Daily Market Report | 09/03/2021


Daily Market Report | September 3, 2021 US FINANCIAL MARKET Stocks Open Lower After Weak Jobs Report – Wall Street Journal, 9/3/2021 U.S. stocks inched lower ahead of the holiday weekend, although the S&P 500 remained on track to post modest weekly gains. The S&P 500 fell 0.1% shortly after the opening bell. The broad index finished at a record Thursday, its 54th closing high of the year, and is poised to end higher for the week as well. What was likely the biggest news of the week came Friday. The Labor Department’s employment [...]

Daily Market Report | 09/03/20212021-09-03T09:11:15-07:00

Daily Market Report | 09/02/2021


Daily Market Report | September 2, 2021 US FINANCIAL MARKET U.S. Stocks Rise After Economic Data – Wall Street Journal, 9/2/2021 U.S. stocks rose after fresh data on the labor market and the trade balance showed that the economic recovery remains on track. Jobless claims, a proxy for layoffs, dropped to 340,000, reaching a new pandemic low. The Fed signaled that the labor market’s recovery is a factor in its monetary policy decisions. Separately, fresh data showed that the U.S. trade deficit narrowed to $70.1 billion in July as American consumers shifted spending toward [...]

Daily Market Report | 09/02/20212021-09-02T10:05:52-07:00

Daily Market Report | 09/01/2021


Daily Market Report | September 1, 2021 US FINANCIAL MARKET Stocks Tick Higher, Building on August’s Gains – Wall Street Journal, 9/1/2021 The S&P 500 hovered near a record to start the month, building on strong gains from August and its longest winning streak since January 2018. Stocks have risen over the summer, buoyed by expectations that the economic recovery would enable corporate profits to keep expanding. Investors are broadly optimistic that shares will continue to eke out gains. However, some money managers caution that markets are likely to become more volatile in the [...]

Daily Market Report | 09/01/20212021-09-01T09:32:52-07:00

Daily Market Report | 08/31/2021


Daily Market Report | August 31, 2021 US FINANCIAL MARKET Stocks Open Lower After S&P 500 Notches Record – Wall Street Journal, 8/31/2021 U.S. stocks slipped Tuesday but were on track to end the month higher as major indexes wrapped up trading for August. The S&P 500 fell 0.1%, a day after the broad index notched its 53rd record close of the year. The Dow Jones Industrial Average lost about 10 points, or less than 0.1%. The technology-heavy Nasdaq Composite slid 0.2%. Fresh data Tuesday showed that consumer confidence in the U.S. deteriorated in [...]

Daily Market Report | 08/31/20212021-08-31T10:03:30-07:00

Daily Market Report | 08/30/2021


Daily Market Report | August 30, 2021 US FINANCIAL MARKET Stocks Rise After S&P 500, Nasdaq Hit Records – Wall Street Journal, 8/30/2021 The S&P 500 pushed further into record territory Monday after ending last week at an all-time high. The broad U.S. stock index rose 0.3%, while the tech-heavy Nasdaq Composite advanced 0.6%. The Dow Jones Industrial Average, meanwhile, ticked down 0.2%. Investor optimism was bolstered Friday by comments from Federal Reserve Chairman Jerome Powell, in which he explained why he is still confident that this year’s inflation surge would prove temporary. Disrupted [...]

Daily Market Report | 08/30/20212021-08-30T09:39:25-07:00

Daily Market Report | 08/27/2021


Daily Market Report | August 27, 2021 US FINANCIAL MARKET Stocks Rise Ahead of Powell Comments – Wall Street Journal, 8/27/2021 Stocks rose at the open Friday as investors awaited Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole, seeking clues about when the central bank might start to scale back its easy-money policies. In the bond market, the yield on 10-year Treasury notes ticked down to 1.336% from 1.342% Thursday. Major stock indexes are close to all-time highs, powered by expectations that strong economic growth will extend a surge in corporate profits. A [...]

Daily Market Report | 08/27/20212021-08-27T10:27:36-07:00

Daily Market Report | 08/26/2021


Daily Market Report | August 26, 2021 US FINANCIAL MARKET Stocks Pause After S&P 500,Nasdaq Records – Wall Street Journal, 8/26/2021 U.S. stocks ticked lower Thursday, suggesting that the S&P 500 and Nasdaq Composite Index will retreat from record levels. Money managers say their focus is largely on comments expected from Federal Reserve officials on Friday that could offer cues on the central bank’s plans for tapering stimulus measures. Fresh data Thursday showed that the U.S. economy grew 6.6% on an annualized basis in the second quarter, an upward revision from the first print [...]

Daily Market Report | 08/26/20212021-08-26T14:40:55-07:00

Daily Market Report | 08/25/2021


Daily Market Report | August 25, 2021 US FINANCIAL MARKET Stocks Pause After S&P 500, Nasdaq Hit Records – Wall Street Journal, 8/25/2021 U.S. stocks opened mixed on Wednesday, as major indexes continued to trade near record levels. Investors appeared to be holding off on making any big new bets going into the end of the week, ahead of fresh insights from Federal Reserve Chairman Jerome Powell at the central bank’s Jackson Hole symposium Friday. Money managers are torn over whether the Fed will proceed with scaling back its bond purchases in coming months, [...]

Daily Market Report | 08/25/20212021-08-25T09:53:30-07:00

Daily Market Report | 08/24/2021


Daily Market Report | August 24, 2021 US FINANCIAL MARKET Stocks Open Higher, With S&P 500 Poised for Record Close – Wall Street Journal, 8/24/2021 U.S. stocks rose Tuesday, putting the S&P 500 on pace for another record close as the approval of Pfizer’s Covid-19 vaccine continued to lift sentiment. The full approval from U.S. regulators for the Covid-19 vaccine from Pfizer and partner BioNTech has raised hopes that more unvaccinated people will get the shot, potentially diminishing a threat to the economic outlook. Comments from Fed officials at the central bank’s Jackson Hole [...]

Daily Market Report | 08/24/20212021-08-24T11:47:36-07:00

Daily Market Report | 08/23/2021


Daily Market Report | August 23, 2021 US FINANCIAL MARKET Stocks Open Higher Ahead of Economic Data – Wall Street Journal, 8/23/2021 U.S. stocks edged up Monday boosted by technology stocks as investors awaited more signals from the Federal Reserve. Investors are largely focused on the Federal Reserve’s annual economic policy symposium later this week, awaiting fresh cues on when policy makers may slow bond purchases. At the same time, rising concerns that elevated Covid-19 infection levels may slow the global economic recovery sent stocks lower last week. Dallas Fed President Rob Kaplan said [...]

Daily Market Report | 08/23/20212021-08-23T09:35:26-07:00