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Market Update: Wednesday, August 13, 2020

Market Action U.S. markets settled mostly lower as ongoing stimulus talks continue to stall with House speaker Nancy Pelosi rejecting Secretary of the Treasury Steven Mnunchin’s call to resume negotiations. The stalemate overshadowed a better-than-expected jobless claims number and news of President Trump’s peace agreement with Israel and the United […]

Market Update: Tuesday, August 4, 2020

Market Action       U.S. markets opened slightly lower on Tuesday while trading in tight ranges as concern over the stalemate in Washington on the relief package and ongoing U.S./ China frictions weighed on sentiment. White House and Democratic party leaders struck a cautiously optimistic tone to start the […]

Market Update: Tuesday, July 21, 2020

U.S. markets showed overall strength for the 3rd-straight session following more good news on the coronavirus vaccine front and ongoing stimulus talks. Better-than-expected earnings also helped sentiment with Tech setting a new all-time high on the open.

Market Update: Monday, July 20, 2020

U.S. markets were choppy on Monday’s opening following a number of positive developments concerning coronavirus vaccines and chatter of new stimulus measures. However, first half gains were somewhat limited as a number of states are still showing a rise in cases with the possibility of lockdowns coming back into play.

Market Update: Friday, July 17, 2020

U.S. markets traded in tight ranges on Friday with the major averages settling mostly higher, excluding the blue-chips. The best housing market news in 4 years provided some momentum but was offset by a weakness in consumer sentiment.

Market Update: Thursday, July 16, 2020

U.S. markets traded lower throughout Thursday’s session as heightened frictions with China outweighed upbeat economic news and corporate earnings. Specifically, President Trump is reportedly considering a ban on members of the Chinese Communist Party and their families from entering the country.

Market Update: Wednesday, July 15, 2020

U.S. markets surged on Wednesday’s open following news of an experimental coronavirus vaccine that showed it was safe and provoked immune responses in an ongoing early-stage study. Phase 3 results will begin later this month after the vaccine produced neutralizing antibodies in all 45 patients included in an early-stage human safety trial.

Market Update: Tuesday, July 14, 2020

U.S. markets shrugged off a slightly lower open to close higher across the board on Tuesday following better-than-expected earnings from the Financial sector. The overall results from the nation's biggest banks were solid although companies are reserving cash for possible loan losses from the coronavirus pandemic.

Market Update: Thursday, July 9, 2020

U.S. markets opened mostly to the downside on Thursday following mixed economic news with Tech showing some strength to start the session. However, news that the Supreme Court rejected President Trump’s bid to block a New York subpoena seeking his tax returns led to additional selling pressure.