Daily Market Report | May 28, 2021 Stocks Climb as Investors Weigh Inflation Data – Wall Street Journal, 5/28/2021 The S&P 500 edged higher in the final trading day of the week, heading toward a fourth consecutive month of gains. The S&P 500 added 0.2% shortly after the opening bell. The tech-heavy Nasdaq Composite gained 0.4%. The Dow Jones Industrial Average gained around 77 points, or 0.2%. The Federal Reserve’s preferred measure of inflation—the price index for personal-consumption expenditure, excluding food and energy—rose 3.1% from a year earlier. A surge in demand after Covid-19 [...]
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Daily Market Report | Mar. 2, 2021 Stocks Edge Lower After Monday’s Rally – Wall Street Journal, 3/2/2021 S. stocks edged lower Tuesday, pausing after Monday’s blockbuster rally as investors continued to digest volatility in both shares and bonds. The S&P 500 lost 0.2% shortly after the opening bell, pulling back after it surged 2.4% Monday to log its best day since June. The Dow Jones Industrial Average traded essentially flat. Meanwhile, the tech-heavy Nasdaq Composite lost 0.4%. The yield on the 10-year U.S. Treasury bonds ticked down to 1.433%, from 1.444% on Monday. [...]
Daily Market Report | Mar. 1, 2021 U.S. Stocks Climb as Bond Markets Calm – Wall Street Journal, 3/1/2021 S. stocks surged Monday as a weekslong advance in government bond yields stalled, easing investors’ jitters over rising interest rates. The Dow Jones Industrial Average soared 645 points, or 2.1%, after the opening bell. The S&P 500 gained 2%, while the technology-heavy Nasdaq Composite jumped 1.9%. Monday’s broad advance came as the yield on 10-year Treasury notes, the benchmark borrowing cost in global debt markets, slipped to 1.42% from 1.459% Friday. Yields fall when bond [...]
Daily Market Report | Dec. 14, 2020 U.S. Stocks Rise on Vaccine Rollout, Stimulus Hopes – Wall Street Journal, 12/14/20 U.S. stocks rose Monday on optimism that talks for additional fiscal stimulus are progressing and that the rollout of Covid-19 vaccines could help stem the pandemic. U.S. lawmakers on Sunday signaled a growing willingness to compromise on the most contentious issues that have held up the passage of a fresh coronavirus-relief package in recent months. Leadership from both parties indicated they might look to passing a narrower spending bill. Investors are betting that a deal will [...]
Daily Market Report | Nov. 25, 2020 US FINANCIAL MARKET Stocks Pause After Dow’s 30000 Milestone – Wall Street Journal, 11/25/20 U.S. stocks wavered a day after the Dow Jones Industrial Average breached 30000 points for the first time, and as investors looked ahead to a packed day of economic data. Stocks have been boosted in recent days by hopes that vaccines for Covid-19 could soon become widely available. The easing of concerns around the presidential transition have also boosted investor sentiment. Plus, President-elect Joe Biden’s pick of former Federal Reserve head Janet Yellen for Treasury [...]
Daily Market Report | Nov. 24, 2020 US FINANCIAL MARKET U.S. Stocks Climb as Election Uncertainty Ebbs – Wall Street Journal, 11/24/20 U.S. stocks rose Tuesday after President Trump said his aides would cooperate with President-elect Joe Biden’s transition to the White House, easing investors’ concerns about a drawn-out period of uncertainty. Investors are cheering signs that a protracted fight over control of the White House is potentially drawing to a close, reducing political risks over the winter months. The General Services Administration chief said Monday that her agency would provide Mr. Biden federal resources meant [...]
Daily Market Report | Nov. 23, 2020 US FINANCIAL MARKET Stock Rikse on Covid-19 Vaccine Results – Wall Street Journal, 11/23/20 U.S. stocks rose Monday after promising results on a Covid-19 vaccine bolstered hopes for an economic rebound in 2021. Ten of the S&P 500’s 11 sectors gained Monday, with economically sensitive sectors like energy and financials among the strongest performers. The University of Oxford and AstraZeneca said their vaccine was found to be as much as 90% effective in preventing infections without serious side effects in a large trial. The results added to optimism among [...]