|Day's Range||5.36 - 5.89|
Don’t count Peter Tchir, head of market strategy at Academy Securities, in the markets-are-irrational camp. “If you look at the stocks that have rallied the most, it’s Amazon (AMZN) it’s Apple (AAPL) it’s Zoom (ZM) it’s Microsoft (MSFT) — companies that have actually benefited from a work-at-home-type environment,” he said. Tchir says he expects the government to act more aggressively on infrastructure spending and supply chain rebuilding.
Top news and what to watch in the markets on Friday, June 5, 2020.
Stock futures rose slightly Thursday evening, drifting higher as investors awaited the Labor Department’s May jobs report and digested very early signs of recovery in the virus-stricken economy.
As the S&P 500 (^GSPC) hovers around 40% from its March 23rd low, one veteran strategist is reminded of the massive rally that took place when the markets were emerging from the financial crisis 11 years ago.
Stocks struggled to cobble together a fifth straight day of gains as data showed new unemployment claims totaled another 1.877 million last week.
This is still a huge number for new unemployed Americans in one week, but has come down from the previous week's 2.126 million, and well off the pace we saw in late March.
Top news and what to watch in the markets on Thursday, June 4, 2020.
After a brutal March wrecked an 11-year bull market, there seems be little doubt on Wednesday that equity markets in the U.S. are returning to bullish form again after being rocked by COVID-19.
In an interview, Portfolio Manager Miles Lewis describes his investment approach, what factors are important to him as an investor and what he thinks of the current small-cap market Continue reading...
Investors will be hyper focused on the ongoing nationwide George Floyd protests, Zoom Video Communications and Dick’s Sporting Goods earnings Tuesday.
The stock market comeback persisted last month as the Covid-19 pandemic health situation continued to stabilize and the broader economy accelerated business reopenings Continue reading...
Top news and what to watch in the markets on Monday, June 1, 2020.
Stocks fell on Friday, extending losses from Thursday’s session as investors eyed renewed tensions between the U.S. and China.
Top news and what to watch in the markets on Friday, May 29, 2020.
Stocks were mixed Thursday amid new developments that could raise tensions between the U.S. and China, and a deluge of new economic data, much of which was still consistent with a contraction but at least signaled some stabilization after an initial slump in activity.