Markets / Commentaries
Stock Market Today: September 25, 2020
Harvey S. Katz, CFA | 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.
Markets / CommentariesStock Market Today: September 24, 2020
Harvey S. Katz, CFA | 09/24/2020
September certainly is living up to its reputation as a difficult month for the stock market. On point, after several weeks of losses heading into the current five-day span, the bulls have had an increasingly trying stretch over the past three sessions. Specifically, after the Dow Jones Industrial Average had fallen to an intraday setback of as much as 950 points early Monday, before making back almost half of that deficit, the market staged a modest recovery on Tuesday before tumbling anew yesterday.
Markets / CommentariesStock Market Today: September 23, 2020
Harvey S. Katz, CFA | 09/23/2020
After a tough showing earlier this week, the major indexes rose modestly further in Tuesday’s session. In all, the NASDAQ would lead the way, with a 184-point gain on strength in some high-profile tech names. The Dow Industrials, meantime, would add 140 points. Worries about the economy and the intensifying COVID-19 outbreak in Europe capped the market's latest improvement. Now, looking ahead to the middle session, we see that earnings and corporate news may have an impact on stocks. As to the day ahead, the latest trends in the futures suggest a strongly positive opening this morning, as the bulls, emboldened by NIKE stock strive to extend yesterday's rebound.
Markets / CommentariesStock Market Today: September 22, 2020
John E. Seibert III | 09/22/2020
The stock market put in a soft performance yesterday, as traders feared that an economic recovery from the coronavirus would take longer than initially thought. Looking to the day ahead, the equity futures are mixed. Overall, we think traders will focus on the Fed Chairman’s testimony before Congress and any developments on the coronavirus front.
Markets / CommentariesStock Market Today: September 21, 2020
William G. Ferguson and Harvey S. Katz, CFA | 09/21/2020
September is certainly living up to its reputation as a most difficult month on Wall Street. To wit, after a nifty start to this 30-day span with gains on the first two trading days of this month, the tide has turned and rather quickly, with this morning's bearish action just the latest setback for the bulls. Today's retreat, which came to 815 points in the Dow Jones Industrial Average, as the noon hour arrived on the East Coast, was most pronounced in those blue chips. There also were major selloffs in the S&P 500 Index, the tech-laden NASDAQ, and the small-cap Russell 2000 Composite. latile
Markets / CommentariesStock Market Today: September 18, 2020
Harvey S. Katz, CFA | 09/18/2020
The stock market, which had moved irregularly higher over the first three trading days of this week following a setback to start the often trying month of September, began the latest session sharply to the downside. Ultimately, the blue chips would finish off by 130 points, while the tech-heavy NASDAQ would conclude matters with a 140-point deficit. Looking to the day ahead, the market is suggesting a somewhat higher start to the day's activity, with nice strength indicated in the NASDAQ.
Markets / CommentariesStock Market Today: September 17, 2020
Harvey S. Katz, CFA | 09/17/2020
It was a tale of two halves on Wall Street yesterday as investors sought to push the stock market higher for the third day in a row yesterday, to mixed success. Traders weighed the latest Fed statement and the economic realities behind its cautionary stance, and stocks slipped following the release of the FOMC statement. In the meantime, after last evening's flattish initial action in the futures, the market is signaling that we can expect a moderate retreat in stock prices when trading resumes this morning.
Markets / CommentariesStock Market Today: September 16, 2020
Harvey S. Katz, CFA | 09/16/2020
Wall Street, which endured one of its worst weeks in months in the post-Labor-Day span, began the current five-day period on a strong up note on Monday and continued that comeback yesterday morning and into the early afternoon. Solid economic fundamentals and additional gains in the technology space combined to push the stock market nicely higher. In all, the Dow Jones Industrial Average quickly moved out to a gain just north of 235 points within the first few minutes of trading and retained much of that uptick throughout the first half of the session.
Markets / CommentariesStock Market Today: September 15, 2020
John E. Seibert III | 09/15/2020
The stock market began the week on strong footing, spurred by enthusiasm surrounding acquisition news over the weekend. Too, progress on the coronavirus vaccine boosted stocks. When all was said and done, the Dow closed higher by 328 points, while the S&P 500 rose 43 points, and the NASDAQ gained 203 points. Looking ahead, the futures are pointing to a higher opening.