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Stock Market Today: July 9, 2020
07/09/2020
The stock market seems to be balancing the positives of an improving economy with the negatives borne of a rapid surge in COVID-19 cases across more than 30 states. Meanwhile, the equity market appears set to open the session with modest upward bias, as the Street seeks to make it three out of four days this trading week with gains.
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Stock Market Today: June 29, 2020
06/29/2020
As we are set to begin the penultimate trading day of June, the main theme on Wall Street this month has been the return of volatility to the market. Recall that the 30-day stretch started on an upbeat note, with optimism that the U.S. economy was reopening across the country and a much better-than-expected employment and unemployment data for the month of May pushing equities higher.
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Stock Market Today: June 24, 2020
06/24/2020
The stock market, fresh off of an opening week win for the bulls on Monday, moved out to an early advance in the trading session yesterday morning. That initial firming followed an up-and-down session in the pre-market hours Monday evening. On point, in an interview on a cable news channel at that time, the Administration's key trade advisor indicated that the well-celebrated Phase I trade deal with China had come undone. That was quickly countered by the President who said the agreement was still intact.
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Stock Market Today: June 22, 2020
06/22/2020
The last fortnight of trading on Wall Street has been an up-and-down affair for investors. The first five trading days went to the bears, punctuated by a one-day drop of more than 1,860 points for the Dow Jones Industrial Average on June 11th. That setback resulted in a big week for the bears, with the aforementioned Dow 30 and the S&P 500 falling more than 5% each for the week ending June 12th.
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Stock Market Today: June 18, 2020
06/18/2020
The stock market tried for a so-called four-peat yesterday, as the leading averages all started the latest session to the upside, boosted by continued optimism regarding the fast-paced economic reopening across the country. So, within minutes, the Dow Jones Industrial Average, up by better than 500 points on Tuesday, pushed ahead by a notably more modest 100 points yesterday. It then went back and forth during the first half hour, mostly securing modest gains. Then, after that higher start, some profit taking ensued.
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Stock Market Today: June 11, 2020
06/11/2020
It has all come unglued for the stock market today. On point, after rallying dramatically from late-March through this Monday, with the Dow Jones Industrial Average surging from just over 18,000 to past 27,000, including some 1,300 points alone on Friday and Monday, stocks are tumbling.
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Stock Market Today: June 10, 2020
06/10/2020
Wall Street strode into yesterday morning's session on an emotional high, following days of strong equity market activity, with the gains particularly impressive this past Friday and Monday, when the Dow Jones Industrial Average had jumped by some 1,300 points combined. Stronger employment numbers issued Friday and optimism about the rapid reopening of so many of the nation's businesses were responsible for the continuing rapid recovery in the stock market.
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Stock Market Today: May 1, 2020
05/01/2020
It was a dazzling April on Wall Street, with the stock market, which has suffered a massive meltdown from late February to late March, putting on its best performance since the 1980s, as the leading indexes all scored big wins. Optimism that the state-by-state lockdowns and the broad-based social distancing policies that had been enacted would help to ease some of the pain from the COVID-19 pandemic and that the worst of this nation’s severe economic contraction would run its course over the summer, contributed to the strong gains.
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Stock Market Today: April 27, 2020
04/27/2020
Investors were taken on another roller-coaster ride last week, but the daily peaks and valleys were not as extreme as we saw when market volatility peaked in mid-March. After a sharp rally during the earlier part of April and a stretch of trading stability to follow, the U.S. equity market sold off in the first half of last week on elevated concerns about the oil and gas markets (future contracts for crude tumbled on nonexistent demand due to the negative impact of the coronavirus on global economies), weak quarterly data from Corporate America, and some nervousness as Congress had not yet passed legislation to refund the popular Payment Protection Program (PPP) to help small businesses.
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