Markets / Commentaries
Stock Market Today: January 20, 2021
Harvey S. Katz, CFA | 01/20/2021
Optimism was on display on Wall Street yesterday as the nation prepared for the inauguration of Joseph R. Biden, Jr., at 12:00 PM (EST) today, as the 46th President of the United States. Specifically, the stock market was on strong footing to begin the session as the Dow Jones Industrial Average jumped some 275 points in the first few minutes of trading. Hopes for a more collegial atmosphere in a badly divided country and expectations that this changing mood would expedite stimulus help against the pandemic all helped the mood on the Street.
Markets / CommentariesStock Market Today: January 19, 2021
Adam Rosner | 01/19/2021
The U.S. stock market resumes trading today, after pausing for a three-day holiday weekend. Investors are currently operating in a complicated environment. The economy remains quite mixed, due to ongoing pandemic-related issues. Looking to the day ahead, U.S. equity futures are pointing to a higher opening.
Markets / CommentariesStock Market Today: January 15, 2021
Harvey S. Katz, CFA | 01/15/2021
Wall Street opened the day modestly to the upside yesterday, in spite of disappointing economic news on the jobs front. It would retain an edge until late in the afternoon when a slight selloff in the key averages shifted the close to the downside. Now, ahead of this morning's opening, the government just reported December figures for retail sales, which proved to be woefully disappointing, signaling that the holiday shopping season was a serious problem for chains and independent stores.
Markets / CommentariesStock Market Today: January 14, 2021
Harvey S. Katz, CFA | 01/14/2021
This week has seen a down stock market session on Monday, a mixed equity showing on Tuesday, and a moderately better outcome yesterday. Numerous currents, including the second impeachment of a sitting President of the United States, the issuance of the Federal Reserve's Beige Book, and this morning, the release of the jobless claims tally, will affect today’s markets. Nevertheless, stocks appear set to commence trading to the upside when traders get going this morning.
Markets / CommentariesStock Market Today: January 13, 2021
Harvey S. Katz, CFA | 01/13/2021
The stock market will open for trading shortly following a weaker session on Monday and a mixed showing yesterday. Thus far this morning, the equity futures are indicating little definitive direction to the new trading day. The major economic news item today, meanwhile, will be the release of the Federal Reserve's Beige Book. That major publication is a summary of business conditions across the United States, The central bank will use this economic summation to formulate monetary policy at its next FOMC meeting later this month.
Markets / CommentariesStock Market Today: January 12, 2021
John E. Seibert III | 01/12/2021
The stock market started to the downside yesterday. Though there was some reversal in middle of the day, it did not take hold. The major market averages closed the day in the red. After the closing bell, the futures market showed some signs of a rebound from the day’s losses. Though this movement was choppy throughout the night, the futures markets finished decidedly green, suggesting a positive start to the trading day. Overall, we think that most traders will be looking towards any developments with the coronavirus, its vaccine distribution, and the political situation at home.
Markets / CommentariesStock Market Today: January 11, 2021
William G. Ferguson | 01/11/2021
The first trading week of 2021 looked very much like most of the weekly sessions during the final quarter of last year. That is with the major equity averages pushing higher despite seemingly looking at a wall of worry. The ongoing and intensifying coronavirus pandemic, an economy that is showing some signs of stress (more below), and election results from Georgia last week that did not produce the divided government that many Wall Street participants were hoping for could not slow the bulls.
Markets / CommentariesStock Market Today: January 8, 2021
Harvey S. Katz, CFA | 01/08/2021
It has been a volatile week on Wall Street, which saw an initial selloff on Monday, a mixed showing on Tuesday, ahead of the Georgia vote, which would tip control of the U.S. Senate from the Republican Party to the Democratic Party, and outsized advances the past two days on relief that the transition of authority from the current President to President-Elect Biden would be orderly and peaceful. And today’s jobs report, Labor affirmed that the nation lost 140,000 jobs last month (forecasts had been for an increase of 50,000 jobs. Despite a turbulent week, the indexes are at all-time highs as we close out the first full week of the new year.
Markets / CommentariesStock Market Today: January 7, 2021
William G. Ferguson | 01/07/2021
On an historic and very troubling day for the United States of America, where political protests turned into civil unrest on Capitol Hill, the U.S. stock market, which started out in mixed fashion, delivered strong gains during the middle day of the trading week, save for some of the big technology stocks. Before the market’s open, the equity futures point to some more buying when trading commences stateside.