Pence Wealth

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. [...]

Daily Market Report | July 6, 2022 US FINANCIAL MARKET Stock Markets Waver Ahead of Fed Minutes – Wall Street Journal, 7/6/2022 U.S. stocks wobbled ahead of minutes from the Federal Reserve that will be scrutinized for insights into the state of the economy and the central bank’s efforts to tame inflation through interest-rate increases. The S&P 500 fell 0.2% early Wednesday after futures on the index oscillated between small gains and losses. The broad benchmark notched a 0.2% gain on Tuesday. The Nasdaq Composite Index turned lower after an initial burst, slipping 0.1%. [...]

Daily Market Report | July 5, 2022 US FINANCIAL MARKET Stocks Slide As Investors Worry About Slowing Economic Growth – Wall Street Journal, 7/5/2022 U.S. stocks fell in early trading as worries about slowing economic growth overshadowed optimism about the possibility of the U.S. rolling back tariffs on some Chinese products. The S&P 500 fell 1.9% Tuesday to start the trading week after the U.S. stock and bond markets were closed for the Independence Day holiday. The Dow Jones Industrial Average lost 2.3%, or about 700 points, and the tech-focused Nasdaq Composite Index declined [...]

Daily Market Report | July 1, 2022 US FINANCIAL MARKET Stocks Retreat After Worst Start to Year in Decades – Wall Street Journal, 7/1/2022 U.S. stocks moved lower to start the second half of the year, deepening the week’s losses, as fears mount that the Federal Reserve’s efforts to tame inflation could tip the economy into a recession. The S&P 500 lost 0.2% Friday, adding to the Thursday decline that closed out the broad index’s worst first half of the year since 1970. The S&P, which has dropped into a bear market, is on [...]