Daily Market Report

Daily Market Report | August 4, 2021 US FINANCIAL MARKET Stocks Slide, Bonds Rally on Weak Jobs Data – Wall Street Journal, 8/4/2021 U.S. stock indexes slipped and government bonds rallied Wednesday after data showed that the private sector added fewer jobs than economists expected in July, fueling concerns that the rebound may be faltering. A report from ADP showed that 330,000 jobs were added by the private sector in July, almost half the number that economists were expecting. In bond markets, the yield on the benchmark 10-year Treasury note dropped to 1.146% from [...]

Daily Market Report | August 3, 2021 US FINANCIAL MARKET U.S. Stocks Climb Amid Earnings Optimism – Wall Street Journal, 8/3/2021 U.S. stocks edged higher Tuesday as investors assessed the latest string of corporate earnings reports. Solid economic data and earnings have helped bolster investors’ optimism that stocks can continue to grind higher following an already strong rally this year. Shares of Under Armour rose 3.3% after the company reported it swung to a profit in the second quarter. Clorox shares slid 11% after the company said it expects sales to fall slightly for [...]

Daily Market Report | August 2, 2021 US FINANCIAL MARKET U.S. Stocks Rise on Strong Earnings – Wall Street Journal, 8/2/2021 U.S. stocks rose to start August as investors cheered strong earnings growth. The S&P 500 added 0.5% Monday after closing out a sixth consecutive monthly advance. The Dow Jones Industrial Average added about 210 points, or 0.6%. The tech-heavy Nasdaq Composite added 0.3%. Some are cautious that the highly contagious Delta strain of coronavirus, a prolonged spell of inflation and China’s efforts to rein in tech firms could lead to bouts of volatility. [...]

Daily Market Report | July 30, 2021 US FINANCIAL MARKET U.S. Stocks Slide After Strong Month of Gains – Wall Street Journal, 7/30/2021 U.S. stocks edged lower Friday, although major indexes held on to their gains for the month. The S&P 500 fell 0.6% shortly after the opening bell. The Dow Jones Industrial Average declined 88 points, or 0.3%, to 34996 and the Nasdaq Composite slid 0.9%. Nevertheless, U.S. stock indexes remain on course to post gains for the month. The S&P 500 is up 2.2% for July, while the Dow industrials are up [...]

Daily Market Report | July 29, 2021 US FINANCIAL MARKET Stocks Creep Up After GDP Data – Wall Street Journal, 7/29/2021 U.S. stocks rose Thursday, pushing some major indexes toward fresh records, despite new data suggesting the economic recovery has started to slow. The Dow Jones Industrial Average added more than 150 points in recent trading, hitting an intraday record and setting the benchmark up for its highest close ever. The S&P 500 added 0.6%, also putting the broad index on course for a new high. The Nasdaq Composite also rose, gaining 0.4%. The [...]

Daily Market Report | July 28, 2021 US FINANCIAL MARKET U.S. Stocks Wobble Ahead of Fed Update – Wall Street Journal, 7/28/2021 Major U.S. stock indexes wobbled Wednesday as investors awaited fresh guidance from the Federal Reserve and another batch of earning reports from the nation’s biggest companies. The broad S&P 500 index was roughly flat in morning trading, while the Dow Jones Industrial Average slipped 0.3%. The technology-heavy Nasdaq Composite climbed 0.7%. Fed officials are set to conclude their two-day policy meeting on Wednesday, with a statement due to be released at 2 [...]

Daily Market Report | July 26, 2021 US FINANCIAL MARKET Stocks Retreat After Dow’s Record – Wall Street Journal, 7/26/2021 U.S. stocks wobbled Monday, after setting new highs last week, as markets in China and Hong Kong plummeted. The Dow Jones Industrial Average fell 0.2% after the blue chip index on Friday closed above the 35000 milestone for the first time in its history. The S&P 500 slipped less than 0.1% and the Nasdaq Composite gained 0.1%. All three indexes closed at records Friday. The mood in global markets soured after Beijing took aim [...]

Daily Market Report | July 23, 2021 US FINANCIAL MARKET Stocks Rise, on Track for Weekly Gains – Wall Street Journal, 7/23/2021 U.S. stocks rose Friday, putting major indexes on track for weekly gains after a string of strong earnings reports bolstered investor confidence following a bout of market volatility. The S&P 500 climbed 0.4%, pushing the broad market gauge to a 1.3% jump for the week, despite the steep fall that the index suffered on Monday. The Dow Jones Industrial Average added about 125 points, or 0.4%. The Nasdaq Composite gained 0.3%. All [...]

Daily Market Report | July 22, 2021 US FINANCIAL MARKET Stocks Waver as Jobless Claims Rise – Wall Street Journal, 7/22/2021 U.S. stocks wavered around the flatline Thursday, pausing after two strong days of gains. In recent days, stocks had resumed their monthslong rally, erasing most of their losses from the sharp drop on Monday when the spread of the Delta variant raised alarms about renewed lockdown measures. Investors have since sent the major indexes back up to less than 1% below their all-time highs. Semiconductor company Texas Instruments slipped 4.8% after it signaled [...]

Daily Market Report | July 20, 2021 US FINANCIAL MARKET Dow Rebounds After Biggest One-Day Decline Since October – Wall Street Journal, 7/20/2021 U.S. stocks rebounded Tuesday after a dramatic selloff Monday highlighted worries that the spread of Covid-19 variants would set back the economic recovery. The Dow Jones Industrial Average rose 475 points, or 1.4%, after falling more than 700 points Monday in its worst session since October. The S&P 500 gained 0.9%, while the tech-heavy Nasdaq Composite added 0.3%. Oil prices edged down after tumbling a day earlier on fears that Covid-19 [...]