Daily Market Blog

May 28, 2020

Markets Tumble into the Close on President's Announcement..... U.S. equities lost steam in the final minutes of trading to finish lower after President Trump said that he would be giving a news conference tomorrow regarding China, as tensions between the U.S. and the...

May 26, 2020

Stock Rally Off of March Lows Persists Amid Optimism..... After a long Memorial Day holiday weekend, U.S. stocks extended last week's rally, courtesy of continued optimism of a potential answer out of the Health Care sector to the COVID-19 pandemic as Dow member Merck...

May 21, 2020

Markets Pare Weekly Gains Amid More Stark Data..... U.S. equities finished lower, paring back the rally that began the week, amid a host of May global manufacturing and services sector reports that showed improvements, but continued contraction. Meanwhile, the markets...

May 20, 2020

Stocks Bounce Back from Yesterday's Tumble..... U.S. equities finished higher to recoup most of yesterday's losses, as investor optimism surrounding the progress in reopening the global economy persisted, while another potential breakthrough out of the healthcare...

May 19, 2020

Stocks Tumble Into the Close..... After rallying sharply yesterday, and spending most of the day mixed, U.S. equities fell sharply in the final minutes to finish lower in today's session, as optimism surrounding progress of a potential COVID-19 vaccine and the...

May 18, 2020

Vaccine, Reopening Optimism Boosts Stocks..... U.S. equities soared on the first trading day of the week, as optimism jumped amid the continued progress on reopenings of world economies, as well as today's announcement of upbeat trial results from Moderna of its...

May 14, 2020

Stocks Stage Comeback..... U.S. equities staged a comeback to finish in the green, after continued uneasiness regarding a potential second wave of COVID-19 cases amid a number of global economies reopening pressured stocks early on. The moves higher came despite...

May 13, 2020

Uncertainty Escalates to Hamper Stocks..... U.S. equities finished solidly lower, as uncertainty ratcheted higher following Federal Reserve Chairman Jerome Powell's speech, comments from some prominent investors on market valuation, and continued uneasiness pertaining...

May 11, 2020

Stocks Mixed as Optimism Remains, But Amid Caution..... U.S. equities were mixed, as focus remained on the reopening of the global economy, but reports of new cases in Wuhan and South Korea kept the optimism in check. Today's economic calendar was quiet, but a heavy...

May 8, 2020

Dismal Labor Report Unable to Shake Bulls..... U.S. equities finished solidly in the green, with the markets posting weekly gains across the board, as investors appeared to shrug off an expectedly dismal April labor report that showed a plunge in April employment and...

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