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Daily Updates/ Market Daily Updates

Stock Market Today: May 20, 2021

05/20/2021 This has been a volatile trading week. Three-straight losing sessions find the bulls searching today for a catalyst to turn the tide. That will have to come from the business beat, as earnings season is winding down. Traders have been spooked by inflation concerns and the worry that higher prices may force the Federal Reserve to raise interest rates sooner than expected. This morning, the equity futures are suggesting a mixed start for the U.S. stock market.
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Daily Updates/ Market Daily Updates

Stock Market Today: May 19, 2021

05/19/2021 The stock market started in the green yesterday, as a few retailing names reported strong first-quarter results. Dow-Component Walmart (WMT) recorded better-than-expected results, and its stock moved higher in the first moments of the trading session. Likewise, The Home Depot (HD) posted impressive results, suggesting that consumers are in a good position and have been using their stimulus checks.
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Daily Updates/ Market Daily Updates

Stock Market Today: May 18, 2021

05/18/2021 The U.S. stock market retreated yesterday, with continued softness in many of the technology issues. This dynamic market sector seems to have lost its leadership position lately. Some of the weakness reflects concerns about inflationary pressures and the possibility of higher interest rates. Elevated equity valuations have also been playing a role.
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Daily Updates/ Market Daily Updates

Stock Market Today: February 19, 2021

02/19/2021 The volatility continues apace on Wall Street, with action over the past two trading sessions being especially frenetic. The reason for these gyrations are the high price-earnings ratios in place (particularly following the recent succession of record highs by the key indexes), signs of a nascent rise in inflation, climbing bond yields, and some crosscurrents on the economic front.
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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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