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09/28/2020
Stock Market Update

Stock Market Update: Monday, September 28, 2020

Wall Street showed strong momentum to start the day’s session as traders continued to buy the dip with the major indexes breaking out of prior trading ranges — and more in Monday’s stock market update. The higher close followed Friday’s gains and show cash is moving back into the stock […]
09/28/2020

Global Stock Markets Rise Ahead of U.S. Presidential Debate

Global stock markets opened higher this morning in the lead-up to Tuesday’s first U.S. presidential debate, and with China celebrating its National Day and Mid-Autumn Festival on Thursday. In China, the statistical bureau noted Sunday that industrial profits increased 19% in August, a strong sign as its economy recovers from […]
09/23/2020
Stock Market Update

Stock Market Update: Wednesday, September 23, 2020

Wall Street started the day’s session slightly higher following reports an agreement has been reached by Congress on a continuing resolution to avoid a government shutdown at the end of the month — and more in Wednesday’s stock market update. But it didn’t last as major indexes reversed course shortly […]
09/23/2020

Global Shares Rise Despite Concerning Economic Data

World stock markets rose this morning as European shares advance despite new information that its regional economic recovery is unstable.  After Federal Reserve Chair Jerome Powell encouraged Congress to provide a new stimulus package, many traders and investors are keeping close tabs on how the coronavirus pandemic is affecting the […]
09/22/2020
Stock Market Update

Stock Market Update: Tuesday, September 22, 2020

Wall Street opened higher but turned choppy ahead of testimony from Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Steve Mnuchin — and more in Tuesday’s stock market update. Both expressed cautious optimism that the economy is rebounding from the pandemic-induced recession with federal support, but said more help […]
09/22/2020
Trump and Biden

Global Stock Markets Mixed in Struggle to Find Direction

Global stock markets are mixed this morning. Shares in Europe bounced back as Asian benchmarks continue to decline.  Multiple big bank stocks fell following a report that several are allegedly profiting from illicit dealings with criminal networks, and even continued to do so after being warned of potential criminal prosecutions.  […]
09/21/2020
Stock Market Update

Stock Market Update: Monday, September 21, 2020

Wall Street was weak throughout Monday’s session following the passing of Supreme Court Justice Ruth Bader Ginsburg over the weekend — and more in Monday’s WealthPress stock market update. News of Ginsburg’s death broke Friday evening, and it will surely add more uncertainty to an already fraught U.S. election in […]
09/21/2020
Best Pairs Trade

Global Shares Slip As Wall Street Posts Third Straight Week of Losses

Global stock markets and U.S. futures plunged this morning following Wall Street’s third straight week of declines, and a rise in U.S.-Chinese tensions over technology and security.  Since the Federal Reserve announced the U.S. economic outlook as unclear, market momentum has shifted. Progress in some sectors has declined as lawmakers […]
09/18/2020
Stock Market Update

Stock Market Update: Friday, September 18, 2020

Wall Street was tentative to open Friday’s action after the Commerce Department announced that it will prohibit TikTok and WeChat transactions as of September 20 — and more in Friday’s WealthPress stock market update. And more importantly for TikTok, it will be shutdown altogether on November 12 if there is […]
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