Daily Market Report | May 04, 2021 U.S. Stock Indexes Slide as Tech Shares Retreat – Wall Street Journal, 5/4/2021 U.S. stocks fell in morning trading Tuesday, as technology stocks weighed on major indexes. The S&P 500 slid 1.2%. The benchmark advanced 0.3% on Monday, despite declines in giant technology stocks. The technology-heavy Nasdaq Composite fell 2.3%. The Dow Jones Industrial Average declines 0.8%, or 270 points. The improving economic picture is encouraging some investors to step up bets on companies that stand to benefit the most from the recovery. That is leading to [...]
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Daily Market Report | May 03, 2021 Stocks Climb to Start May – Wall Street Journal, 5/3/2021 U.S. stocks rose Monday to kick off the first trading day of May, with shares of economically sensitive companies taking the lead. The S&P 500 advanced 0.6% in recent trading, on pace for further gains after closing out its best month since November. The Dow Jones Industrial Average surged about 315 points, or 0.9%. The technology-heavy Nasdaq Composite added about 0.2%. New data released Monday morning by the Institute for Supply Management (ISM) showed that a key [...]
Daily Market Report | Apr. 30, 2021 Stocks Fall But Remain on Track for Monthly Gains – Wall Street Journal, 4/30/2021 U.S. stocks edged lower Friday, but remained on track for monthly gains after a streak of strong earnings. The Dow Jones Industrial Average fell 184 points, or 0.5%, to 33876 shortly after the opening bell. The S&P 500 lost 0.6%, though it stayed on track to notch its biggest monthly gain since November. The Nasdaq Composite declined 0.7%. Shares in Twitter fell 14% after the social media company warned that user growth could [...]
[Season 2 Ep.3] Market Update Podcast Laila Pence: (00:00) Good afternoon. This is Laila Pence. Today is Thursday, April 29th, and we are on season two, episode three of our podcasts. We have a lot to cover today. We're going to start by covering the market. Then I'm going to go into details about the proposed Biden tax plan. We're going to talk about some of the budget items that he has and some of the wishlist of spending that he still has. Then we're going to talk about some things to consider. We do have some [...]
Daily Market Report | Apr. 29, 2021 Stocks Pare Gains Amid Stimulus Prospects – Wall Street Journal, 4/29/2021 U.S. stocks pared gains Thursday as investors analyzed encouraging data on the economy, a strong batch of corporate earnings and the prospect of as much as $1.8 trillion in new government spending. The Dow Jones Industrial Average was roughly flat in morning trading, while the S&P 500 gained 0.2% and the Nasdaq Composite declined 0.2%. If the S&P maintains its modest gains to the closing bell, it would end the day at a fresh record. The [...]
PENCE WEALTH MANAGEMENT RECOGNIZED IN BARRON'S 2021 TOP 100 PRIVATE WEALTH MANAGEMENT TEAMS Barron’s has included Pence Wealth Management in the list of the 2021 Top 100 Private Wealth Management Teams*. We are honored to receive this recognition from Barron’s – a publisher covering U.S. financial information, market developments and relevant statistics. This will be the firm’s second year to be included in the rankings after being recognized as one of the Top 50 Private Wealth Management Team* in 2019. Our team would like to thank all our clients for their support. The financial professionals at Pence Wealth [...]
Daily Market Report | Apr. 28, 2021 Stocks Wobble Ahead of Fed Meeting – Wall Street Journal, 4/28/2021 Major U.S. stock indexes wobbled Wednesday as investors awaited insights from the Federal Reserve on the economic recovery as well as earnings reports from technology giants. The broad S&P 500 ticked up 0.1% after the opening bell. The Dow Jones Industrial Average fell 0.3%, while the technology-heavy Nasdaq Composite dropped 0.2%, a day after tech stocks pulled broader indexes lower. Stocks have broadly flatlined this week despite a better-than-expected start to the earnings season and signs [...]
Daily Market Report | Apr. 27, 2021 Stocks Little Changed Ahead of Big Tech Earnings – Wall Street Journal, 4/27/2021 U.S. stocks edged lower Tuesday as investors awaited earnings from more blue-chip companies and the start of the Federal Reserve’s two-day policy meeting. The broad S&P 500 slipped 0.1%, while the Dow Jones Industrial Average retreated about 50 points, or 0.1%. The Nasdaq Composite slid 0.1%. Most stocks in the S&P 500 declined a day after the benchmark hit its 24th record close of the year, with minor losses accumulating in the healthcare, material, [...]
Daily Market Report | Apr. 26, 2021 U.S. Stocks Rise Ahead of Busy Earnings Week – Wall Street Journal, 4/26/2021 U.S. stocks ticked up Monday as investors weighed the outlook for the global economy and major companies’ earnings this year. The S&P 500 climbed 0.2% after the opening bell, putting it on track for another closing high. The Dow Jones Industrial Average advanced 0.2%, while the technology-heavy Nasdaq Composite gained 0.1% Stocks have been jittery in recent days after a flare-up of Covid-19 cases in India and Japan triggered concerns about the pace of [...]