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Stock Market Today

Monday, June 29 2020

Daily Updates

Stock Market Today: June 26, 2020

Harvey S. Katz, CFA | 06/26/2020

It has been a volatile week on Wall Street thus far, with moderate gains posted on Monday and Tuesday and a big setback on Wednesday before an uneven session ended on a high note yesterday. As for these up-and-down moves, the week started out with some optimism expressed about the accelerating pace of business reopening endeavors. By Wednesday, however, escalating rates of COVID-19 infections had turned the tide and in that one session alone, the Dow Jones Industrial Average would plummet by 710 points, the largest single-session setback in two weeks.

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Markets Commentaries

A Discussion of the Gross Domestic Product

Harvey S. Katz, CFA | 02/24/2020

The gross domestic product, popularly known as the GDP, is the total value of the output of all goods and services produced by labor and property within the United States.

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Markets Commentaries

GAAP, Items, And Adjusted Earnings - Sometimes a Strange Tale

Value Line Research Department | 02/24/2020

It is axiomatic that a company’s stock’s price is the present value of all future cash flows it is likely to pay out, and that earnings constitute one gage of a company’s economic value. Unfortunately, there is often a lot of smoke between published profits according to generally accepted accounting principles and the real output of a company.

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