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 [...]
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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 [...]
[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 [...]
Laila Pence on Bloomberg Radio (07/19/2022) Laila Pence, President at Pence Wealth Management, discusses her markets outlook. She spoke with hosts Doug Krizner and Paul Allen on "Bloomberg Daybreak Asia." July 19, 2022 Click Here to Listen Pence Wealth Management, Inc. (“PWM”) is a financial services practice within LPL Financial LLC (“LPL Financial”) comprised of multiple financial professionals that provide a series of services including personal investment advisory, third party managed advisory and brokerage services. PWM is an investment adviser registered with the State of California to provide financial planning services. The financial [...]
Daily Market Report | July 14, 2022 US FINANCIAL MARKET Dow Falls 400 Points, With Stocks Sliding as Banks Kick Off Earnings Season – Wall Street Journal, 7/14/2022 U.S. stocks fell, putting the S&P 500 on course for its fifth consecutive day of losses, as earnings reports from financial behemoths spotlighted concerns about the economic outlook. The S&P 500 dropped 1.3% in late-morning trading Thursday. The blue-chip Dow Jones Industrial Average lost 1.4%, or roughly 400 points, while the technology-heavy Nasdaq Composite Index shed 1.1%. Major benchmarks fell Wednesday after data showed inflation at [...]
Daily Market Report | July 13, 2022 US FINANCIAL MARKET Stocks Fall As Inflation Accelerates – Wall Street Journal, 7/13/2022 Stocks dropped and bond yields rose Wednesday after fresh data showed inflation reached a new four-decade high last month, strengthening expectations that the Federal Reserve will continue tightening monetary policy aggressively. The S&P 500 fell 1%, while the Dow Jones Industrial Average declined 1.2%, or about 360 points. The tech-heavy Nasdaq Composite retreated 0.9%. Stock futures turned negative after Wednesday morning’s data showed that consumer-price inflation accelerated to 9.1% in June. That marked an [...]
Daily Market Report | July 12, 2022 US FINANCIAL MARKET Stocks Wobble, Oil Falls on Growth Concerns – Wall Street Journal, 7/12/2022 Fears about a recession on the horizon weighted on oil and bond yields, while stocks moved between small gains and losses, continuing a volatile stretch for global markets. The S&P 500 was recently up 0.1% Tuesday, a day after the benchmark stocks gauge skidded 1.2%. The Dow Jones Industrial Average added 0.4%. The technology-focused Nasdaq Composite was up less than 0.1%. Oil prices and bond yields fell, dragged lower by worries about [...]
Daily Market Report | July 11, 2022 US FINANCIAL MARKET Stocks Turn Lower Ahead of Earnings Season – Wall Street Journal, 7/11/2022 U.S. stocks declined as earnings season is set to kick off this week, spurring concerns about the impact of inflation on corporate profits. The S&P 500 fell 0.9% as the broad-market index started the week off on a negative note. The Nasdaq Composite Index shed 1.7%, pointing to losses for technology stocks. The Dow Jones Industrial Average was 0.4% lower. Investors are also awaiting corporate earnings reports for indications of how much [...]
Daily Market Report | July 8, 2022 US FINANCIAL MARKET Stocks Turn Higher as Jobs Growth Remains Strong – Wall Street Journal, 7/8/2022 U.S. stocks pared early losses and edged higher after the monthly jobs report beat expectations, heading toward strong weekly gains. The S&P 500 added 0.3% in recent trading, a day after the benchmark index jumped 1.5% to log a fourth consecutive gain, its longest winning streak since March. The Dow Jones Industrial Average added around 0.3%. The tech-focused Nasdaq Composite rose 0.5%. The June jobs report showed that rising interest rates [...]
Daily Market Report | July 7, 2022 US FINANCIAL MARKET U.S. Stocks Advance as Jobless Claims Rise – Wall Street Journal, 7/7/2022 U.S. stocks rose Thursday, lifted by gains across the S&P 500. The broad index rose 1.2%, while the Dow Jones Industrial Average climbed 0.9%, or about 270 points. The tech-heavy Nasdaq Composite Index gained 1.7%. Ten of the S&P 500’s 11 sectors were recently in the green. Global markets have been volatile this week amid a streak of mixed economic data. A report Thursday showed the number of new applications for U.S. [...]