market update

Wall Street showed continued strength following news that the Trump administration approved the start of a formal transition to President-elect Joe Biden — and more in Tuesday’s stock market update. Additionally, the pick of former Federal Reserve Chair Janet Yellen, a well-known quantity for Treasury Secretary, has calmed fears of […]

At long last, energy stocks are rising. I started banging the drum on them a couple of months ago, and they are suddenly becoming quite popular.  In fact, all of my beaten-down oil companies have taken off big-time to the upside. Chevron Corp. (NYSE: CVX) is up 23%, Valero Energy […]

Wall Street rebounded to recover all of Friday’s pullback but remained in a two-week trading range — and more in Monday’s stock market update.  AstraZeneca PLC (Nasdaq: AZN) announced its vaccine is up to 90% effective in trials, helping boost sentiment and now representing a third piece of COVID-19 treatment […]

Wall Street traded in another tight range to close out the week as cross-currents continue to weigh on sentiment — and more in Friday’s stock market update.  Headwinds include ongoing coronavirus concerns, renewed restrictions, updated vaccine developments, stimulus uncertainties and worrisome outlooks in the economy. Selling pressure picked up in […]

Wall Street continued its seesaw action following a slightly disappointing jobs report and a new string of closures coming to major cities by Friday night — and more in Thursday’s stock market update.  New York City, home to the largest public school system in the country, suspended in-person school learning […]

Wall Street closed lower as vaccine hopes were offset against the ongoing resurgence in coronavirus cases — and more in Wednesday’s stock market update.  Pfizer Inc. (NYSE: PFE) announced its vaccine was 95% effective in its final read of study data, and said it will seek government authorization in the […]

Wall Street settled on both sides of the ledger following a weaker-than-expected retail sales report — and more in Tuesday’s stock market update.  More positive news from the housing market offset some of the opening losses with small caps outperforming the broader market. Stock Market Update  The Russell 2000 rose […]

Wall Street showed continued momentum following news from Moderna that its vaccine is 94.5% effective based on early results — and more in Monday’s stock market update. The strength helped lift the Dow and the Russell 2000 to fresh all-time highs while stay-at-home Tech stocks continued their recent pullback. Moderna […]

Wall Street rebounded to close out a strong week following better-than-expected earnings from some big names — and more in Friday’s stock market update. Cisco Systems Inc. (Nasdaq: CSCO) and Walt Disney Co. (NYSE: DIS) both topped Wall Street’s revenue estimates and helped the blue-chips recover from the prior session […]