Pence Wealth

About Pence Wealth

This author has not yet filled in any details.
So far Pence Wealth has created 409 blog entries.

Daily Market Report | 08/11/2022

2022-08-11T11:43:54-07:00

Daily Market Report | August 11, 2022 US FINANCIAL MARKET Stocks Climb as Inflation Data Lift Investors’ Hopes – Wall Street Journal, 8/11/2022 U.S. stocks rose Thursday as producer-price data buoyed investors’ hopes that inflation may be peaking, potentially slowing the Federal Reserve’s pace of interest-rate increases. The S&P 500 added 0.8%, and the Dow Jones Industrial Average rose 244 points, or 0.7%, to 33554. The tech-focused Nasdaq Composite Index also advanced 0.8%. A rally in technology shares Wednesday pushed the Nasdaq Composite back into a bull market. Money managers are hoping that the [...]

Daily Market Report | 08/11/20222022-08-11T11:43:54-07:00

Daily Market Report | 08/10/2022

2022-08-10T11:31:53-07:00

Daily Market Report | August 10, 2022 US FINANCIAL MARKET Stocks Roar as Wall Street Cheers CPI Surprise: Markets Wrap – Bloomberg, 8/10/2022 Stocks surged and bond yields sank as softer-than-expected inflation data fueled bets the Federal Reserve could pivot to a smaller pace of hikes -- a view taken with a grain of salt by market watchers saying officials may still be a long ways from achieving their goal. Traders went risk-on Wednesday, with the S&P 500 on pace for its highest level since May. A surge in the Nasdaq 100 drove the [...]

Daily Market Report | 08/10/20222022-08-10T11:31:53-07:00

Daily Market Report | 08/9/2022

2022-08-09T11:16:37-07:00

Daily Market Report | August 9, 2022 US FINANCIAL MARKET Stocks Slip Amid Mixed Corporate Results – Wall Street Journal, 8/9/2022 Indexes have settled into an August lull as investors await consumer-price data on Wednesday that could set expectations for how the Federal Reserve will approach monetary policy at its coming meetings. Earnings season is winding down, though some major companies are still set to report figures. Roblox, Coinbase, and Wynn Resorts will release results after markets close. Ahead of the opening bell, Novavax slumped 32% after cutting its sales forecasts due to poor [...]

Daily Market Report | 08/9/20222022-08-09T11:16:37-07:00

Daily Market Report | 08/8/2022

2022-08-08T10:27:26-07:00

Daily Market Report | August 8, 2022 US FINANCIAL MARKET Stocks Open Higher With Earnings in Focus – Wall Street Journal, 8/8/2022 U.S. stocks edged up, starting the week on a positive note as investors reviewed a series of earnings reports for insight into the impact of higher inflation on companies and consumers. Tech giant Nvidia declined 7.3% after reporting preliminary quarterly revenue that came below analysts’ forecasts and said it expects challenging market conditions to persist in the third quarter. Palantir Technologies fell 13% after its forward guidance missed Wall Street’s estimates. The [...]

Daily Market Report | 08/8/20222022-08-08T10:27:26-07:00

Daily Market Report | 08/5/2022

2022-08-05T10:28:10-07:00

Daily Market Report | August 5, 2022 US FINANCIAL MARKET U.S. Stocks Pare Losses After Initial Drop on Jobs Report – Wall Street Journal, 8/5/2022 U.S. stocks pared losses Friday after initially tumbling on a surprisingly strong jobs report. The jobs report dashed hopes of the Federal Reserve shifting away from its plan of interest-rate increases anytime soon. Investors had come to widely believe that the Fed could pivot to cutting interest rates as early as the first half of 2023, given signs of cooling activity across the economy. That was meant to be [...]

Daily Market Report | 08/5/20222022-08-05T10:28:10-07:00

Daily Market Report | 08/4/2022

2022-08-05T10:20:55-07:00

Daily Market Report | August 4, 2022 US FINANCIAL MARKET Stocks Edge Lower as Earnings Roll In – Wall Street Journal, 8/4/2022 U.S. stocks turned lower in early Thursday trading as investors considered a fresh batch of corporate earnings reports and the number of Americans applying for unemployment benefits increased. The S&P 500 shed 0.4% early Thursday. The technology-focused Nasdaq Composite fell 0.5% and the Dow Jones Industrial Average dipped 0.5%. Treasury yields fell, extending a spell of volatility as investors weighed high inflation and rising interest rates against a worsening outlook for the [...]

Daily Market Report | 08/4/20222022-08-05T10:20:55-07:00

Daily Market Report | 08/3/2022

2022-08-03T12:08:44-07:00

Daily Market Report | August 3, 2022 US FINANCIAL MARKET Stocks Rise on Services Data, Earnings – Wall Street Journal, 8/3/2022 U.S. stocks rose Wednesday as investors considered another wave of corporate earnings reports and after a key reading on the services sector hit a three-month high. The S&P 500 rose 1.1%, recouping losses after it fell Tuesday. The Dow Jones Industrial Average added 0.9%. The Nasdaq Composite gained 1.8%. Stocks had come under renewed pressure in recent days from geopolitical tensions, as U.S. House Speaker Nancy Pelosi met with Taiwan’s president despite warnings [...]

Daily Market Report | 08/3/20222022-08-03T12:08:44-07:00

Daily Market Report | 08/2/2022

2022-08-02T11:49:30-07:00

Daily Market Report | August 2, 2022 US FINANCIAL MARKET Stock Indexes Decline Ahead of Pelosi’s Taiwan Visit – Wall Street Journal, 8/2/2022 U.S. and global stocks fell Tuesday on fears that U.S. House Speaker Nancy Pelosi’s planned visit to Taiwan could heighten tensions between Beijing and Washington and add geopolitical risk to investors’ already muted outlook. The S&P 500 fell 0.4% in morning trading, a day after the broad index closed slightly lower on the first trading day of August. The Dow Jones Industrial Average dropped 0.7% on Tuesday while the technology-heavy Nasdaq [...]

Daily Market Report | 08/2/20222022-08-02T11:49:30-07:00

Daily Market Report | 08/1/2022

2022-08-02T10:30:05-07:00

Daily Market Report | August 1, 2022 US FINANCIAL MARKET Stocks Slip to Kick Off August Trading – Wall Street Journal, 8/1/2022 U.S. stocks fell to start a new month of trading, after major indexes finished July with their best month since 2020. The S&P 500 declined 0.1% Monday, while the Dow Jones Industrial Average traded edged 0.1% lower. The technology-focused Nasdaq Composite Index rose 0.1% after opening lower. Shares of Boeing rose 4.8% after the plane maker temporarily avoided a strike at three defense manufacturing plants and cleared a regulatory hurdle for resuming [...]

Daily Market Report | 08/1/20222022-08-02T10:30:05-07:00

[Season 3 Ep.10] Pence Market Insights

2022-08-01T13:56:59-07:00

[Season 3 Ep.10] Market Update Podcast The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Historical performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. This information is not intended to be substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. The economic forecasts set forth may not develop as predicted and there can be [...]

[Season 3 Ep.10] Pence Market Insights2022-08-01T13:56:59-07:00