Stock Market News

Is Warren Buffett Destroying the Stock Market?

Stock Market Update Monday, May 4th, 2020 Stocks were down early today, extending last week’s losses. The rough start came after news that Warren Buffett dumped airline stocks. There were also concerns of conflict between the U.S. and China after Secretary of State Mike Pompeo said there was “significant amount of evidence” that the virus […]

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DOW drops 622 points, turning negative for the week

Stock Market Update Friday, May 1st, 2020 Stocks were down big today. You could blame earnings, bad data and even a possible conflict between the U.S. and China: Larry Kudlow said the Chinese need to be held accountable for the coronavirus. But in reality, today’s drop probably had more to do with profit-taking ahead of […]

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Stocks Highest in 7 Weeks – Is The Worst Over?

Stock Market Update Monday, April 27th, 2020 Stocks rallied today, with traders optimistic over the efforts to re-open the economy. Although a large part of the U.S. is shut down because of COVID-19, Alaska, Georgia, South Carolina, Tennessee and Texas are starting to allow restaurants and other establishments to serve customers. In Ohio, retail and […]

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Markets are crazy: Unemployment hits 18.3% and stocks rally?

Stock Market Update Thursday, April 23rd, 2020 Stocks finished mixed today, giving up early gains. This morning we received more bad unemployment news. Unemployment Claims showed that another 4.4 million filed for unemployment last week. There are now more than 26 million people unemployed, erasing all job gains since the financial crisis.

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Oil crashes 43% – and drags stocks down with it

Stock Market Update Tuesday, April 21st, 2020 Stocks dropped today with Crude Oil (CL) taking another beating. Yesterday, Crude Oil went NEGATIVE for the first time ever. Without demand and the futures contract for delivery expiring, producers actually had to PAY people to take barrels of oil.

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Oil prices crash below $0 for the first time in history

Stock Market Update Monday, April 20th, 2020 After back-to-back weekly gains, the major indices struggled today. Index futures were lower overnight. But stocks rallied at the open and tried to fill the gap between Friday’s close and today’s open. But after a morning rally, stocks stalled around lunch. 

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