Category Archives: Today’s Analysis
Written on February 17, 2021 at 1:59 am, by anakin
Daily Market Analysis Market Focus US bond yields surged to the highest in a year, while American stocks climbed to records as optimism over the economic recovery continued to ripple through markets. The yield on the benchmark 10-year Treasury note increased as much as nine basis points to 1.30%, the highest since Feb 2020. GlobalContinue Reading
Written on February 16, 2021 at 3:25 am, by anakin
Daily Market Analysis Market Focus Global stocks and US equity futures rallied as investors took comfort in progress on the Covid-19 vaccine rollout, while freezing temperatures in Texas and across the American South roiled energy markets. The dollar weakened, and US and Canadian stock markets were closed for national holidays. The FTSE 100 Index finishedContinue Reading
Written on February 15, 2021 at 4:16 am, by anakin
Daily Market Analysis Market Focus US equities swung back and forth, the three big indices closed the last trading day with little gains. Treasury Secretary Janet Yellen emphasized the need for more supportive fiscal stimulus to help recover global economy during her first call with the G-7 group. She also suggested expanding the International MonetaryContinue Reading
Written on February 11, 2021 at 4:08 am, by anakin
Daily Market Analysis Market Focus US equities declined as technology stocks were leading the retreat, the Nasdaq Index dipped 0.52%. Twitter Inc. and Lyft Inc. turned up again the tide, Twitter Inc. surged after reporting a jump in revenue, meanwhile Lyft Inc. co-founder said the company will absolutely turn a quarterly profit this year. TheContinue Reading
Written on February 10, 2021 at 5:04 am, by anakin
Daily Market Analysis Market Focus US stocks halted a six-day winning streak as investors debated whether commitments by the Federal Reserve and the Biden administration to let the economy run hot will spark destabilizing inflation. The S&P 500 Index edged lower from an all-time high after a 5.4% surge this month fueled by signs theContinue Reading
Written on February 9, 2021 at 2:37 am, by anakin
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 8, 2021 at 5:38 am, by anakin
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 4, 2021 at 4:29 am, by anakin
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 3, 2021 at 3:05 am, by anakin
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 2, 2021 at 3:57 am, by anakin
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
