Financial Industry News
The Dow Jones rallied nearly 350 points on Monday. Positive economic data in the U.S. and Europe helped spur risk appetite. Unfortunately for Dow bulls, today’s ISM data might be less optimistic than it appears on the surface. The Dow Jones enjoyed a tremendous start to the week as risk-on appetite engulfed Wall Street. Strong […]
Continue ReadingDow Jones Industrial Average (DJIA) futures shoot higher, extending last week’s gains. Global equities hit a four-month high after a blistering Asian session overnight. U.S. stocks have plenty of room to run – most are still undervalued, according to one analyst. Investor optimism swept the globe this morning, pushing world stocks to a four-month high. […]
Continue ReadingThe Dow Jones rallied in response to a “record” jobs report. With lockdowns returning, is Wall Street glancing foolishly in the rearview mirror? Ray Dalio has a different theory. He says the free market’s dead. A better than expected jobs report helped send the Dow Jones pumping higher on Thursday. While Wall Street rejoiced to […]
Continue ReadingDow Jones Industrial Average (DJIA) futures rose 225 points in early trading Thursday. Traders are cheering ‘record’ employment data with 3 million new jobs expected in today’s report. But analysts urge caution. There are reporting issues in the data and it doesn’t reflect newly re-fired workers. All eyes are on today’s double-whammy jobs report. Beyond […]
Continue ReadingThe Dow Jones relinquished its early gains to remain little changed in late afternoon trading. The Federal Reserve’s FOMC minutes failed to move the stock market. Dow bulls took a breather ahead of Thursday’s blockbuster jobs report. What could have been a negative session for the U.S. stock market turned modestly green after a Pfizer […]
Continue ReadingDow Jones Industrial Average (DJIA) futures hovered flat on Wednesday. Latest Pew survey puts Donald Trump 10 points behind Biden in the re-election polls. Wells Fargo says investors are under-pricing the risk of Biden winning the White House in November. It’s the end of a phenomenal quarter for the U.S. stock market. But the first […]
Continue ReadingThe Nasdaq enjoyed a big gain on Tuesday, but the Dow Jones barely moved at all. Core DJIA component Boeing took a major hit as the outlook for aviation worsened again. One analyst warns that oil price weakness could hurt risk sentiment moving forward. The Dow Jones failed to keep its rally going on Tuesday, […]
Continue ReadingThe CDC has all but confessed that the U.S. is losing control over the virus. V-shaped recovery theory will prove to be a fantasy when another wave of virus disrupts business. When the reality of a permanently scarred economy begins to hit the bulls, the U.S. stock market could undergo a considerable pullback. On Monday, […]
Continue ReadingDow Jones Industrial Average (DJIA) futures slide on Tuesday, set to end June flat. Federal Reserve chairman Jerome Powell will issue a gloomy statement to Congress today. He’s expected to warn of an “uncertain” future but reiterate Fed support. Monday’s optimistic gains on the stock market were quickly dashed overnight. Dow Jones Industrial Average (DJIA) […]
Continue ReadingThe Dow Jones rallied aggressively to start the week. Wall Street is bidding up Boeing as the 737 MAX returns to the skies. Bullish since the bottom, Nordea Asset Management fears this may be the stock market’s last leg higher this year. Risk-on engulfed the Dow Jones on Monday. Boeing stock led the index higher, […]
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