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Daily Market Analysis Market Focus U.S. stocks eked out a gain to close at a record with tech shares lifting the major indexes on anticipation that more fiscal spending will revive economic growth and bolster corporate earnings. The dollar weakened. The S&P 500 Index rose a bit more than one point, while the Nasdaq indexesContinue Reading
Written on January 22, 2021 at 2:18 am
Categories: Today's Analysis
Daily Market Analysis Market Focus US stocks rallied to all-time highs as investors grew optimistic that recent federal spending will revive growth and bolster corporate earnings. Treasuries were little changed while the dollar weakened. The Nasdaq 100 Index jumped more than 2% and the SP500 Index posted the best first-day reaction to a newly electedContinue Reading
Written on January 21, 2021 at 5:41 am
Categories: Today's Analysis
Daily Position Report Market Focus U.S. stocks rose, led by gains in tech shares and small caps, with Wall Street parsing the latest earnings ahead of a flood of reports this week. The S&P 500 Index rebounded from Friday’s selloff after a three-day weekend that brought little by means of fresh macro news. Ten-year TreasuryContinue Reading
Written on January 20, 2021 at 4:16 am
Categories: Today's Analysis
Daily Market Analysis Market Focus U.S. stocks fell by the most in more than a week after Wells Fargo & Co. dragged down the banking sector in the wake of disappointing fourth-quarter results. Crude oil declined from a 10-month high as the dollar strengthened. The energy and financial sectors led the S&P 500 into theContinue Reading
Written on January 18, 2021 at 1:38 am
Categories: Today's Analysis
Daily Market Analysis Market Focus US stocks fell for the first time in three days and Treasury yields climbed amid expectations of President-elect Joe Biden planning another round of Covid-19 relief of as much as $2 trillion. After approaching all-time highs most of Thursday, the S&P500 turned negative late in the trading session. Technology, communicationContinue Reading
Written on January 15, 2021 at 2:13 am
Categories: Today's Analysis
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