Featured Commentary


Daily Updates/ Market Daily Updates

Stock Market Today: August 26, 2020

08/26/2020 It was a slightly revised mood on Wall Street yesterday. Consumer confidence survey had fallen rather sharply in August, but data showed that new home sales had jumped in July. Beyond this mixed economic performance, the equity market was being somewhat influenced by the changes in the Dow's composition. As to the equity market, prices started to improve as the afternoon proceeded, and by the close, the S&P 500 Index and the NASDAQ were higher, with only the Dow off modestly. As to the new day, we see that the early read on the stock market on our shores is rather mixed, with the NASDAQ suggesting additional strength, but the Dow showing little movement.
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Daily Updates/ Market Daily Updates

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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Daily Updates/ Market Daily Updates

Stock Market Today: August 24, 2020

08/24/2020 The U.S. stock market moved nicely higher last week, pushing most of the broader indexes to record high territory. Looking to the day ahead, further gains seem likely in the early going.
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Daily Updates/ Market Daily Updates

Stock Market Today: July 29, 2020

07/29/2020 After back-to-back declines in the leading equity indexes late last week, Wall Street returned to its winning ways on Monday, as the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ all advanced nicely on renewed strength in technology stocks. However, a subpar quarterly issuance from Dow component McDonald's Corp. (MCD) and some dour economic news combined to again take the measure of the bulls yesterday morning. Throw in some further angst on the COVID-19 front, and the market was into an early selloff.
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Daily Updates/ Market Daily Updates

Stock Market Today: July 28, 2020

07/28/2020 The stock market started the trading week on a positive note, as earnings data began to flow in, and trader sentiment about the economy and the coronavirus improved. Looking to the day ahead, the U.S. equity futures were mixed overnight and are now pointing to a lower opening. However, we imagine earnings news will drive stock market performance today.
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Daily Updates/ Market Daily Updates

Stock Market Today: July 23, 2020

07/23/2020 The stock market, which continued its winning ways to start this week, with moderate improvement on Monday and Tuesday, ended the middle session of the week on an up note. A good existing home sales report and news surrounding a COVID-19 vaccine helped booststocks. Too, some positive earnings reports and following the reasonably positive performance by the equity market yesterday, the futures are now pointing to a further uptick when stocks open this morning.
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Daily Updates/ Market Daily Updates

Stock Market Today: July 16, 2020

07/16/2020 The stock market,up for several days in succession, sought to add to that enviable winning streak yesterday and did so, fashioning a wire-to-wire advance by the major averages. Behind this persisting optimism is the promise of further economic reopening efforts, notwithstanding the selective pauses now in effect due to the accelerating rise in COVID-19 cases, the often less-ominous tone of earnings, and growing hopes for a vaccine to combat this pandemic. Following another strong day on Wall Street, the U.S. equity futures moved back and forth after the close yesterday and into the evening. At present, the futures are suggesting a lower opening to the new trading day later this morning.
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Daily Updates/ Market Daily Updates

Stock Market Today: July 13, 2020

07/13/2020 The phrase that might best describe what is happening on Wall Street these days is “investors continue to climb the wall of worry”. Indeed, the major equity indexes, led by the NASDAQ Composite which ended the most recent five-day stretch with three consecutive record highs on its way to the doorstep of the 11,000 mark, rose again last week despite some disconcerting factors still in play as the second half of the trading year got underway.
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Daily Updates/ Market Daily Updates

Stock Market Today: July 2, 2020

07/02/2020 Yesterday, stocks came out of the gate going immediately to the upside following some choppy trading in the pre-market, to start the third quarter. Still, the major market averages closed the day on a mixed note. This morning, the Labor Department’s non-farm payrolls release reported that the nation added a larger-than-expected 4.8 million jobs in June. Looking ahead to today’s session, the equity futures, already up sharply in the pre-market have gained further, setting up a strong opening in a few minutes.
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