Pence Wealth

Daily Market Report | 01/10/2024 US FINANCIAL MARKET Wall Street Traders on Hold in Run-Up to CPI Data: Markets Wrap - Bloomberg, 1/10/2024 Stocks, bonds, and the dollar saw small moves, with investors awaiting Thursday’s inflation data for clues on the Federal Reserve outlook. The S&P 500 rose 0.1%. The Nasdaq 100 rose 0.2%. The Dow Jones Industrial Average changed little. The yield on 10-year Treasuries declined two basis points to 3.99%. Bitcoin traded around $45,000 before a US Securities and Exchange Commission decision to approve exchange-traded funds holding the digital asset. Oil rose [...]

Daily Market Report | 01/09/2024 US FINANCIAL MARKET Stocks Fall After Tech-Led Bounce; Oil Rebounds: Markets Wrap - Bloomberg, 1/9/2024 Stocks fell after a tech-led bounce as Treasury 10-year yields fluctuated above 4%. Oil climbed. The S&P 500 extended this year’s losses. The S&P 500 fell 0.6%. The Nasdaq 100 fell 0.7%. The Dow Jones Industrial Average fell 0.6%. Tech shares came under pressure after Samsung Electronics posted its sixth straight quarter of declining operating profit. Juniper Networks jumped after a news report that the company was in advanced talks to be sold to [...]

Daily Market Report | 01/08/2024 US FINANCIAL MARKET US Stocks Wobble After Selloff as Boeing Sinks: Markets Wrap - Bloomberg, 1/8/2024 Stocks, bonds, and the dollar saw small moves at the start of a week that will bring critical inflation data and bank earnings. The Dow Jones Industrial Average underperformed major benchmarks, with Boeing slumping as the grounding of its 737 Max 9 quickly gathered pace after a fuselage section on a brand-new Alaska Airlines jet blew out during flight. Energy shares weighed on the S&P 500 as oil declined after Saudi Arabia cut [...]

Daily Market Report | 01/04/2024 US FINANCIAL MARKET Bonds Slide After Jobs Data Curb Rate Cut Bets: Markets Wrap - Bloomberg, 1/4/2024 Treasury yields rose while technology stocks wobbled after robust jobs data sparked doubts about how soon and deeply the Federal Reserve could start cutting interest rates. The Nasdaq 100 was little changed as the tech-heavy benchmark pulls back from what could be its longest losing streak in over a year. Apple dipped after its second downgrade this week as Piper Sandler flagged concern about iPhone inventory levels. S&P 500 edged higher after [...]

Daily Market Report | 01/03/2024 US FINANCIAL MARKET Bonds Bounce Off Lows, Stocks Drop Deepens on Data: Markets Wrap - Bloomberg, 1/3/2024 US bonds pared losses while stocks extended their new-year rout following mixed data on factory activity and the labor market. Ten-year Treasury yields pared a climb from above 4%, the highest since mid-December, while the S&P 500 slid 0.6%. The Nasdaq 100 fell 0.8% as investors continued their retreat from tech stocks. The Dow Jones Industrial Average fell 0.5%. The dollar advanced as it strengthened for a fourth day, the longest run [...]

Daily Market Report | 01/02/2024 US FINANCIAL MARKET Nasdaq 100 Drops Over 1%, Bonds Retreat From Rally: Markets Wrap - Bloomberg, 1/2/2024 US stocks and Treasuries dropped as traders trimmed their bets on interest-rate cuts and speculated that the recent rally has been overdone. The Nasdaq index slid 1.6% in the tech-heavy benchmark’s biggest drop in about a month. The S&P 500 fell 0.8%. The Dow Jones Industrial Average fell 0.2%. Tesla reversed a premarket climb after leaving out closely watched Cybertruck delivery details from its quarterly production results. The 10-year Treasury yield rose [...]