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Daily Updates/ Market Daily Updates

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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Daily Updates/ Market Daily Updates

Stock Market Today: August 13, 2020

08/13/2020 Before the market’s open, the equity futures, which were negative prior to the weekly jobless claims release, turned positive on the aforementioned improving labor market data, though still none too far removed from the neutral line. Our sense is that these claims figures may be a further wind in the sails of the bulls as they set to embark on the penultimate trading session of a week that has so far been another productive one for those long equities. The spotlight this morning may again be on the technology space, as the NASDAQ futures are presaging a nice gain for the tech-heavy composite. Stay tuned.
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Daily Updates/ Market Daily Updates

Stock Market Today: May 20, 2020

05/20/2020 The stock market, on a veritable tear to start the new trading week on Monday, as growing hopes for a vaccine to combat COVID-19, helped to fuel a stealth advance on the session, saw the Dow Jones Industrial Average climb back above 24,000, with an advance of 912 points. As to those vaccine hopes, they were led by Moderna (MRNA), and its supportive Phase 1 test results on a relatively small sample of individuals. The stock surged on that news, but retraced some of those gains yesterday.
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Daily Updates/ Market Daily Updates

Stock Market Today: May 19, 2020

05/19/2020 The U.S. stock market displayed notable strength yesterday, commencing the week on an upbeat note. Meanwhile, Wall Street continues to keep a careful eye on the coronavirus pandemic and its impact on the corporate sector. Traders are watching, as numerous states across the nation are starting to reopen for business. Looking to the day ahead, the S&P 500 futures are indicating a slightly lower opening. 
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Daily Updates/ Market Daily Updates

Stock Market Today: May 4, 2020

05/04/2020 The month of April was a historic one for the U.S. stock market, with the major equity averages delivering their biggest one-month gains in more than three decades. However, the bullish month ended on a cloudy note and the first trading day of the new month did not bring May flowers for investors. Meanwhile, the selling is likely to resume this morning, as investors focus on reports of escalating tensions between the United States and China over the latter country’s role in the coronavirus pandemic.
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Daily Updates/ Market Daily Updates

Stock Market Today: April 20, 2020

04/20/2020 It was a game of tug of war between the bulls and the bears on Wall Street last week, with the major equity indexes seesawing back and forth in another highly volatile five-day stretch of trading. Market participants weighed both the positives and negatives, and there were many to choose from in another busy week of news that saw the first-quarter earnings season heat up. In the end, helped by asharp rally during Friday’s session, the bulls finished with the upper hand last week, as the Dow Jones Industrial Average, the NASDAQ Composite, and the S&P 500 Index produced respective rallies of 2.2%, 6.1%, and 3.0%. 
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Daily Updates/ Market Daily Updates

Stock Market Today: April 16, 2020

04/16/2020 The volatility on Wall Street was front and center once again. After a strong rally on Tuesday, the major equity averages reversed course yesterday, retracing the prior day‘s gains and then some. The major indexes were off sharply at the start of trading yesterday, and carried much of those losses throughout the highly bearish mid-week session. At the closing bell, the Dow Jones Industrial Average, the NASDAQ Composite, and the S&P 500 Index were down 445, 123, and 63 points, respectively. The selloff was even more severe in the Russell 2000, with the small-cap average down 53 points, more than double the percentages of the aforementioned indices.
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Daily Updates/ Market Daily Updates

Stock Market Today: February 18, 2020

02/18/2020 The stock market started in the red today, after the three day holiday weekend, on news that the coronavirus outbreak was worse than expected in China. Meantime, Apple (AAPL) stated that the contagion would impact its operations and sales in the first quarter. This sent the market lower in early trading with the Dow Jones Industrial Average lower by as much as 281 points. However, the market became oversold, which caused the indices to rebound and retake a substantial portion of the day’s losses. The NASDAQ even reached the green for a brief spell.
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Highlights/ StockHighlights

Dow 30 Earnings: Walmart Inc. Fiscal Fourth Quarter 2019

02/18/2020 General goods retailer Walmart Inc. (WMT) reported slightly worse-than-expected results for the fiscal fourth quarter ended January 21, 2020. Total revenue of $141.7 billion rose 2.1% year over year, but fell 3.3% short of our estimate. Too, adjusted earnings per share of $1.38 were $0.03 below the year-ago figure. Same-store sales for Walmart U.S. were up 1.9%, missing the 3% mark Walmart had been forecasting. Increases in traffic and the average transaction amount were roughly the same.
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