Pence Wealth

Daily Market Report | August 16, 2022 US FINANCIAL MARKET Stocks Mixed With Retail Earnings in Focus – Wall Street Journal, 8/16/2022 U.S. stock indexes were mixed Tuesday morning as investors parsed earnings from major retailers that showed consumers are still shopping despite higher inflation. The S&P 500 was up 0.1%, reversing earlier losses. The Nasdaq Composite fell throughout early morning trading to 0.3%, indicating muted declines for technology stocks, and the Dow Jones Industrial Average was up 0.6%. Stocks have largely rallied in recent days, with the S&P 500 climbing for four straight [...]

Daily Market Report | August 15, 2022 US FINANCIAL MARKET Stocks Fall as China’s Economy Slows – Wall Street Journal, 8/15/2022 U.S. stocks and commodity prices fell as slowing growth in China raised concerns about the global economy and demand in the world’s biggest consumer of raw materials. Data on factory output, investment, consumer spending and real estate, among other indicators, showed China’s economy stumbled in July, prompting the central bank to cut interest rates. The slowdown adds to pressure on the world economy stemming from the war in Ukraine, high energy prices in [...]

Daily Market Report | August 12, 2022 US FINANCIAL MARKET U.S. Stocks Climb, Extending Rally – Wall Street Journal, 8/12/2022 U.S. stocks rose Friday, poised to close out a fourth weekly advance, extending a rally driven by signs of a slowdown in inflation. The S&P 500 climbed 0.6%, putting the benchmark stocks gauge on track for its longest winning streak since one that ended in early November. The Dow Jones Industrial Average rose 116 points, or 0.3%, and the Nasdaq Composite added 0.8%. Investors hope a recent deceleration in consumer-price growth will encourage the [...]

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 | 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 | 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 [...]