Pence Wealth

Daily Market Report | Nov. 20, 2020 US FINANCIAL MARKET U.S. Stocks Drop Amid Fresh Lockdowns – Wall Street Journal, 11/19/20 U.S. stocks fell Thursday as new restrictions imposed to curb rising coronavirus infection levels weighed on the economic outlook. The U.S. logged more than 170,000 newly reported Covid-19 cases for the second time on Wednesday, and the death toll crossed the quarter-million mark. States are implementing a patchwork of new restrictions to combat its spread. Kentucky, Minnesota, Wisconsin and Illinois are adopting measures including extended mask mandates, bar and restaurant closures and limits on private [...]

Daily Market Report | Nov. 19, 2020 US FINANCIAL MARKET U.S. Stocks Drop Amid Fresh Lockdowns – Wall Street Journal, 11/19/20 U.S. stocks fell Thursday as new restrictions imposed to curb rising coronavirus infection levels weighed on the economic outlook. The U.S. logged more than 170,000 newly reported Covid-19 cases for the second time on Wednesday, and the death toll crossed the quarter-million mark. States are implementing a patchwork of new restrictions to combat its spread. Kentucky, Minnesota, Wisconsin and Illinois are adopting measures including extended mask mandates, bar and restaurant closures and limits on private [...]

Daily Market Report | Nov. 18, 2020 US FINANCIAL MARKET Dow Edges Higher on Vaccine Optimism - Wall Street Journal, 11/18/20 U.S. stocks edged higher Wednesday amid a mixed streak of earnings. Pfizer shares rose 2.7% early in the session. The drugmaker said Wednesday that final results from its joint clinical trial with BioNTech showed its coronavirus inoculation was 95% effective, and that it plans to seek authorization for the vaccine within days. Boeing jumped 4.7% after the U.S. cleared the plane maker’s 737 MAX for passenger flights, helping to resolve the plane maker’s biggest pre-pandemic [...]

Daily Market Report | Nov. 17, 2020 US FINANCIAL MARKET S&P 500, Dow drop from record levels as coronavirus cases spike – Reuters, 11/17/20 Wall Street’s main indexes fell on Tuesday with the S&P 500 and the Dow retreating from record closing highs hit a day earlier, following disappointing retail sales data and a spike in coronavirus cases across the country. The Dow notched an all-time closing high on Monday, finishing about 50 points shy of 30,000 after Moderna’s promising COVID-19 vaccine data boosted hopes of an economic recovery, overshadowing spiking coronavirus cases across the country. [...]

Daily Market Report | Nov. 16, 2020 US FINANCIAL MARKET U.S. Stocks Rise After Positive Moderna Vaccine Results – Wall Street Journal, 11/16/20 U.S. stocks jumped Monday, with the Dow Jones Industrial Average on pace to set a new all-time-high as positive results from another potential Covid-19 vaccine lifted shares of companies that have been walloped by the pandemic. Monday’s rally was broad, with shares of megacap technology companies rallying alongside banks, retailers and travel stocks. The moves came after Moderna said its experimental coronavirus vaccine was 94.5% effective at protecting people from Covid-19 in an [...]

Daily Market Report | Nov. 13, 2020 US FINANCIAL MARKET Wall Street climbs as Cisco, Disney jump after results – Reuters, 11/13/20 Wall Street gained on Friday as Disney and Cisco’s upbeat results brought the focus back to corporate earnings at the end of a volatile trading week that saw record surges in coronavirus cases and increased hopes of a working vaccine. Cisco Systems and Walt Disney were the top gainers among 30 Dow components, helping the blue-chip index rise 0.8%. The network gear maker jumped 6.3% as it gained from a work-from-home driven surge in [...]

Daily Market Report | Nov. 12, 2020 US FINANCIAL MARKET U.S. Stocks Slip on Covid-19 Concerns – Wall Street Journal, 11/12/20 Major U.S. stock indexes slid Thursday amid a pickup in Covid-19 hospitalizations and renewed talks of lockdowns and restrictions to curb the virus’s spread. Optimism about a Covid-19 vaccine powered markets higher at the start of the week, but has since been waning as investors and health experts raise questions about when it may become available for widespread use. At the same time, the U.S. recorded its highest number of hospitalizations due to the coronavirus [...]

Daily Market Report | Nov. 11, 2020 US FINANCIAL MARKET U.S. Stocks Rise, Led by Tech Sector – Wall Street Journal, 11/11/20 Technology shares lifted major indexes Wednesday after lagging earlier this week as promising vaccine news sent U.S. stocks rallying. Megacap tech stocks powered markets higher through 2020 but took a hit earlier this week as investors cheered progress toward a Covid-19 vaccine and began rotating into cyclical sectors such as manufacturing and energy. The rollout of a Covid-19 vaccine is likely to power the global economic recovery and lift stocks across sectors, giving momentum [...]

Daily Market Report | Nov. 10, 2020 US FINANCIAL MARKET Stocks Wobble as Investors Grow Cautious – Wall Street Journal, 11/10/20 U.S. stocks wobbled Tuesday, with elevated Covid-19 infection levels, muted stimulus expectations and caution about the timing of vaccines tempering the exuberance that left major indexes hovering near record highs one day earlier. The U.S. reported more than 100,000 coronavirus cases for the seventh straight day and hospitals face an uptick in patients. That is triggering speculation that local authorities from New York to California may reinstitute some lockdown measures to curb the outbreak. Expectations [...]

Daily Market Report | Nov. 09, 2020 US FINANCIAL MARKET Dow Surges to Intraday Record on Vaccine Results, Biden Win – Wall Street Journal, 11/9/20 U.S. stocks jumped to fresh records Monday after progress on a Covid-19 vaccine and Democrat Joe Biden’s electoral victory sent indexes soaring and boosted companies in the hardest-hit sectors of the economy. Markets rallied after a vaccine developed by Pfizer and partner BioNTech proved better than expected at protecting people from Covid-19 in a pivotal study, a milestone in the hunt for shots that can stop the global pandemic. The positive, [...]