Daily Market Report

Daily Market Report | December 3, 2021 US FINANCIAL MARKET Stocks Give Up Early Gains After Jobs Report – Wall Street Journal, 12/3/2021 Major U.S. indexes gave up their strong early gains and turned lower, setting them on track to finish a bumpy week on Wall Street with losses. The S&P 500 slipped 0.5%, dragged down by shares of tech companies. The index rallied Thursday despite uncertainty about the Omicron variant’s potential impact on the global economy. The tech-focused Nasdaq Composite lost 1.3%. The Dow Jones Industrial Average fell 0.2%. The latest monthly jobs [...]

Daily Market Report | December 2, 2021 US FINANCIAL MARKET Stocks Rise After Omicron-Driven Selloff – Wall Street Journal, 12/2/2021 U.S. stocks climbed Thursday after a seesaw day driven by uncertainty about the potential impact of the Omicron Covid-19 variant. The S&P 500 edged up 0.7%, indicating the broad-market index may recoup some losses. The Dow Jones Industrial Average rose 1.1%, while the Nasdaq Composite added 0.4%. Markets have bounced back and forth this week in reaction to pandemic headlines. Wall Street lost ground Wednesday after the first Omicron case was identified in the [...]

Daily Market Report | December 1, 2021 US FINANCIAL MARKET Stocks Rebound as Seesaw Moves on Omicron Continue – Wall Street Journal, 12/1/2021 U.S. stocks and oil prices rose, clawing back some losses sparked by worries over the Omicron variant and the unwinding of Federal Reserve stimulus. Investors have little to go on as they assess whether the variant will lead to renewed restrictions in the U.S. and elsewhere and, if so, how governments and central banks would respond to support the economy. Though drugmakers have said the variant first identified in southern Africa [...]

Daily Market Report | November 30, 2021 US FINANCIAL MARKET Stocks, Oil Drop on Omicron Variant Concerns – Wall Street Journal, 11/30/2021 U.S. stock indexes fell and investors sheltered in government bonds after drugmakers raised concerns that Covid-19 vaccines might not work as well against the new Omicron strain. The S&P 500 declined 0.4%, and the Dow Jones Industrial Average fell 0.7%, or about 250 points. The tech-heavy Nasdaq Composite, meanwhile, added 0.1%. Major indexes closed higher Monday, rebounding from a sharp selloff last week. Investors are trying to parse the risk posed by [...]

Daily Market Report | November 29, 2021 US FINANCIAL MARKET Stocks Rise as Investors Weigh Omicron Variant – Wall Street Journal, 11/29/2021 U.S. stocks and oil prices recouped some losses from Friday’s selloff, with investors betting the impact of the Omicron Covid-19 variant will be less profound than initially feared. The S&P 500 gained 1% in morning trading Monday. The index suffered its worst one-day percentage decline since February on Friday after South Africa identified a fast-spreading strain of the coronavirus, which the World Health Organization has named Omicron. The tech-focused Nasdaq Index rallied [...]

Daily Market Report | November 24, 2021 US FINANCIAL MARKET Stocks Fall Ahead of Fed Minutes – Wall Street Journal, 11/24/2021 U.S. stocks weakened Wednesday as investors awaited minutes from the Federal Reserve’s latest meeting. The S&P 500 edged down 0.2%, while the blue-chip Dow Jones Industrial Average weakened 0.3%, or about 110 points. The Nasdaq Composite Index fell 0.2%. That puts the technology-heavy index on pace to decline for a third consecutive day amid a rise in bond yields. Stock-market gains have been tempered in recent weeks by concerns over fresh coronavirus lockdowns [...]

Daily Market Report | November 23, 2021 US FINANCIAL MARKET Stocks Waver, Bond Yields Rise After Powell Nomination – Wall Street Journal, 11/23/2021 U.S. stocks toed the flat line while bond yields rose Tuesday in the wake of Jerome Powell’s nomination to continue as Federal Reserve chairman. The S&P 500 ticked down 0.2%, while the Dow Jones Industrial Average was essentially flat. The tech-heavy Nasdaq Composite slipped 0.6% after losing more than 1% Monday. Bond yields continued to rise Tuesday, with investors pricing in more certainty for the Fed’s plans to taper asset purchases [...]

Daily Market Report | November 22, 2021 US FINANCIAL MARKET Stocks Open Higher as Investors Greet Powell Nomination Announcement – Wall Street Journal, 11/22/2021 U.S. stocks opened higher following the news that President Biden would nominate Jerome Powell for a second term as chairman of the Federal Reserve. The decision, revealed Monday before the stock market opened, ended a guessing game over who would lead the Fed during a period in which the central bank is expected to unwind coronavirus-era stimulus measures. The Fed this month approved plans to scale back its bond-buying program, [...]

Daily Market Report | November 19, 2021 US FINANCIAL MARKET Stocks Waver as Bond Yields, Oil Drop – Wall Street Journal, 11/19/2021 U.S. stocks were mixed Friday and investors piled into the safety of the dollar and government bonds after fresh Covid-19 restrictions in Europe clouded prospects for the global economic recovery. The S&P 500 opened flat, after the index closed at an all-time high Thursday. The Dow Jones Industrial Average declined 0.4%, while the tech-heavy Nasdaq Composite climbed 0.3%. Oil prices were hammered by concerns about energy demand amid renewed lockdowns. Global benchmark [...]

Daily Market Report | November 18, 2021 US FINANCIAL MARKET Stocks Tick Lower, Retreating Farther From Highs – Wall Street Journal, 11/18/2021 U.S. stocks turned lower in morning trading despite strong earnings from Macy’s and Kohl’s and unemployment data that showed the labor market is continuing to recover. The S&P 500 ticked down 0.1% after the broad-market index closed down 0.3% Wednesday. The Nasdaq Composite Index declined 0.2%, as technology stocks erased early gains. The Dow Jones Industrial Average slipped 0.5%. Shares of Macy’s surged 19% and Kohl’s jumped 7.4%, as both retailers released [...]