About: anakin
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Daily Market Analysis Market Focus US equity market is refreshing highs on brightening prospects for a robust stimulus package. The S&P 500 Index once hit 3900 after Treasury Secretary Janet Yellen said the US can return to full employment in 2020 with a robust federal paycheck. Meanwhile, Dow Jones Industrial Index extended its rally toContinue Reading
Written on February 9, 2021 at 2:37 am
Categories: Today's Analysis
Daily Market Analysis Market Focus Stocks extended their weekly rally after weaker-than-forecast US jobs data bolstered the case for President Joe Biden’s $1.9 trillion coronavirus relief package. The dollar fell. The House adopted the budget resolution that cleared the Senate early Friday, paving the way to pass a stimulus bill with only Democratic votes. TheContinue Reading
Written on February 8, 2021 at 5:38 am
Categories: Today's Analysis
Daily Market Analysis Market Focus Stocks almost wiped out their advance as a drop in technology and retail shares dragged down the Nasdaq 100. Treasuries retreated. Oil climbed. The S&P500 closed with a small gain following its biggest two-day rally in almost three months. Energy and financial shares outpaced tech even after Google’s parent AlphabetContinue Reading
Written on February 4, 2021 at 4:29 am
Categories: Today's Analysis
Daily Market Analysis Market Focus US equities gained traction on Tuesday, the three big indices each rallied nearly 2% amid corporate earnings seasons. Meanwhile, the Reddit frenzy has been cooled off, GameStop Corp. and AMC Entertainment Inc. tanked 56% and 40% respectively. The GameStop rout wiped out $27 billion market value as Redditors leave theContinue Reading
Written on February 3, 2021 at 3:05 am
Categories: Today's Analysis
Daily Market Analysis Market Focus Stocks had their biggest rally in about 10 weeks as several strategies said the recent explosion of speculative buying won’t derail the bull market in equities. In a broad-based advance led by retailers and tech companies, the S&P500 rebounded from last week’s rout as the Nasdaq 100 jumped 2.5%. Amazon.comContinue Reading
Written on February 2, 2021 at 3:57 am
Categories: Today's Analysis
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