Roger Scot
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 […]
09/12/2020
U.S. markets closed mostly higher on Friday as better-than-expected economic news and a possible push to pass a stimulus bill kept the bullish sentiment intact. The House is slated to reconvene this weekend to try to craft a stimulus bill with the Senate in the process of assembling a "skinny" $300 billion bill.
09/11/2020
Investors and traders tend to avoid boring stocks. After all, there’s nothing sexy about energy companies when you could trade names like Amazon and Netflix. But if I’ve learned anything from the stock market over the past quarter, it’s to treat all stocks equally because we never truly know which […]
09/11/2020
The residential housing market is hot, hot, HOT. Even (socially distanced) strangers at the grocery store are telling me it’s a seller’s market. Thanks to an uptick in mortgage applications along with mass refinancing, consumer credit companies are seeing more action than usual. In fact, credit inquiries were up nearly […]