Major U.S. indices closed in record territory again as the Dow, Nasdaq, and S&P continued their impressive streak, powered by a tech and retail sector rally. ADP Employment Report for August also supported markets as 428,000 private-sector jobs were added in August. Also released today, the latest Beige Book, which showed the U.S. economy modestly […]

U.S. Markets traded to mixed results as the Dow and S&P closed in the red while the Nasdaq booked another record close. Still, all three U.S. indices were able to finish with record highs for the month of August; capping off an all-time five-month run, the Dow recorded 29% growth, while the S&P rose 35% […]

RoboStreet – August 27, 2020 Washing Machine Rotation Still Favors Work From Home Stocks  Although COVID-19 numbers are showing gradual improvement, there are some consumer and business trends that are going to be embedded from the pandemic. Fed Chairman Jerome Powell stated, “we have not changed our view that a longer-run inflation rate of 2 […]

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 […]