Daily Market Report

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 [...]

Daily Market Report | Nov. 20, 2020 US FINANCIAL MARKET U.S. Stocks Drop Amid Fresh Lockdowns – Wall Street Journal, 11/19/20 U.S. stocks fell Thursday as new restrictions imposed to curb rising coronavirus infection levels weighed on the economic outlook. The U.S. logged more than 170,000 newly reported Covid-19 cases for the second time on Wednesday, and the death toll crossed the quarter-million mark. States are implementing a patchwork of new restrictions to combat its spread. Kentucky, Minnesota, Wisconsin and Illinois are adopting measures including extended mask mandates, bar and restaurant closures and limits on private [...]

Daily Market Report | Nov. 19, 2020 US FINANCIAL MARKET U.S. Stocks Drop Amid Fresh Lockdowns – Wall Street Journal, 11/19/20 U.S. stocks fell Thursday as new restrictions imposed to curb rising coronavirus infection levels weighed on the economic outlook. The U.S. logged more than 170,000 newly reported Covid-19 cases for the second time on Wednesday, and the death toll crossed the quarter-million mark. States are implementing a patchwork of new restrictions to combat its spread. Kentucky, Minnesota, Wisconsin and Illinois are adopting measures including extended mask mandates, bar and restaurant closures and limits on private [...]

Daily Market Report | Nov. 18, 2020 US FINANCIAL MARKET Dow Edges Higher on Vaccine Optimism - Wall Street Journal, 11/18/20 U.S. stocks edged higher Wednesday amid a mixed streak of earnings. Pfizer shares rose 2.7% early in the session. The drugmaker said Wednesday that final results from its joint clinical trial with BioNTech showed its coronavirus inoculation was 95% effective, and that it plans to seek authorization for the vaccine within days. Boeing jumped 4.7% after the U.S. cleared the plane maker’s 737 MAX for passenger flights, helping to resolve the plane maker’s biggest pre-pandemic [...]

Daily Market Report | Nov. 17, 2020 US FINANCIAL MARKET S&P 500, Dow drop from record levels as coronavirus cases spike – Reuters, 11/17/20 Wall Street’s main indexes fell on Tuesday with the S&P 500 and the Dow retreating from record closing highs hit a day earlier, following disappointing retail sales data and a spike in coronavirus cases across the country. The Dow notched an all-time closing high on Monday, finishing about 50 points shy of 30,000 after Moderna’s promising COVID-19 vaccine data boosted hopes of an economic recovery, overshadowing spiking coronavirus cases across the country. [...]

Daily Market Report | Nov. 16, 2020 US FINANCIAL MARKET U.S. Stocks Rise After Positive Moderna Vaccine Results – Wall Street Journal, 11/16/20 U.S. stocks jumped Monday, with the Dow Jones Industrial Average on pace to set a new all-time-high as positive results from another potential Covid-19 vaccine lifted shares of companies that have been walloped by the pandemic. Monday’s rally was broad, with shares of megacap technology companies rallying alongside banks, retailers and travel stocks. The moves came after Moderna said its experimental coronavirus vaccine was 94.5% effective at protecting people from Covid-19 in an [...]

Daily Market Report | Nov. 13, 2020 US FINANCIAL MARKET Wall Street climbs as Cisco, Disney jump after results – Reuters, 11/13/20 Wall Street gained on Friday as Disney and Cisco’s upbeat results brought the focus back to corporate earnings at the end of a volatile trading week that saw record surges in coronavirus cases and increased hopes of a working vaccine. Cisco Systems and Walt Disney were the top gainers among 30 Dow components, helping the blue-chip index rise 0.8%. The network gear maker jumped 6.3% as it gained from a work-from-home driven surge in [...]

Daily Market Report | Nov. 12, 2020 US FINANCIAL MARKET U.S. Stocks Slip on Covid-19 Concerns – Wall Street Journal, 11/12/20 Major U.S. stock indexes slid Thursday amid a pickup in Covid-19 hospitalizations and renewed talks of lockdowns and restrictions to curb the virus’s spread. Optimism about a Covid-19 vaccine powered markets higher at the start of the week, but has since been waning as investors and health experts raise questions about when it may become available for widespread use. At the same time, the U.S. recorded its highest number of hospitalizations due to the coronavirus [...]