Pence Wealth

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 [...]

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 [...]

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 [...]

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 [...]