Roger Scot
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 […]
09/11/2020
Before I jump into today’s stock market update, I’d like to give a big shoutout to America’s first responders, heroes and veterans. All of our hearts here at WealthPress go out to everyone impacted by the September 11 attacks. Moving onto the markets, global shares are mixed this morning as […]
09/11/2020
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.
09/10/2020
Global stock markets opened lower this morning as Wall Street continued to eye the recent volatility in tech stocks. While a new coronavirus economic aid package in the U.S. is at a standstill in Congress, some investors and traders are encouraged by the possibility of additional stimulus from the European […]