Stock Market News

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Great Jobs Report, but stocks drop (again)

Stock Market Update Friday, March 6th, 2020 Wow. It was another wild day of trading. Stocks opened near lows of the week, then continued to slide. The drop came in spite of a great February Jobs Report. The report showed that 273,000 Non-Farm Jobs were added (vs. a 175,000 forecast), Average Hourly Earnings increased 0.3% […]

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More bad coronavirus news, but markets rally because of Biden?

Stock Market Update Wednesday, March 4th, 2020 Yesterday, stocks were down almost 3.0% after the Fed announced an emergency rate cut…the first since 2008 during the financial crisis. And there was even more bad news regarding the coronavirus. California reported its first coronavirus death. And in China, scientists discovered evidence that the virus has mutated […]

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“Mystery Crash” sends stocks lower

Stock Market Update Thursday, February 20th, 2020 Stocks slide…but it could have been worse! The major indices opened lower then rallied. And a little more than an hour into the session the major indices were positive. But then out of nowhere stocks tanked.

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Coronavirus slowing down? – Stocks move higher

Stock Market Update Wednesday, February 19th, 2020 Stocks opened higher and never looked back! After a strong start this morning the major indices rallied from morning until afternoon.  One of the main reasons behind the rally are reports that the coronavirus seems to be slowing down.

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Stocks drop & Gold jumps…should we be worried now?

Stock Market Update Tuesday, February 18th, 2020 With markets closed yesterday for Presidents’ Day, today was the first full trading day of the week. And stocks struggled at the open. After the lower start, the major indices attempted to work their way back towards Friday’s close. But around lunchtime, stocks were trading at session lows.

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Another wild week in the markets

Stock Market Update Sunday, February 16th, 2020 It was another wild week of trading. On Monday, stocks got off to a rocky start. But after a gap lower, stocks rallied and finished the day with gains. The major indices were up big Tuesday morning. But stocks retreated and finished slightly higher.

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Down…up…down – stocks lower after a wild ride

Stock Market Update Thursday, February 13th, 2020 Stocks made new records, but couldn’t hold onto today’s afternoon gains. Yesterday, traders were optimistic about news that coronavirus cases might be slowing down. But with China confirming 15,152 new cases and 254 more coronavirus deaths, there was news that cases have actually spiked.

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Can ANYTHING stop this rally?

Stock Market Update Wednesday, February 12th, 2020 Stocks finished with new records again today. Fed Chair Jerome Powell wrapped up his 2-day testimony on Capitol Hill without anything really new for the markets. Powell said that the Fed is closely monitoring coronavirus concerns, and said the Fed is there if needed to stimulate the economy. […]

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New record highs, but it doesn’t make sense…

Stock Market Update Tuesday, February 11th, 2020 Stocks opened higher and rallied this morning. But after hitting session highs around 10:45am ET, stocks retreated. In the morning, Fed Chair Jerome Powell testified in front of the House Financial Services committee. Powell said that the Fed is “closely monitoring” the coronavirus and how it might impact […]

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Stocks climb to new records even with coronavirus spreading…

Stock Market Update Monday, February 10th, 2020 The coronavirus continues to spread…just not to the markets. The major indices opened the day lower after China’s health ministry reported 40,171 confirmed cases and a death total of 910 that surpasses the total death toll from the 2003 SARS outbreak.  But after the lower open stocks moved […]

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