Roger Scot
02/23/2021
Wall Street opened with heavy losses as traders awaited Federal Reserve Chair Jerome Powell’s semiannual monetary policy testimony before the Senate Banking Committee — and more in Tuesday’s stock market recap. There was a slight rebound off the lows after Powell reaffirmed the Fed was looking to maintain its current […]
02/23/2021
Global stock markets and U.S. futures are mixed this morning following big tech’s major sell-off, as the Nasdaq 100 breaks below its 50-day moving average. And it shouldn’t be any surprise that this sell-off quickly spread into Asian stocks. Chinese tech giants like Xiaomi, a cell phone-maker, and e-commerce giant […]
02/22/2021
Wall Street was weak throughout but rebounded midday before settling lower for the session — and more in Monday’s stock market recap. Tech underperformed while the blue chips outperformed as rising Treasury yields and expectations of higher inflation weighed on sentiment. Specifically, the yield on the benchmark 10-year Treasury note […]
02/22/2021
Small-cap stocks have experienced a major run-up recently… The Russell 2000, which tracks 2,000 of the smallest companies in the U.S. stock market, has gained a jaw-dropping 26.96% in the past three months. During that same time period, the S&P 500 has only gained 13.9%. That’s roughly half as much, […]
02/22/2021
Global stock markets and U.S. futures are mostly lower this morning amid worries over rising long-term bond rates, as investors and traders continue to look forward to the recovery from the COVID-19 pandemic. Healthcare workers in Japan finally received their first dose of Pfizer’s COVID-19 vaccine last week. While further […]
02/19/2021
Wall Street snapped a three-session slide after rebounding with the blue chips setting another all-time intraday high — and more in Friday’s stock market recap. Better-than-expected housing numbers supported the bullish sentiment along with the potential for another stimulus package and the Federal Reserve’s tolerance of higher inflation. Stock Market […]
02/19/2021
When the COVID-19 pandemic first hit last March, the Centers for Medicare & Medicaid Services (CMS) restricted tons of elective and nonessential procedures in all hospitals. It was obviously done to save essential resources to treat COVID-19 patients, which has been the top priority over the past 12 months. But […]
02/19/2021
Global stock markets and U.S. futures are slightly higher this morning despite Thursday’s negative U.S. jobless claims report and poor economic data. The Labor Department reported Thursday that first-time filings for unemployment benefits reached 861,000 last week, instead of the 768,000 originally expected. That’s almost as many people applying for […]
02/18/2021
Wall Street was weak throughout following a disappointing jobs report, underscoring the incomplete economic recovery amid the ongoing pandemic — and more in Thursday’s stock market recap. Additionally, Treasury yields also weighed on sentiment after ticking higher as the benchmark 10-year yield hovered around the one-year high of 1.31%. Stock […]