Daily Market Report

Daily Market Report | 11/11/2020


Daily Market Report | Nov. 11, 2020 US FINANCIAL MARKET U.S. Stocks Rise, Led by Tech Sector – Wall Street Journal, 11/11/20 Technology shares lifted major indexes Wednesday after lagging earlier this week as promising vaccine news sent U.S. stocks rallying. Megacap tech stocks powered markets higher through 2020 but took a hit earlier this week as investors cheered progress toward a Covid-19 vaccine and began rotating into cyclical sectors such as manufacturing and energy. The rollout of a Covid-19 vaccine is likely to power the global economic recovery and lift stocks across sectors, giving momentum [...]

Daily Market Report | 11/11/20202020-11-11T09:45:39-08:00

Daily Market Report | 11/10/2020


Daily Market Report | Nov. 10, 2020 US FINANCIAL MARKET Stocks Wobble as Investors Grow Cautious – Wall Street Journal, 11/10/20 U.S. stocks wobbled Tuesday, with elevated Covid-19 infection levels, muted stimulus expectations and caution about the timing of vaccines tempering the exuberance that left major indexes hovering near record highs one day earlier. The U.S. reported more than 100,000 coronavirus cases for the seventh straight day and hospitals face an uptick in patients. That is triggering speculation that local authorities from New York to California may reinstitute some lockdown measures to curb the outbreak. Expectations [...]

Daily Market Report | 11/10/20202020-11-10T11:29:39-08:00

Daily Market Report | 11/09/2020


Daily Market Report | Nov. 09, 2020 US FINANCIAL MARKET Dow Surges to Intraday Record on Vaccine Results, Biden Win – Wall Street Journal, 11/9/20 U.S. stocks jumped to fresh records Monday after progress on a Covid-19 vaccine and Democrat Joe Biden’s electoral victory sent indexes soaring and boosted companies in the hardest-hit sectors of the economy. Markets rallied after a vaccine developed by Pfizer and partner BioNTech proved better than expected at protecting people from Covid-19 in a pivotal study, a milestone in the hunt for shots that can stop the global pandemic. The positive, [...]

Daily Market Report | 11/09/20202020-11-09T11:08:58-08:00

Daily Market Report | 11/06/2020


Daily Market Report | Nov. 06, 2020 US FINANCIAL MARKET U.S. Stocks Waver as Election-Week Rally Pauses – The WSJ, 11/6/20 U.S. stocks pared losses Friday as the sharpest weekly rally since April was interrupted as investors focused on the still-undecided presidential election, surging Covid cases and fresh jobs numbers. Stock futures pared their losses after the latest jobs report showed hiring picked up last month at a stronger pace than expected. The unemployment rate fell to 6.9% in October, better than the 7.7% figure economists had forecast. The U.S. economy added 638,000 jobs in October, [...]

Daily Market Report | 11/06/20202020-11-06T11:25:56-08:00

Daily Market Report | 11/05/2020


Daily Market Report | Nov. 05, 2020 US FINANCIAL MARKET Stocks Climb, Extending Biggest Weekly Rally Since April – Wall Street Journal, 11/5/20 U.S. stocks surged Thursday, on track to extend their sharpest weekly rally since April, as investors cheered the prospect of curbs on new regulations and diminished chances of higher taxes under a split Congress. Democratic candidate Joe Biden is within striking distance of the presidency, potentially bringing to an end weeks of uncertainty about the U.S. election that has weighed on markets. Republicans have won enough seats to potentially retain control of the [...]

Daily Market Report | 11/05/20202020-11-05T10:03:21-08:00

Daily Market Report | 11/04/2020


Daily Market Report | Nov. 04, 2020 US FINANCIAL MARKET Wall Street surges on tech boost as presidential race remains undecided – Reuters, 11/4/20 Technology stocks pushed Wall Street’s major averages higher on Wednesday as the race for the White House went down to the wire, although investors remained worried about the prospect of a contested result. In a race that has been too close to call, both President Donald Trump and Democratic nominee Joe Biden still have possible paths to reach the needed 270 Electoral College votes to win as states keep counting a surge [...]

Daily Market Report | 11/04/20202020-11-04T11:27:22-08:00

Daily Market Report | 11/03/2020


Daily Market Report | Nov. 03, 2020 US FINANCIAL MARKET Stocks Extend Gains Amid Election-Day Vote – Wall Street Journal, 11/3/20 U.S. stocks rose as millions of Americans head to the polls, setting markets up for a second consecutive day of strong gains. Equities have generally done well under President Donald Trump—the S&P 500 has surged 55% since the 2016 election. But the market lately is being buoyed partly by bets that former Vice President Joe Biden will win the White House, and Democrats will take control of Congress. That outcome would make it more likely [...]

Daily Market Report | 11/03/20202020-11-03T09:45:19-08:00

Daily Market Report | 11/02/2020


Daily Market Report | Nov. 02, 2020 US FINANCIAL MARKET S&P, Dow Industrials Climb as Election Looms – Wall Street Journal, 11/2/20 Major U.S. stock indexes jumped Monday ahead of an election that will shape the government’s response to the coronavirus pandemic and economic downturn. Former Vice President Joe Biden is leading President Trump by 10 percentage points among voters nationally in the final days of the election campaign, according to a new Wall Street Journal/NBC News poll. Investors have been hoping for a definitive result in the presidential race, helping avoid a contested outcome, and [...]

Daily Market Report | 11/02/20202020-11-03T09:48:52-08:00

Daily Market Report | 10/29/2020


Daily Market Report | Oct. 29, 2020 US FINANCIAL MARKET U.S. Stocks Edge Up Ahead of Tech Earnings – Wall Street Journal, 10/29/20 U.S. stocks edged up Thursday, rebounding after fresh data showed jobless claims dropped and the economy expanded sharply in the third quarter. Worries that an uptick in Covid-19 cases will lead to new lockdowns and restrictions, which could erode the pace of economic recovery, have weighed on markets this week in both the U.S. and Europe. The U.S. reported nearly 79,000 new coronavirus cases for Wednesday, the second day in a row the [...]

Daily Market Report | 10/29/20202020-10-29T13:17:53-07:00

Daily Market Report | 10/28/2020


Daily Market Report | Oct. 28, 2020 US FINANCIAL MARKET Wall Street slumps as surge in virus cases clouds recovery outlook – Reuters, 10/28/20 Wall Street main indexes slumped on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery. Shares of hotels, airlines and other companies sensitive to COVID-19-related curbs dropped with Wynn Resorts down 2% and the S&P 500 airlines index declining 3%. The energy index lost about 3% as oil prices fell on fears of lower fuel demand. New cases and hospitalizations [...]

Daily Market Report | 10/28/20202020-10-28T14:46:09-07:00