As always, earnings season started with major banks releasing quarterly reports this week with JPMorgan Chase and Goldman Sachs reporting on Tuesday. U.S. benchmarks saw muted activity with the S&P and Dow Jones trading marginally higher while the Nasdaq closed slightly in the red. PepsiCo released their earnings on Tuesday as well while the next […]

After producing a nice recovery to end last week, U.S. indices are continuing to trade higher with all three major benchmarks trading higher. Both the S&P and Nasdaq hit all-time intraday highs as the Nasdaq hit $14,761 while the S&P touched $4,381. Earnings season will be the biggest factor for market movement in the next […]

RoboStreet – July 8, 2021 Stock Rally Takes A Breather  News out of Washington that the Biden administration wants to increase regulation in the transportation industry as well as further laying out the tax proposals that will materially increase corporate taxes has the market retreating from record highs for a second straight day. The Delta […]

Markets traded impressively higher today with the S&P reaching its intraday record high at 4,361.71 while the Nasdaq and Dow Jones also traded in the green. Today’s release of the last month’s Federal Open Market Committee minutes supported U.S. indices with continued support for slowing the central bank’s asset purchasing program while also potentially moving […]

RoboStreet – July 1, 2021  Plenty Of Fireworks To Move The Market In July Following a solid close to June and the first half of the year, the stock market has some wondering if the best gains are priced in, or whether there is more to go. That’s a bit of a jump ball at […]

Apart from the Nasdaq, U.S. indices traded fairly higher with consumer staples and energy sectors leading the way. Both the S&P and Dow Jones finished in the green, marking the S&P’s latest record close for the year. As the national, and worldwide, COVID recovery continues, inflation remains a key market stimulator with concerns about its […]

Major U.S. indices primarily closed higher with both the S&P and Nasdaq finishing in the green near-record territory, while the Dow Jones slipped, closing down 0.44%. Facebook shares soared today as the company topped $1 trillion market share for the first time, with the symbol finishing over 4% higher on Monday. The infrastructure deal, inflation […]

RoboStreet – June 24, 2021 End Of The Quarter Window Dressing Stokes Buying  Two market-moving scenarios are underway this week, Russell 2000 rebalancing and Q2 end of quarter window dressing by portfolio managers repositioning some assets in mega-cap tech stocks following the decline in bond yields. When FAANG plus MSFT, ADBE, NVDA, and TSLA can […]

As the Nasdaq hit its 16th record close of 2021, the Dow and S&P closed in the red after nearing record highs this week. Today, Federal Reserve Chair Jerome Powell testified before the House regarding rising inflation concerns which follows several Fed official testimonies that relayed similar guidance. Fed members discussed current economic growth rates […]

Today, U.S. Benchmarks saw one of the best days since March after last week’s FOMC decision and comments from Fed chair Powell signaled a raising of rates sooner than expected. Also supporting stocks is the continued opening of the U.S. economy with COVID restrictions progressively being lifted. In relation, long-term Treasury yields moved higher while […]