The market managed to make a slight improvement to close out the week, though it’s still looking a bit rough overall. The Dow Jones closed down 1.50% at 30,932.37. The NASDAQ managed to hit a positive note, closing up 0.56% at 13,192.34. The S&P 500 closed down 0.48% to finish at 3,811.15. STOXX Europe also
Samantha Dewitt
Part of the stock market recovery from pandemic lows is coming from the individuals in the market. These individual traders are younger than the average investor, more aggressive than long-held firms, and are set to place bets on equities from any excess funds they may have, like new stimulus checks. Strategists Parag Thatte, Srineel Jalagani,
Today marked a bad day for the New York Stock Exchange, with all three major markets posting significant drops. The Dow Jones closed down 1.75% at 31,402.01. The NASDAQ closed down 3.52% at 13,119.43 and the S&P 500 closed down 2.45% at 3,829.34. STOXX Europe also had a bad day, though not by as much,
In a surprise for the weekly measure, the new applications for United States employment benefits fell substantially for the week ending February 20th, although the number is still very high compared to pre-pandemic averages but may be suggesting that the economy is beginning to rebound from the economic destruction of the winter months. Initial claims
The market saw a relatively good day today with all three major New York exchanges coming in positive. This included the Dow Jones, which rose 1.35% to 31,961.86; the NASDAQ, which rose 0.99% to 13,597.97; and the S&P 500, which rose 1.14% to close at 3,925.43. STOXX Europe saw an increase of 0.46% to close
With yields of treasury bonds rising, investors are looking to history to see exactly how further rate increases could hit the financial markets. Rising borrowing rates are easily a key factor that can move through the markets and disrupt the rally in equities that was underpinned by coronavirus stimulus spending as well as monetary policy
The past year has been great for the companies that run the natural resource mines of the world. The FTSE 350 mining index that includes major diversified mining titans such as Rio Tinto, BHP Group, Anglo American, and Glencore, have returned 46% on average to shareholders over the past year according to FactSet compared to
This week isn’t looking so good for the stock market, at least starting out. The three major stock markets actually saw mixed results, but trending in the wrong direction. The Dow Jones managed to get a win today, rising by 0.09% to close at 31,521.69 while the NASDAQ closed down 2.46% at 13,533.05. The S&P
Investors are eyeing up the possibility of a massive long-term infrastructure spending plan even though lawmakers in the United States are focused on short-term coronavirus relief put forth by Joe Biden’s $1.9 trillion plan. Analysts are starting to embed expectations for infrastructure spending with a 25% growth in earnings projections for companies in the machinery
The stock market starts the week under some pressure as yields from bonds rise with the hopes of a global economic recovery is on the horizon. The hopes have been raised with the continued vaccine rollouts around the world and the $1.9 trillion stimulus package from the Biden Administration. THe yield of the benchmark 10-year
The end of the week came out quite balanced with all three major stock markets out of New York reporting barely any fluctuation for the closing numbers. The Dow Jones closed even today, at 31,494.32. The NASDAQ closed up 0.07% to close at 13,874.46 and the S&P 500 closed down 0.19% to finish at 3,906.71.
Applications for new United States unemployment benefits grew in the middle of February to the highest in four weeks to 861,000. This shows that Americans are still losing many jobs over a year after the beginnings of the coronavirus pandemic in the country. The initial claims field through the states rose by 13,000 to hit
Newly installed Secretary of the Treasury Janet Yellen said on Thursday that signs of improvement in the United States economy are not a reason to shrink the Biden administrations $1.9 trillion relief plan because they believe the economy is still in a “deep hole” and many are still hurting. In an interview Secretary Yellen
With the coronavirus pandemic exposing most sectors to anywhere from mild to major panic over the past year the adjustment to the real world has changed habits everywhere. Some sectors saw accelerated growth like online retailers and for others like alcohol manufacturers and fashion companies making items that are in high demand like sanitizer and
Retail sales in the United States jumped in January with the first growth in four months. This adds evidence that a rebound to the economy is in the picture after financial aid from the government helped influence spending and the number of coronavirus cases fell. Retail sales saw gains of 5.3% during the month of
Fund manager Gerald Sparrow was able to stay ahead of the curves of the pandemic last year on the stock market, for 2021 he’s moving to different sectors where he still sees the magic. Mr. Sparrow manages Sparrow Growth Fund which has a $97 million fund valance that was in the top 4% in its
While many venues of major entertainment are closed from the public for their purposes many investors think that the public will jump right in when the major threat of the pandemic is over. In fact these investors are thinking there will be a surge in consumer spending to many industries that have been hit hardest
Coming off of another record high on Wednesday the Dow Jones Industrial Average looked on while the Nasdaq and S&P 500 fell. That was led by those stocks listed on the small market capitalization net Russell 2000. It’s not the end of road for the small capitalization stocks yet however. Financial research specialists at Leuthold
Staff members did not like it when BIll Michael, the chair of KPMG in the United Kingdom, told his employees to stop complaining and “playing the victim” about working conditions because of coronavirus and quit his post. He made these comments while speaking during a virtual meeting on Monday that was talking about the pandemic’s
The stock market saw another mixed day today with all three major markets making relatively small changes in either direction. The Dow Jones rose 0.20% to close at 31,437.80. The NASDAQ fell 0.25% to close at 13,972.53 and the S&P 500 fell 0.03% to close at 3,909.88. STOXX Europe also saw a fall today of
Tuesday’s trading session ended with a drop in both the Dow Jones Industrial Average and the S&P 500, which resulted in breaking the longest win streak for stocks in months. However there is something itching at the back of many investors minds, is there a major correction around the corner? Even bullish investors are starting
Most had hoped for a ‘one-and-done’ approach to the coronavirus vaccine but it’s not looking like that is going to be the case. In fact, it looks like we may need to get at least COVID ‘booster shots’ each year going forward, though there’s no definitive answer from health officials just yet. The CEO of
The stock market saw a mixed day for the first time in quite some time today. In fact, only one of the major New York markets saw an increase today and only by a small margin. The Dow Jones fell 0.03% to close at 31,375.83. The NASDAQ rose by 0.14% to close at 14,007.70 and
Based on overnight activity in the markets it’s going to be very difficult to have another record setting day on the stock market after futures fell and oil price growth sent equities rising yesterday. Even though momentum has slowed a little the market has been fairly impenetrable from outside forces on it’s climb to even
The stock market has been riding a high lately and it seems set to continue. As the week starts, all three major markets are still reporting gains. The Dow Jones rose 0.76% to close at 31,385.76. The NASDAQ closed up 0.95% to finish at 13,987.64 and the S&P 500 closed up 0.74% to finish at
With another busy earnings week it appears that the stock market will begin with a good start. Even without earnings, the idea that a new stimulus package will help the United States economy has spurred enough optimism to push the markets forward. That was helped by statements by Treasury Secretary Janet Yellen that Joe Biden’s
Benchmarks for the stock exchanges started strong on Monday morning which is another notch to bookend the strongest week on the market since November as investors everywhere appear to be ready for an influx in spending as the stimulus package appears to be confirmed. In the morning as trading kicked off the Dow Jones
This was the best week since November for the stock market, even though there were a lot of negative reports going on as well. In fact, the jobs report showed that there was a smaller level of growth in January than what had been expected, but that still doesn’t seem to have affected the market
The market is still on an upward trend though the numbers seem to be slowing slightly. The Dow Jones rose 0.30% to close at 31,148.24. The NASDAQ closed up 0.57% at 13,856.30 and the S&P 500 closed up 0.39% at 3,886.83. On the other hand STOXX Europe held steady today, with no change, closing at
For the month of January the American economy saw wage growth of only 49,000 jobs. While this did decrease the unemployment rate the economy is struggling to make major progress after the coronavirus layoffs that started at the end of 2020. This report will add fuel to the Democratic push as the United States Senate
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