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Stocks Pare Drop as Bank Rally Tempers Bleak Data

2020-05-28T12:01:39-07:00

US FINANCIAL MARKET Wall Street climbs as investors hold out for recovery; Nasdaq at 3-month high Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5% below its all-time high hit in February, boosted by Facebook and Amazon.com, which were trading at record levels, as well as Apple. The S&P 500 tumbled 1% in the final hour of Tuesday’s session after a report raised doubts about positive results [...]

Stocks Pare Drop as Bank Rally Tempers Bleak Data2020-05-28T12:01:39-07:00

Stocks Edge Lower as Powell Says Outlook ‘Highly Uncertain’

2020-05-28T12:01:20-07:00

US FINANCIAL MARKET Wall Street climbs as investors hold out for recovery; Nasdaq at 3-month high Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5% below its all-time high hit in February, boosted by Facebook and Amazon.com, which were trading at record levels, as well as Apple. The S&P 500 tumbled 1% in the final hour of Tuesday’s session after a report raised doubts about positive results [...]

Stocks Edge Lower as Powell Says Outlook ‘Highly Uncertain’2020-05-28T12:01:20-07:00

Stocks Fluctuate Amid Easing Lockdowns

2020-05-28T12:01:02-07:00

US FINANCIAL MARKET Wall Street climbs as investors hold out for recovery; Nasdaq at 3-month high Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5% below its all-time high hit in February, boosted by Facebook and Amazon.com, which were trading at record levels, as well as Apple. The S&P 500 tumbled 1% in the final hour of Tuesday’s session after a report raised doubts about positive results [...]

Stocks Fluctuate Amid Easing Lockdowns2020-05-28T12:01:02-07:00

S&P 500, Dow Slip on Fear of New Infection Wave

2020-05-28T12:00:43-07:00

US FINANCIAL MARKET Wall Street climbs as investors hold out for recovery; Nasdaq at 3-month high Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5% below its all-time high hit in February, boosted by Facebook and Amazon.com, which were trading at record levels, as well as Apple. The S&P 500 tumbled 1% in the final hour of Tuesday’s session after a report raised doubts about positive results [...]

S&P 500, Dow Slip on Fear of New Infection Wave2020-05-28T12:00:43-07:00

Stocks Accelerate Gains Despite Grim Jobs Report

2020-05-28T12:00:20-07:00

US FINANCIAL MARKET Wall Street climbs as investors hold out for recovery; Nasdaq at 3-month high Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5% below its all-time high hit in February, boosted by Facebook and Amazon.com, which were trading at record levels, as well as Apple. The S&P 500 tumbled 1% in the final hour of Tuesday’s session after a report raised doubts about positive results [...]

Stocks Accelerate Gains Despite Grim Jobs Report2020-05-28T12:00:20-07:00

U.S. Stocks Climb as Jobless Claims Trend Lower

2020-05-28T12:00:03-07:00

US FINANCIAL MARKET Wall Street climbs as investors hold out for recovery; Nasdaq at 3-month high Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5% below its all-time high hit in February, boosted by Facebook and Amazon.com, which were trading at record levels, as well as Apple. The S&P 500 tumbled 1% in the final hour of Tuesday’s session after a report raised doubts about positive results [...]

U.S. Stocks Climb as Jobless Claims Trend Lower2020-05-28T12:00:03-07:00

Pence Perspective | Q1. 2020

2020-05-27T10:20:01-07:00

Pence Perspective | Q1. 2020 Executive Summary: 2019 was one of the greatest years for stocks. The S&P 500 was up 28.9% (or 31.5% including dividends), the second highest return since 1997 or fifth highest return since 1958. For 2020, we expect between high single-digit and low double-digit stock returns. We see fewer headwinds in 2020 compared to last year which may favor stocks over bonds. “Phase One” pact between the U.S. and China is done. Brexit is almost over. The global growth slowdown probably bottomed in 2019. The Fed is on hold, meaning we expect mortgage rates [...]

Pence Perspective | Q1. 20202020-05-27T10:20:01-07:00