Stock Market Recap

08/24/2020
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Market Update: Friday, August 21, 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.
08/21/2020
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Market Update: Thursday, August 20, 2020

Market Action U.S. markets shook off a disappointing jobless claims number and larger-than-anticipated drop in the Philly Fed to settle mostly higher on Thursday. Slightly good news on the U.S./ China trade front helped sentiment after China’s commerce ministry said the two sides will hold the delayed talks in the […]
08/20/2020
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Market Update: Wednesday, August 19, 2020

Market Action U.S. markets closed mostly lower on Wednesday after setting another round of fresh all-time intraday highs on signs of a possible breakthrough in deadlocked stimulus talks with chatter of a “skinny” $500 billion fiscal package possibly in the works. The afternoon minutes from the Federal Reserve July policy […]
08/19/2020
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Market Update: Tuesday, August 18, 2020

Market Action U.S. markets traded on both side of the ledger on Tuesday before settling mixed with the S&P 500 and Nasdaq setting fresh intraday and all-time closing highs. Another solid report from the housing market mostly outweighed the relentless uncertainties over the coronavirus, re-openings and the overall economic recovery. […]
08/17/2020
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Market Update: Monday, August 17, 2020

Market Action U.S. markets traded mostly higher on Monday after Speaker Pelosi recalled the House from its recess to deal with funding the post office and continued work on a coronavirus stimulus package. The blue-chips lagged while the broader market and Tech continued their assault on all-time highs. The Nasdaq […]
08/16/2020
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Market Update: Friday, August 14, 2020

Market Action U.S. markets traded in tight ranges on Friday before settling mostly lower after Congress failed to agree on the next round of coronavirus aid before taking a few weeks off. A bevy of economic news also weighed on sentiment as did the delay of the review of the […]
08/14/2020
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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 […]
08/04/2020

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 […]
07/21/2020

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.
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