WASHINGTON – The U.S. government posted a December budget deficit of $144 billion – a record for the month – due to far higher outlays with coronavirus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury …
Investors are piling into the safety of U.S. government debt, pushing the yield on the 10-year Treasury note above 1% for the first time since March of 2020.
With the Democrats moving to …
The U.S. Federal Reserve’s response to the coronavirus pandemic began on Feb. 28 with a 44-word statement of faith in the economy from Chair Jerome Powell, an old-school measure aimed at calming nosediving financial markets.
Within weeks, though, its …
The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on Wednesday.
The central bank now expects real gross
U.S. import prices rebounded less than expected in November as an increase in the cost of petroleum products was offset by cheaper food and motor vehicles, supporting views that inflation could remain moderate amid a resurgence in new Covid-19 …
WASHINGTON – U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare-up in new COVID-19 infections restrains the labor market and demand for services.
While other data on …
Investors sell off and take profits from a historically strong November. Major indices down overalls with tech stocks turning green rolling into the end of the session.
Market sentiment took a hit
Half day for traders leads to small rally in the equities markets, with each major indice up over 0.25%. On Thanksgiving Day, online sales rose to a record $5.1 billion, according to Adobe Analytics.
Energy News Beat #167: 11/25/2020
Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data. The 30-stock Dow slid 136 points,
30,000 DOW JONES!!!!!!!! Pour the champagne, crack that beer its all time highs amid surging cases in COVID-19, but markets enjoy positive bullish vaccine and easing of worries of a transfer of power issues
Stocks up higher after yet another positive vaccine announcement, this time from AstraZeneca and Oxford. The Dow Jones traded 218 points higher, or 0.5%. The S&P 500 gained 0.3%
On Monday, Goldman
JPMorgan economists now see an economic contraction in the first quarter due to the spreading coronavirus and related restrictions being imposed by states and cities.
The new forecast is a departure from Wall Street’s widely held view that the …
Flat day for the markets as both bears and bull hold market in check with major indices holding flat for the day. On Thursday, over 180,000 confirmed cases of COVID-19 were recorded, bring the new 7-day average up over 160,000,
Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping. $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business
Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping. $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business
More positive vaccine news, this time from Moderna, lift markets green and sending energy stocks soaring. The Dow Jones Industrial Average added 356 points, or 1.2%, and reached an intraday record. The S&P 500 rose 0.8% and the Nasdaq Composite
Market sentiment back bullish as traders eye these new vaccines as a way to curb what are now rising COVID-19 in the US. “This week’s positive vaccine news is a game-changer in our view, as it allows the market to
Stocks turn red amid rising COVID-19 cases, with Wednesday breaking a new record with over 140,000 confirmed cases. On the data front, initial weekly jobless claims fell last week to 709,000 from 757,000 in the prior week, the Labor Department
Tech stocks lead the way today as investor buy back shares of larger tech companies dragged down by the recent news of a coming vaccine. Apple gained 3%. Netflix climbed 1.1%. Facebook and Amazon rose 1.1% and 3%, respectively. Alphabet
Rotations happening among the major indices as Dow Jones (composite of the top 30 capitalized companies) gains over 1% while other indices drop, with large losses in NQ, down over .5%
Amazon
Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the
Federal Reserve Chairman Jerome Powell reiterated on Wednesday that the economic recovery is dependant on how the country handles the coronavirus pandemic.
“As we have emphasized throughout the pandemic, the outlook for the economy is extraordinarily uncertain, and will …
Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the
Day three of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out. With a predicted split Presidential/Senate/House, markets run wild
Oil
The U.S. trade deficit fell in September after hitting a 14-year high the previous month as exports outpaced imports.
The gap between what the U.S. sells and what it buys abroad fell to $63.9 billion in September, a decline …
Day two of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out. Even with a projected President Biden, the Senate looks to stay red which is generally supportive of
Markets open this week up ahead of the US election, with polls opening nation wide tomorrow morning. Stocks rose mainly of the theme that the election with be smoother than expected. Majors indices traded mostly flat, with NQ seeing a
