Stock Market Update Monday, October 14th, 2019 Stocks kicked the week off with a small loss on new concerns over trade. Last week, President Trump announced a partial trade deal with China that was “very substantial.” But over the weekend there were reports that China wants additional talks before signing the deal.
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Stock Market Update Sunday, October 13th, 2019 It was another wild week of trading with the S&P closing at 2-week highs. On Monday, stocks rallied early but finished with losses after the U.S. banned 28 Chinese companies from doing business with U.S. companies. Then on Tuesday, stocks were down big after news that the U.S. […]
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Stock Market Update Thursday, October 10th, 2019 Make no mistake about it. Right now it’s all about trade. Yesterday evening, news out of China sent the E-Mini S&P lower by 1.0%. The reports said that there had been no progress on a trade deal with early talks, and that Chinese Vice Premier Liu He might […]
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Stock Market Update Wednesday, October 9th, 2019 Progress? That’s what traders are hoping for anyway. Stocks made a bit of a comeback today on hopes that a deal or partial deal is still possible.
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Stock Market Update Tuesday, October 8th, 2019 It was another rough day for stocks. Stocks opened lower after more trade war news. We also had the September Producer Price Index (PPI) data showing the biggest drop in 8 months (down -0.3% vs. a 0.1% forecast). But today’s uncertainty and sell-off was really all about trade […]
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Stock Market Update Monday, October 7th, 2019 This morning the major indices opened lower after news that China isn’t interested in the broad deal that President Trump is pursuing. But then major indices rallied after Larry Kudlow told reporters that the U.S. might be open to a short-term deal.
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Stock Market Update Sunday, October 6th, 2019 Stocks went on a roller coaster ride last week! Monday was pretty uneventful. Stocks opened higher and finished the day with small gains. But then things started to get a little crazy on Tuesday. Stocks were up at the open. But after the worst ISM Manufacturing PMI report […]
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Stock Market Update Thursday, October 3rd, 2019 What a day! Stocks made quite a comeback today after being down big in early trading. The major indices were flat at the open but rallied ahead of today’s ISM Non-Manufacturing PMI report. And after Tuesday’s disappointing manufacturing PMI data, today’s report took on a little more significance.
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Stock Market Update Wednesday, October 2nd, 2019 Stocks dropped for the 2nd day in a row today. In just 2 days the DOW is down more than 800 points! And the S&P has lost 3.0%! Why the drop? Yesterday it was weak manufacturing data leading stocks lower.
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Stock Market Update Tuesday, October 1st, 2019 Stocks opened higher and rallied in the morning. But after a positive start, stocks quickly reversed after 10am ET. Today’s sell-off came after ISM Manufacturing PMI came out at its worst level in 10 years (June 2009).
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Stock Market Update Monday, September 30th, 2019 Stocks were lower Friday after news that the White House is considering restrictions on investment in China. But today stocks were higher after a Peter Navarro, a trade advisor, said that Friday’s report was mostly false. And over the weekend a spokeswoman for the Treasury said that the […]
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Stock Market Update Sunday, September 29th, 2019 Stocks finished with losses last week, with trade concerns driving the markets lower. On Monday, stocks were mixed after a quiet trading session. Stocks started the day higher on Tuesday. But after news hit that there could be a formal impeachment inquiry against President Trump, stocks dropped.
Continue readingStock Market Update Thursday, September 26th, 2019 Stocks pulled back today with trade being the focus. There was positive data to digest, but it didn’t really help stocks. Final GDP came in at 2.0% (as expected) and Weekly Jobless Claims came in at 213,000 (essentially in-line with expectations). But Pending Home Sales showed a surpise […]
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Stock Market Update Wednesday, September 25th, 2019 A Presidential impeachment? Who cares!!! At least that’s what stocks are telling us. Yesterday, stocks dropped on concerns of a possible impeachment inquiry by Democrats. And as expected, House Speaker Nancy Pelosi announced a formal impeachment inquiry against the President last night.
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Stock Market Update Tuesday, September 24th, 2019 Trading was pretty quiet this morning. The major indices were slightly higher at the open. And 30 minutes into trading stocks were at session highs. But then the day turned into a bit of a roller coaster ride after that.
Continue readingStock Market Update Monday, September 23rd, 2019 Stocks opened the day with losses after weak economic data in Europe. In Germany, flash Manufacturing PMI data came in at the lowest levels since the financial crisis. With weak manufacturing indicating contraction instead of expansion, European markets were down more than 1.0%.
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Stock Market Update Thursday, September 19th, 2019 Well that was boring. All eyes were on the Fed and their decision on interest rates this week. But after cutting rates a quarter point yesterday (as expected) stocks have gone nowhere.
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Stock Market Update Wednesday, September 18th, 2019 Today was all about the Fed. Stocks traded in a narrow range until 2pm ET when the Fed Statement was released. And as expected, the Fed cut rates a quarter point. Seven members voted for a cut, while one member wanted a bigger cut, and two members wanted […]
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Stock Market Update Tuesday, September 17th, 2019 Oil was in the spotlight again today. After yesterday’s huge rally (the biggest 1-day rally ever), Oil pulled back almost 6%. The drop came after Saudi Arabia said it has restored half of the production that was lost in the attacks over the weekend and plans to have […]
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Stock Market Update Monday, September 16th, 2019 Over the weekend oil refineries in Saudi Arabia were hit by drones. The attack knocked out as much as 5.7 million barrels a day in oil production. This amounts to roughly half of Saudi Arabia’s daily production which represents 5% of the world’s production.
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