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Stock Market Today: September 25, 2020
09/25/2020
To this point, at least, September has lived up to its reputation as a difficult month for investors. Thus, after a short-lived two-day advance to start the 30-day span, Wall Street has spent the following three weeks heading notably lower, with the past several days being especially trying, with declines of over 500 points in the Dow Jones Industrial Average on Monday and Wednesday alone. Then, yesterday morning, the stock market fell further initially, with the Dow dropping by more than 200 points.
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Stock Market Today: September 11, 2020
09/11/2020
After the equity futures had moved modestly lower for most of the pre-market hours, equities started out to the upside yesterday morning, on further strength in the tech stocks. That uptick followed a strong rebound on Wednesday, in which the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ had all fashioned wire-to-wire wins after three straight days of losses.
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Stock Market Today: September 10, 2020
09/10/2020
The third time was apparently the charm. To wit, after the stock market fell for three days in succession, Wall Street reversed course yesterday, thanks to a strong comeback in tech stocks. A new day is upon us, and to get a glimpse of whether yesterday's comeback rally will extend itself, we look to the futures, which now are suggesting a modestly higher opening when trading resumes this morning.
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Stock Market Today: September 4, 2020
09/04/2020
Wall Street opened for trading yesterday morning on a generally lower note, with a sharp retreat in an overbought NASDAQ Composite leading the way lower. The Dow Jones Industrial Average opened slightly to the upside, meantime, as buying was continuing for a second straight day in some of the more depressed blue chip issues. This soft overall performance followed a bevy of early economic reports and preceded this morning's just-released issuances on employment and unemployment. As has been the case recently, the Thursday releases seemed to have little effect on equity market activity.
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Stock Market Today: September 3, 2020
09/03/2020
The stock market, which enjoyed its best day in almost two months yesterday and started the current session on just a mildly weaker note, really hit the skids in mid-morning, as the NASDAQ and the Dow Jones Industrial Average fell by 600 points and 800 points, respectively, at their morning nadirs.
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Stock Market Today: September 2, 2020
09/02/2020
It continues to be a day-after-day celebration for the bulls, particularly for the large-cap technology names, such as Apple (AAPL), most recently Zoom (ZM) and also salesforce.com (CRM). These stocks are soaring and the Dow Jones Industrial Average and the NASDAQ are continuing to press forward, in response. That was the case again yesterday, where after a slow start to the day, these two composites were showing triple-digit point advances by mid-afternoon. This latest move forward comes after a strong August that produced a string of all-time highs for the S&P 500 and the NASDAQ.
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Stock Market Today: August 31, 2020
08/31/2020
The U.S. stock market moved higher yet again last week, and may wrap up the month of August on a mixed note. Overnight, the international markets put in a decent showing. The S&P 500 futures had been quite strong earlier today, but are now pointing to a more divided session, as the opening bell approaches.
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Stock Market Today: August 27, 2020
08/27/2020
The unrelenting push higher by the stock market continued yesterday, especially the S&P 500 and the NASDAQ. The Dow Jones Industrial Average, meantime, which has been a laggard as it includes both energy-related issues and defensive stocks, started the day lower, before it regrouped and erased a near-100-point deficit as the afternoon began. But the S&P 500 and the NASDAQ both hit record highs as the morning ended. Helping boost sentiment was a stronger-than-expected showing by July durable goods orders.
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Stock Market Today: August 25, 2020
08/25/2020
The stock market started positively yesterday, as sentiment improved concerning the coronavirus pandemic. However, the indices spent most of the day trading in a sideways fashion, not moving too far in either direction after the initial move up. However, the day ended with a strong rally, as several indices reached all-time highs. Meanwhile, there was a significant change in the constituency of the Dow Jones Industrial Average that was announced after the closing bell yesterday. Overall, we think most traders will be paying attention to earnings and economic reports today.
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