Stock Markets Stocks climbed last week, with the S&P 500 recording the best weekly gain since early July, while long-term government yields rose to a four-month high. The driver behind the equity-market strength was the anticipation that another stimulus package will eventually be passed despite the shaky negotiations so far. The White House increased its […]
Some are calling it “a la carte stimulus,” with aid for airlines in Column A, PPP aid in Column B. Whatever it is, hopes for stimulus — preelection, postelection, comprehensive package, stand-alone deal, whatever and whenever — is supporting breakouts in cyclicals like industrials, materials, consumer discretionary and banks. Many big names like Caterpillar, Eaton […]
A contested presidential vote tops the list of investors’ fears — despite coronavirus, widespread unemployment, and the deadlock over another stimulus bill. A recent poll of 700 investors by financial consultancy deVere Group found that 72% of respondents said a disputed election is their biggest 2020 investment worry. Those who were already worried that on […]
Stock market optimism for a stimulus package has been rising, but the focus swings to earnings and that could be a positive for stocks in the week ahead. JPMorgan, Citigroup, Goldman Sachs, Bank of America and Morgan Stanley all release earnings in the first big wave of corporate reports. There is also some important data, […]
Friday closed the week on a positive note for the stock market, with market participants seeing no reason to curb their enthusiasm about the future. With Washington politicians once more getting close to making a deal for more economic support, and with most investors perfectly willing to shrug off what’s been a significant uptick in […]
Even with election year volatility and no stimulus package in sight, it looks like the stars are aligning for a fourth quarter stock market rally. Technical analysts say they see underlying trends that signal strength and further gains, including broader groups of stocks participating, like small caps. The small cap Russell 2000 was up 5.6% […]
The titans of Wall Street have long avoided taking a leadership role on environmental and social issues. Now, as public attitudes shift, they’re changing their position. What’s happening: JPMorgan Chase (JPM) announced Thursday that it will spend $30 billion over the next five years to promote racial equality. The announcement from the US largest bank […]
Stocks rose on Thursday as traders weighed the latest comments from House Speaker Nancy Pelosi and President Donald Trump regarding further fiscal aid. The Dow Jones Industrial Average closed 122.05 points higher, or 0.4%, at 28,425.51 and reached its highest level in a month. The S&P 500 gained 0.8% to end the day at 3,446.83 […]
The U.S. presidential election is less than one month away, and considering the volatile feelings about the candidates, it’s entirely possible the results could trigger a stock market crash. If that happens, one would expect most stocks to sink, including that of luxury furniture retailer RH (NYSE:RH). When stocks fall, it creates problems for some […]
A fiscal stimulus package is the one thing that could put the stock market on an upward trajectory into the election, but some strategists say the odds of that happening are still rather low. President Donald Trump, within hours Tuesday, both dashed hopes for a stimulus package by calling off administration talks with Democrats, and […]
Dow Jones Industrial Average rallies 530 points The Dow jumped 530.70 points, or 1.9%, to close at 28,303.46, for its best day since July. The S&P 500 advanced 1.7% to 3,419.45. The Nasdaq Composite closed 1.9% higher at 11,364.60. The major averages rallied after President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hope that a smaller […]
The stock market rally since March has been impressive, but it hasn’t gone straight up. Repeatedly, stocks get hit for brief periods only to bounce back toward new heights. That happened on Wednesday, as market participants decided not to worry about President Trump’s having called off discussions about further economic stimulus measures. Just before 11:30 […]
