Stock Market Today

Saturday, May 30 2020

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Stock Market Today: May 29, 2020

Harvey S. Katz, CFA | 05/29/2020

Wall Street entered the penultimate trading day of this holiday shortened week with a fresh buying burst, as equity investors sought to extend a rally that had added more than 1,000 points to the aggregate increase in the Dow Jones Industrial Average so far during this four-day span. By the end of the first half hour of trading, the blue chips already were up by more than 100 points, and the market would generally trend higher from there, largely holding onto a 100-200 points advance into the final hour of the session.

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A Discussion of the Gross Domestic Product

Harvey S. Katz, CFA | 02/24/2020

The gross domestic product, popularly known as the GDP, is the total value of the output of all goods and services produced by labor and property within the United States.

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Markets Commentaries

GAAP, Items, And Adjusted Earnings - Sometimes a Strange Tale

Value Line Research Department | 02/24/2020

It is axiomatic that a company’s stock’s price is the present value of all future cash flows it is likely to pay out, and that earnings constitute one gage of a company’s economic value. Unfortunately, there is often a lot of smoke between published profits according to generally accepted accounting principles and the real output of a company.

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