market update

09/28/2020
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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 […]
09/23/2020
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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 […]
09/22/2020
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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 […]
09/21/2020
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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 […]
09/18/2020
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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 […]
09/17/2020
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Stock Market Update: Thursday, September 17, 2020

Wall Street traded in the red following disappointing economic news and Federal Reserve Chair Jerome Powell’s previous comments on the uncertainty over the pace of the economic recovery — and more in Thursday’s WealthPress stock market update.  Frustrating negotiations over a fifth coronavirus stimulus package also weighed on sentiment. Sen. […]
09/16/2020
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Stock Market Update: Wednesday, September 16, 2020

Wall Street pushed the stock market higher to open today’s action, with tech showing weakness shortly afterward and ahead of the Federal Reserve’s update on interest rates — and more in Wednesday’s WealthPress stock market update. Volatility returned after the Fed kept its benchmark interest rates unchanged at 0%-0.25%. Comments […]
09/15/2020
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Stock Market Update: Tuesday, September 15, 2020

Wall Street showed overall strength for the second straight session despite a mixed batch of economic news and the start of the Federal Reserve’s two-day meeting — and more in Tuesday’s WealthPress stock market update.  The market is fully priced for a dovish update, and that could make for some […]
09/14/2020
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Stock Market Update: Monday, September 14, 2020

Wall Street showed strength throughout the session amid progress on a coronavirus vaccine and corporate merger and acquisition news — and more in Monday’s WealthPress stock market update.  Eli Lilly and Co. (NYSEArca: LLY) and Incyte Co. (Nasdaq: INCY) released a joint statement saying they have a drug in development […]
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