Pence Wealth

Daily Market Report | April 18, 2022 US FINANCIAL MARKET U.S. Stocks Open Higher as Treasury Yields Keep Climbing - Wall Street Journal, 4/18/2022 U.S. stocks hovered around the flatline on Monday, while the 10-year Treasury yield continued its upward march following a three-day holiday weekend. The S&P 500 was up 0.2% in morning trading, while the Dow Jones Industrial Average ticked up 0.1%. The technology-heavy Nasdaq Composite Index gained 0.4%. U.S. government bonds tumbled again, sending the yield on the benchmark 10-year Treasury note to a high of 2.884% in early trading, according [...]

Daily Market Report | April 14, 2022 US FINANCIAL MARKET U.S. Stocks Mixed Amid Wave of Bank Earnings Reports – Wall Street Journal, 4/14/2022 The Dow Jones Industrial Average rose, boosted by solid earnings from component companies, while the S&P 500 and Nasdaq Composite fell as investors looked for clues on how soaring inflation and signs of slowing growth were expected to affect businesses. The Dow industrials added 127 points, or 0.4%, in early morning Thursday, lifted by strong earnings reports from components UnitedHealth and Goldman Sachs. The S&P 500 fell 0.5%, a day [...]

Daily Market Report | April 13, 2022 US FINANCIAL MARKET Stocks Waver as Earnings Season Kicks Off – Wall Street Journal, 4/13/2022 U.S. stock indexes notched slight gains in early trading as the first earnings reports from major companies began to roll in and investors considered the highest inflation in four decades. The S&P 500 was up less than 0.4% on Wednesday morning, after it closed down 0.3% on Tuesday. The Nasdaq Composite rose about 0.5%, and the Dow Jones Industrial Average was up about 0.1%. Shares of Delta Air Lines jumped 3.3% Wednesday [...]

Daily Market Report | April 12, 2022 US FINANCIAL MARKET Stocks Climb After Inflation Data – Wall Street Journal, 4/12/2022 U.S. stock indexes climbed and a selloff in government bonds reversed, after inflation data showed that consumer prices rose at a four-decade-high rate in March. The S&P 500 rose 0.6%, the Dow Jones Industrial Average edged up 0.3% and the technology-heavy Nasdaq Composite rose 1.2%. On Monday, major indexes retreated, with the benchmark S&P 500 losing 1.7%. The yield on the benchmark 10-year Treasury note fell to 2.712% Tuesday, having risen earlier to its [...]

Daily Market Report | April 11, 2022 US FINANCIAL MARKET U.S. Stocks Slide as Bond Yields Climb – Wall Street Journal, 4/11/2022 U.S. stocks dropped and oil prices slid Monday as Covid-19 shutdowns in China added to the uncertainty investors face in a period of rising interest rates. The S&P 500 fell 0.8%, while the Dow Jones Industrial Average slipped 0.3%, or about 100 points. The tech-heavy Nasdaq Composite declined 1.2%. The Nasdaq fell 3.9% last week, when Federal Reserve officials signaled their intent to raise borrowing costs and shrink the central bank’s balance [...]

Daily Market Report | April 8, 2022 US FINANCIAL MARKET U.S. Stocks Waver, Bonds Extend Selloff – Wall Street Journal, 4/8/2022 U.S. stocks wobbled and government bonds extended their selloff Friday as investors assessed the latest signals about Federal Reserve policy and the war in Ukraine. The S&P 500, which dropped in early trading, was recently up 0.2%. The broad-market index closed up 0.4% on Thursday. The Nasdaq Composite declined 0.5%. The blue-chip Dow Jones Industrial Average reversed its early losses, and was recently up 0.7%. The yield on the benchmark 10-year Treasury note [...]

Daily Market Report | April 7, 2022 US FINANCIAL MARKET Stocks Lose Ground as Bonds Extend Fed-Driven Selloff – Wall Street Journal, 4/7/2022 U.S. stocks retreated in morning trading as investors digested the possibility of more aggressive monetary tightening by the Federal Reserve and monitored the war in Ukraine. The S&P 500 ticked down 0.3% Thursday, a day after the benchmark gauge fell 1%. The selloff Wednesday followed the release of minutes from the Fed that showed central bankers considered raising rates by a half-percentage point at their March meeting, higher than the quarter-point [...]

Daily Market Report | April 6, 2022 US FINANCIAL MARKET Tech Stocks Fall, Bond Yields Rise Ahead of Fed Minutes – Wall Street Journal, 4/6/2022 Technology stocks declined as bond yields hit their highest level in three years and investors awaited more details about the Federal Reserve’s plan to raise interest rates. The S&P 500 slipped 1.2% in morning trading Wednesday. The benchmark stocks gauge fell 1.3% Tuesday after Fed governor Lael Brainard said the central bank was strongly committed to curbing inflation. The comments by Ms. Brainard, who last year advocated sticking with [...]

Daily Market Report | April 5, 2022 US FINANCIAL MARKET Stocks Wobble; Oil Ticks Higher – Wall Street Journal, 4/5/2022 U.S. stock indexes slipped while oil prices rose Tuesday as investors assessed what a fresh round of sanctions against Russia might look like. The S&P 500 fell 0.5% and the Dow Jones Industrial Average edged down 0.1%, a day after the indexes were pulled higher by rallying technology stocks. The tech-heavy Nasdaq Composite fell 1.3%. Twitter shares rose 4.7% after it said it would appoint Tesla Chief Executive Elon Musk to its board. The [...]

Daily Market Report | April 4, 2022 US FINANCIAL MARKET U.S. Stocks Waver, Oil Prices Rise – Wall Street Journal, 4/4/2022 U.S. stocks swung between small gains and losses and oil prices rose Monday in volatile trading as investors monitored Russia’s war with Ukraine. The S&P 500 was less than 0.1% higher in early trading and the tech-focused Nasdaq Composite Index gained 0.8% on Monday. The Dow Jones Industrial Average slipped 0.4%. U.S. stocks edged higher Friday, buoyed by a solid employment report. Investors are watching whether new reports of war crimes will add [...]