Daily Market Report | 05/26/2021

2021-05-26T10:35:54-07:00

Daily Market Report | May 26, 2021 Stocks Edge Up as Worries Around Inflation Abate – Wall Street Journal, 5/26/2021 U.S. stocks rose on Wednesday morning as investors grew more comfortable that the Federal Reserve and other central banks would maintain their economic support despite a near-term bout of inflation. Investors had worried that higher inflation would cause Fed officials to dial back the monetary policy that pulled markets back from the Covid-19 selloff last year. While officials in recent days have indicated they may begin discussing scaling back measures, they have stressed that [...]

Daily Market Report | 05/26/20212021-05-26T10:35:54-07:00

Daily Market Report | 05/25/2021

2021-05-25T09:46:30-07:00

Daily Market Report | May 25, 2021 Stocks Open Higher, Led by Tech – Wall Street Journal, 5/25/2021 Major U.S. stock indexes opened higher Tuesday, putting stocks on course for a second day of gains led by technology companies, while bitcoin prices edged lower after a period of volatile trading. The broad S&P 500 index rose 0.3%, while the blue-chip Dow Jones Industrial Average gained 0.2%. The Nasdaq-100 rose 0.4%, putting technology stocks for gains a day after they led broader markets higher. Stocks jumped to start the week, as recent comments from Federal [...]

Daily Market Report | 05/25/20212021-05-25T09:46:30-07:00

Daily Market Report | 05/24/2021

2021-05-24T10:16:10-07:00

Daily Market Report | May 24, 2021 Covid-19 Live Updates: U.S. Case Averages at 11-Month Lows – Wall Street Journal, 5/24/2021 The average number of newly reported Covid-19 cases in the U.S. has fallen below 30,000 and are steadily decreasing, as more of the nation gets vaccinated against the deadly illness. There were 12,853 new Covid-19 cases reported in the U.S. for Sunday, according to the latest Johns Hopkins data. That was down from 16,864 a week earlier. About a third of states don’t report cases or deaths on the weekends. There were 190 [...]

Daily Market Report | 05/24/20212021-05-24T10:16:10-07:00

Daily Market Report | 05/21/2021

2021-05-21T10:43:03-07:00

Daily Market Report | May 21, 2021 Stocks Rise to End Volatile Week – Wall Street Journal, 5/21/2021 U.S. stocks edged higher for a second consecutive session Friday, putting major indexes on track to end a turbulent week roughly where they began. The S&P 500 rose 0.6%, building on its 1.1% gain a day earlier to push the broad benchmark up 0.2% for the week. The Dow Jones Industrial Average added 265 points, leaving it mostly flat over the past five trading days. The Nasdaq Composite advanced 0.3% and is poised for a 1.1% [...]

Daily Market Report | 05/21/20212021-05-21T10:43:03-07:00

Daily Market Report | 05/20/2021

2021-05-20T11:27:59-07:00

Daily Market Report | May 20, 2021 Tech Stocks Lead Rebound After Jobless Claims Drop – Wall Street Journal, 5/20/2021 U.S. stocks rebounded Thursday after jobless claims data showed that the labor market continued to recover, putting major indexes on track to snap a three-day losing streak. The S&P 500 edged up 0.6% shortly after the opening bell, while the Dow Jones Industrial Average gained 0.3%. The technology-heavy Nasdaq Composite gained 1%. Fresh data showed that 444,000 Americans applied for first-time unemployment benefits in the week ended May 15, down from 478,000 in the [...]

Daily Market Report | 05/20/20212021-05-20T11:27:59-07:00

Daily Market Report | 05/19/2021

2021-05-19T11:12:09-07:00

Daily Market Report | May 19, 2021 Covid-19 Live Updates: Newly Reported U.S. Cases Below 30,000 for Fourth Straight Day – Wall Street Journal, 5/19/2021 Newly reported coronavirus cases in the U.S. edged down, while federal health officials said hundreds of thousands of people between the ages of 12 and 15 have been vaccinated. The U.S. reported 27,851 new cases for Tuesday, according to the latest data compiled by Johns Hopkins University. Tuesday’s figure was slightly lower than Monday’s revised total of 28,634, and marked the fourth day in a row that new cases [...]

Daily Market Report | 05/19/20212021-05-19T11:12:09-07:00

Daily Market Report | 05/18/2021

2021-05-18T09:25:57-07:00

Daily Market Report | May 18, 2021 Tech Shares Edge Up After Falling on Inflation Worries – Wall Street Journal, 5/18/2021 U.S. stocks hovered near the flatline Tuesday, while technology shares inched higher and were poised for a modest rebound. The S&P 500 slipped 0.2% shortly after the opening bell. The Dow Jones Industrial Average declined 0.3%. The Nasdaq Composite gained 0.3%, putting technology shares on course to pare some recent losses. While tech stocks have taken the biggest hit from rising inflation concerns, some investors see the recent retreat as an opportunity to [...]

Daily Market Report | 05/18/20212021-05-18T09:25:57-07:00

Daily Market Report | 05/17/2021

2021-05-17T09:22:51-07:00

Daily Market Report | May 17, 2021 U.S. Stocks Slip to Start the Week – Wall Street Journal, 5/17/2021 The Dow Jones Industrial Average fell 142 points, or 0.4%, after the opening bell. The S&P 500 dropped 0.4%, while the technology-heavy Nasdaq Composite declined 0.5%. With earnings season drawing to a close, investors remain focused on whether a recent jump in inflation will blow over or become entrenched. Those concerns last week led the S&P 500 to post its biggest decline since late February, even after staging a rebound Friday. Highflying tech stocks have [...]

Daily Market Report | 05/17/20212021-05-17T09:22:51-07:00

Daily Market Report | 05/13/2021

2021-05-13T09:45:07-07:00

Daily Market Report | May 12, 2021 Stocks Rise, on Track to Snap Three-Day Selloff – Wall Street Journal, 5/13/2021 U.S. stocks soared Thursday, chipping away at losses after suffering their worst three-day decline since late October. The Dow Jones Industrial Average jumped 510 points, or 1.5%, lifted by shares of everything from manufacturers to technology giants. The S&P 500 gained 1.5%, and the Nasdaq Composite climbed 1.5%. Thursday’s market moves marked a comeback for U.S. stocks after a jittery start to the week. Signs that inflation may be picking up faster than expected [...]

Daily Market Report | 05/13/20212021-05-13T09:45:07-07:00

Daily Market Report | 05/12/2021

2021-05-12T10:39:17-07:00

Daily Market Report | May 12, 2021 Stocks Slide on Inflation Data, Extending Decline – Wall Street Journal, 5/12/2021 U.S. stocks fell Wednesday, extending their recent declines after fresh data that showed the rise in consumer prices picked up speed in April. The S&P 500 dropped 0.7%, after starting the week with its biggest two-day decline since early March. The Dow Jones Industrial Average slipped 0.5%, or about 181 points, while the tech-heavy Nasdaq Composite retreated 1.1%. The consumer-price index jumped 4.2% in April from a year before, the Labor Department said Wednesday, the [...]

Daily Market Report | 05/12/20212021-05-12T10:39:17-07:00