Stock Market Update Monday, September 30th, 2019

Stocks were lower Friday after news that the White House is considering restrictions on investment in China. But today stocks were higher after a Peter Navarro, a trade advisor, said that Friday’s report was mostly false. And over the weekend a spokeswoman for the Treasury said that the White House is NOT looking to remove … Read more

Stock Market Update Thursday, September 26th, 2019

Stocks pulled back today with trade being the focus. There was positive data to digest, but it didn’t really help stocks. Final GDP came in at 2.0% (as expected) and Weekly Jobless Claims came in at 213,000 (essentially in-line with expectations). But Pending Home Sales showed a surprise increase of 1.6% in August, rebounding from … Read more

Stocks set to rise for a second day amid US-China trade optimism

U.S. stock index futures were slightly higher Thursday, boost by optimism around trade talks with China. At around 7:15 a.m. ET, Dow Jones Industrial Average futures indicated a gain of more than 60 points at the open. S&P 500 and Nasdaq 100 also traded higher. Wall Street ended Wednesday on a higher note after President … Read more

Stock Market Update Wednesday, September 25th, 2019

A Presidential impeachment? Who cares!!! At least that’s what stocks are telling us. Yesterday, stocks dropped on concerns of a possible impeachment inquiry by Democrats. And as expected, House Speaker Nancy Pelosi announced a formal impeachment inquiry against the President last night. But after a small dip in early trading, stocks shook off impeachment concerns … Read more

Dow set to rise more than 100 points as optimism around US-China trade increases

U.S. stock index futures were higher Tuesday morning as hope around U.S.-China trade talks increased. Around 7:25 a.m. ET, Dow Jones Industrial Average futures indicated a gain of 122 points. Futures on the S&P 500 and Nasdaq 100 also pointed to solid gains. Bloomberg News reported China granted new waivers to several companies exempting them from tariffs on at … Read more

Stock Market Update Monday, September 23rd, 2019

Stocks opened the day with losses after weak economic data in Europe. In Germany, flash Manufacturing PMI data came in at the lowest levels since the financial crisis. With weak manufacturing indicating contraction instead of expansion, European markets were down more than 1.0%. But after the rocky start, stocks clawed their way higher. And after … Read more

Stock futures point to slightly higher open as Wall Street nears record highs

U.S. stock index futures were slightly higher Friday morning, pushing Wall Street closer to record highs set earlier this year. At around 7:10 a.m. ET, Dow Jones industrial Average futures rose 53 points, indicating a gain of 40 points. Futures on the S&P 500 and Nasdaq 100 were both marginally higher. The Dow came into Friday’s session 1.1% … Read more