings, reports of lawmakers working on additional virus-relief packages, and a recorded slowdown of reported COVID cases. Today, the Nasdaq was able to book a record close behind a strong tech-rally while the S&P also closed in the green, nearing its own record high. […]
RoboStreet – August 13, 2020 No Value Trap This Time Around For as far back as most anyone can remember, every time the value stocks have made an attempt to put together a sustainable rally, the effort has ended up trapping hopeful investors that just maybe this time will be different. While the major averages […]
All three major U.S. indices recorded impressive gains today as stronger-than-expected economic data and upbeat earnings continue to release. Similarly, a reported slowdown in the number of new U.S. COVID cases as well as momentum regarding a vaccine is also supporting markets today. The S&P remains close to its record high and we are seeing […]
Major U.S. indices saw mixed results to start off the week, with the Dow and S&P closing in the green while the Nasdaq finished modestly lower. Corporate earnings season continues to wind down as additional retail and energy earnings are set to release this week. Key earnings this week will feature Cisco, Lyft, and Applied […]
RoboStreet – August 6, 2020 Eternal Stimulus Versus Overbought Rally Continued Fed intervention via QE forever and a massive pandemic stimulus package being worked out in Congress continue to provide the oxygen for a market this is showing signs of upside fatigue. Following a much better-than-expected second-quarter earnings season, the major averages have rallied strongly […]
Markets continue to see support from impressive earnings and positive economic reports, as well as reports of progress regarding the latest stimulus package. Impressive service sector data along with steady employment is helping U.S. stocks, with all three major U.S. indices in the green today. Trade deficit shrunk just over 7% in July; look out […]
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