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Markets / Commentaries

Stock Market Today: August 5, 2020

Harvey S. Katz, CFA | 08/05/2020

Another day, another morning's rise for the U.S. stock market. Equities stayed on a winning track through most of the day yesterday into the close, with the Dow ending up a session-best 164 points. More modest gains were tabulated by the S&P 500 and the NASDAQ. Now, looking out at a new day, and following generally narrow advances by the U.S. equity futures last evening and ahead of key economic reports today, tomorrow, and Friday, the equity futures now are pointing to a nicely higher opening when trading resumes.

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Markets / Commentaries
Stock Market Today: August 4, 2020

Adam Rosner | 08/04/2020

The U.S. stock market moved nicely higher yesterday, starting the new week on Wall Street on an upbeat note. Overnight, the international markets managed to make some progress. In Asia, the Nikkei put in a strong session, while in Europe, the FTSE 100 delivered a less impressive performance. On our shores, though, the equity futures are pointing to a softer opening.

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Markets / Commentaries
Stock Market Today:August 3, 2020

William G. Ferguson | 08/03/2020

The last five-day stretch of trading on Wall Street followed a similar script to what we saw during much of the month of July. That being a mixed performance for equities. Investors were forced to digest a number of big headlines (some encouraging, some disquieting) and that likely played a big role in the uneven performance for the U.S. equity market over the course of the week.

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Markets / Commentaries
Stock Market Today: July 31, 2020

Harvey S. Katz, CFA | 07/31/2020

The up-and-down pattern continues on Wall Street. To wit, after nice stock market wins on Monday and Tuesday, which were sandwiched around a decline on Tuesday, equities fell sharply yesterday morning. The increases this week had come on optimism about earnings and the economy. The earlier setback was likely caused by COVID-19 infections being the prime focus that day. Then, yesterday morning, stocks fell back sharply. Several apparent reasons could be pointed to for the latest setback.



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Markets / Commentaries
Stock Market Today: July 30, 2020

Harvey S. Katz, CFA | 07/30/2020

The choppiness on Wall Street is continuing. On point, after back-to-back losses in the stock market to end last week, equities began the current five-day span to the upside on Monday. However, things deteriorated again on Tuesday when the Dow Jones Industrial Average fell by 205 points on weak economic numbers on the consumer confidence front. Encouragingly though, the bulls came back to the battle yesterday, buoyed by expectations that the Federal Reserve would have reassuring words for investors when it concluded its FOMC meeting.



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Markets / Commentaries
Stock Market Today: July 29, 2020

Harvey S. Katz, CFA | 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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Markets / Commentaries
Stock Market Today: July 28, 2020

John E. Seibert III | 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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Markets / Commentaries
Stock Market Today: July 27, 2020

William G. Ferguson | 07/27/2020

Before the market’s open, the equity futures point to a modestly higher opening for the U.S. stock market. Ahead of a busy week of earnings data from Corporate America and a Federal Open Market Committee Meeting, investors are hoping for some positive news on the economic stimulus front. Also helping stocks stateside are signs—despite an increase in nationwide COVID-19 cases—that new coronavirus cases are slowing in some U.S. states, including in those that had recently been hard-hit by a resurgence in infections.

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Markets / Commentaries
Stock Market Today: July 24, 2020

Harvey S. Katz, CFA | 07/24/2020

A sobering economic report showing an increase in weekly level of new jobless filings, the tepid increase in the Leading Economic Indicators, and of course, the fast-spreading COVID-19 pandemic, were only slightly mitigated by relatively decent earnings results to date, causing the major market averages to close Thursday’s session in the red. Looking out to the new day and after slight gains in the futures last evening, we see that the equity futures are suggesting a lower opening this morning.

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