Roger Scot
09/18/2020
Global stock markets are mixed this morning as investors and traders contemplate economic uncertainties due to the recent rise in coronavirus cases in multiple countries. U.S. jobless claims released Thursday emphasize that broad economic damage is still ongoing as 860,0000 more Americans applied for unemployment benefits — slightly below last […]
09/17/2020
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. […]
09/17/2020
Global stock markets and U.S. futures plunged this morning after the U.S. Federal Reserve announced no major monetary policy changes. The Fed stated Wednesday its benchmark interest rates will remain near zero until inflation reaches 2%. The U.S. central bank predicts we won’t reach that metric until late 2023. However, […]
09/16/2020
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 […]
09/16/2020
World shares have been subdued this morning ahead of today’s U.S.Federal Reserve’s policy announcement. It’s anticipated that the Fed will keep short-term interest rates near zero for quite some time. The hope is that this will help the U.S. economy recover from the coronavirus pandemic downtrend and keep the markets […]
09/15/2020
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 […]
09/15/2020
Global stock markets are mixed this morning despite Wall Street posting solid gains Monday, and better-than-expected economic data out of China. U.S. stock futures rose this morning. Shares in London, Shanghai and Hong Kong opened higher, while Tokyo and Frankfurt declined. The Shanghai Composite Index advanced 0.5% following a 0.5% […]
09/14/2020
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 […]
09/14/2020
Global shares rose overnight as investors and traders wait for cues from the U.S. central bank coming later this week. Japan’s Nikkei 255 advanced 0.7% after the ruling Liberal Democratic Party selected Yoshihide Suga to be their new prime minister. In the U.S., the Federal Reserve Open Market Committee is […]