Daily Market Report | September 21, 2021 US FINANCIAL MARKET U.S. Stocks Wobble After Global Market Selloff – Wall Street Journal, 9/21/2021 U.S. stocks pared back early gains Tuesday, struggling to rebound after fears about China’s property sector helped fuel a global selloff in stocks and commodities. The Dow Jones Industrial Average was up 47 points, or 0.1%, to 34017. The S&P 500 edged up 0.2% and the Nasdaq Composite was up 0.4% following the two indices’ worst one-day pullback since May. Markets started the week on a tumultuous note after worries about China [...]
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Daily Market Report | September 20, 2021 US FINANCIAL MARKET Stock Market Falls on Chinese Property Fears – Wall Street Journal, 9/20/2021 U.S. stocks fell in early trading, pointing to an extension of recent losses on Wall Street as concerns regarding China’s indebted property sector rippled into global markets. The S&P 500 dropped 1.6% Monday, after the broad stocks gauge posted its biggest two-week decline since February. The Dow Jones Industrial Average lost 1.6%, or 535 points, and the technology-focused Nasdaq Composite Index fell 1.9%. Market participants increasingly believe that Beijing will let Evergrande [...]
Daily Market Report | September 17, 2021 US FINANCIAL MARKET Stock Point to Lackluster Finish for Week; Oil Pulls Back – Wall Street Journal, 9/17/2021 U.S. stocks fell in early trading as fresh data on consumer sentiment was slightly below expectations, pointing to a subdued end to a choppy week in markets. This week brought the first sign of inflation easing and an unexpected boost to retail sales, but also a slight rise in Americans applying for initial jobless claims, a proxy for layoffs. Options and futures are set to expire Friday in a [...]
Daily Market Report | September 16, 2021 US FINANCIAL MARKET Stocks Fall as Investors Parse Data, Market Decline in China – Wall Street Journal, 9/16/2021 The S&P 500 declined as investors weighed mixed signals in the latest U.S. economic data and a stock-market pullback in China. The number of Americans who applied for first-time unemployment benefits rose in the week ended Sept. 11 to 332,000, up from 312,000 in the week prior. Meanwhile, retail sales rose 0.7% in August, a sign of the economic recovery’s resilience despite the Delta variant. Economists surveyed by The [...]
Daily Market Report | September 14, 2021 US FINANCIAL MARKET Stocks Decline After Inflation Slows – Wall Street Journal, 9/14/2021 Stocks fell on Tuesday after fresh data showed that inflation climbed at a slower pace than economists expected in August. The S&P 500 declined 0.3% in morning trading. The Dow Jones Industrial Average lost more than 200 points, or 0.6%. The technology-heavy Nasdaq Composite slipped 0.1%. The Labor Department’s consumer-price index (CPI) rose a seasonally adjusted 0.3% in August from July—lower than the 0.4% that economists surveyed by The Wall Street Journal expected. The [...]
Daily Market Report | September 13, 2021 US FINANCIAL MARKET Stocks Pare Gains After Streak of Losses – Wall Street Journal, 9/13/2021 U.S. stocks rose Monday, led by a run-up in shares of energy firms, as the S&P 500 and Dow Jones Industrial Average mounted recoveries following last week’s slump. Energy stocks led the S&P 500, rising 3.3% to help the benchmark bounce back from its worst weekly performance since February. The Organization of the Petroleum Exporting Countries (OPEC) predicted stronger demand for oil next year amid ongoing disruptions, giving prices a boost. The [...]
Daily Market Report | September 10, 2021 US FINANCIAL MARKET Stocks Waver; Metals Rally on Hopes of Reduced U.S.-China Tensions – Wall Street Journal, 9/10/2021 U.S. stocks wavered on Friday and remained on track to end a choppy week with losses. The S&P 500 ticked up less than 0.1%. The benchmark index on Thursday fell for a fourth consecutive session, marking its longest losing streak since June. Stocks remain close to record highs, but turned volatile in September after climbing for much of the summer. Money managers point to an array of factors behind [...]
Daily Market Report | September 9, 2021 US FINANCIAL MARKET Stocks Rise As Jobless Claims Fall – Wall Street Journal, 9/9/2021 U.S. stock indexes rose Thursday after jobless claims hit a new pandemic low, while Hong Kong stocks took a leg down after Chinese authorities pressed ahead with online-gaming restrictions. The S&P 500 and the Dow Jones Industrial Average both added 0.3% after initially opening slightly lower. The technology-heavy Nasdaq Composite rose 0.4%. Fresh figures showed that the number of Americans who applied for first-time unemployment benefits, a metric that is seen as a [...]
Daily Market Report | September 8, 2021 US FINANCIAL MARKET Stocks Waver as Nasdaq Fades From Record – Wall Street Journal, 9/8/2021 U.S. stocks wobbled Wednesday on investors’ concerns that Covid-19 cases remain elevated and uncertainty about when central banks may dial back easy-money policies. Stocks have lost steam in recent days as investors assessed the rise in coronavirus cases and a weaker-than-expected jobs report on Friday. Money managers are awaiting fresh cues from the Federal Reserve and the European Central Bank about how signs of a slowing economic recovery and high inflation levels [...]
Daily Market Report | September 7, 2021 US FINANCIAL MARKET Stocks Mixed at the Opening – Wall Street Journal, 9/7/2021 The S&P 500 edged lower Tuesday, leaving the U.S. stock benchmark hovering close to its record after the long holiday weekend. The broad equity gauge ticked down 0.3%, adding to its drift downward Friday after the Labor Department’s employment report showed the pace of hiring slowed significantly in August. Investors credit supportive monetary policy and extensive government spending, along with the rollout of effective Covid-19 vaccines, with fueling the stock market’s ascent. But with [...]