Markets / Commentaries
Stock Market Today: April 22, 2021
Harvey S. Katz, CFA | 04/22/2021
Following back-to-back declines to start the current trading week on worries about rising COVID-19 cases both stateside and globally, and concerns about faltering economic growth as a result, Wall Street righted itself yesterday fashioning a largely wire-to-wire winning session, with nearly all of the major groups participating in the upturn.
Markets / CommentariesStock Market Today: April 21, 2021
Harvey S. Katz, CFA | 04/21/2021
Stocks have faltered during the last two trading sessions. The downturn has not been major, but not incidental either, with the losses on Tuesday, for example, featuring a 256-point setback in the Dow Jones Industrial Average and a 128-point drop in the technology laden NASDAQ. We sense that the latest declines are little to fret over, as the profit taking seems to be mild as earnings season has been bolstered by an encouraging round of reports for the most part.
Markets / CommentariesStock Market Today: April 20, 2021
Adam Rosner | 04/20/2021
The U.S. stock market moved lower yesterday, and may well come under pressure again this morning. Investors will be looking carefully at corporate earnings, inflation, as well as the coronavirus situation across the globe.
Markets / CommentariesStock Market Today: April 19, 2021
William G. Ferguson | 04/19/2021
The attention of Wall Street this week will be on Corporate America, as first-quarter earnings season, which began last week with reports from a number of the big banks, kicks into high gear.
Markets / CommentariesStock Market Today: April 16, 2021
Harvey S. Katz, CFA | 04/16/2021
The stock market closed strongly higher yesterday, boosted by supportive earnings reports and the upbeat economic issuances. Looking ahead and following what, as noted, seems likely to be a positive opening this morning, the market will again focus on pending earnings reports.
Markets / CommentariesStock Market Today: April 15, 2021
Harvey S. Katz, CFA | 04/15/2021
Looking ahead, earnings season will be picking up in the coming days. As for the overall stock market, it posted a mixed to lower close yesterday, with the Dow Jones Industrial Average holding on to a narrow 53-point advance after an earlier gain of better than 200 points, while the other indexes shed points. As noted, though, the bulls are seemingly ready to charge ahead at the open.
Markets / CommentariesStock Market Today: April 14, 2021
Harvey S. Katz, CFA | 04/14/2021
It has been a newsworthy week so far on the economic front, and the reports will keep rolling in. Specifically, this afternoon will bring the Federal Reserve's Beige Book, a survey of business conditions across the country that the central bank will use to help it formulate monetary policy at its next FOMC meeting, which is on tap for late this month. Ahead of all that, and following yesterday's mostly positive session, the stock market seems poised to open to the upside this morning, with renewed strength in the NASDAQ.
Markets / CommentariesStock Market Today: April 13, 2021
John E. Seibert III | 04/13/2021
The stock market had a modestly weaker trading session yesterday, as the Dow Jones Industrial Average finished the day off by 55 points, and the NASDAQ fell 50 points. Looking ahead, the U.S. futures are now suggesting a soft start to the trading day.
Markets / CommentariesStock Market Today: April 12, 2021
William G. Ferguson | 04/12/2021
The new trading week will begin with the major equity averages either at or near record highs. With these recent gains, though, come stretched price-to-earnings multiples, and this will likely test the mettle of investors and have them looking closely at first-quarter earnings season, which is set to kick off this week. A good showing from Corporate America would be a key component, along with the recent encouraging economic data, in keeping the upward momentum going.