Stock Market Recap


Market Update: Monday, July 20, 2020

U.S. markets were choppy on Monday’s opening following a number of positive developments concerning coronavirus vaccines and chatter of new stimulus measures. However, first half gains were somewhat limited as a number of states are still showing a rise in cases with the possibility of lockdowns coming back into play.

Market Update: Friday, July 17, 2020

U.S. markets traded in tight ranges on Friday with the major averages settling mostly higher, excluding the blue-chips. The best housing market news in 4 years provided some momentum but was offset by a weakness in consumer sentiment.

Market Update: Thursday, July 16, 2020

U.S. markets traded lower throughout Thursday’s session as heightened frictions with China outweighed upbeat economic news and corporate earnings. Specifically, President Trump is reportedly considering a ban on members of the Chinese Communist Party and their families from entering the country.

Market Update: Wednesday, July 15, 2020

U.S. markets surged on Wednesday’s open following news of an experimental coronavirus vaccine that showed it was safe and provoked immune responses in an ongoing early-stage study. Phase 3 results will begin later this month after the vaccine produced neutralizing antibodies in all 45 patients included in an early-stage human safety trial.

Market Update: Tuesday, July 14, 2020

U.S. markets shrugged off a slightly lower open to close higher across the board on Tuesday following better-than-expected earnings from the Financial sector. The overall results from the nation's biggest banks were solid although companies are reserving cash for possible loan losses from the coronavirus pandemic.

Market Update: Thursday, July 9, 2020

U.S. markets opened mostly to the downside on Thursday following mixed economic news with Tech showing some strength to start the session. However, news that the Supreme Court rejected President Trump’s bid to block a New York subpoena seeking his tax returns led to additional selling pressure.

Market Update: Wednesday, July 8, 2020

U.S. markets were sluggish throughout the first half of action on Wednesday as the major indexes traded on both sides of the ledger and in tight ranges. News that President Trump said Americans can look forward to another round of stimulus checks before the end of the year was offset by the continuing rise in coronavirus cases.

Market Update: Tuesday, July 7, 2020

U.S. markets opened lower to start Tuesday’s session as persistent concern over rising coronavirus cases and a retrenchment in reopenings weighed on sentiment. Optimism over the growth outlook was back under renewed pressure, as the surge in infections continues to hamper reopenings with California, Florida and Texas pulling back on their opening processes.

Market Update: Monday, July 6, 2020

U.S. markets closed higher on Monday following a 3-day weekend as Wall Street prepares for a light opening to 2Q earnings and the official start coming next week with the Financial sector. Better-than expected economic news and merger & acquisition headlines helped pushed the major indexes towards early and mid-June resistance levels.