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12/01/2020
Wall Street showed strong gains following renewed talks of a stimulus package and mostly positive economic news — and more in Tuesday’s stock market update. A group of bipartisan lawmakers offered a new $908 billion stimulus plan in an effort to break the legislative stalemate as the coronavirus surges throughout […]
12/01/2020
Global stock markets and U.S. futures advanced this morning following positive economic reports out of China and as more pharmaceutical companies request approval for their COVID-19 vaccines. Although caution around the short-term economic effects of rising virus cases in the U.S. and Europe remains high, investor sentiment was boosted after […]
11/30/2020
Wall Street closed lower while wrapping up a strong month for the major indexes despite the losses — and more in Monday’s stock market update. Mixed economic reports and profit taking outweighed more good news concerning coronavirus vaccines as Moderna Inc. (Nasdaq: MRNA) announced it will apply for emergency use […]
11/30/2020
Global stock markets turned lower this morning as investors returned from the break after driving Wall Street to a record high last week. While the U.S. and Europe are still grappling with rising COVID-19 infection rates, China’s economy is gaining strength as the country contains the virus. China’s Purchasing Managers’ […]
11/27/2020
Wall Street traded in a tight, upside range during a shortened session with the Nasdaq setting another record high — and more in Friday’s stock market update. Trading could remain very cautious over the near-term given the ongoing surge in COVID-19 cases and tightening of restrictions. However, Black Friday sales […]
11/25/2020
Wall Street traded mostly lower throughout today’s session following a bevy of economic news ahead of and shortly after the opening bell — and more in Wednesday’s stock market update. Tech was a bright spot after trading higher throughout the session and ahead of the market closure on Thursday with […]
11/25/2020
The best thing about WealthPress is that we have stock market experts who specialize in just about everything… And one of our experts, Joy of the Trade’s Jeff Zananiri, specializes in the best linked trades. Even though that’s his thing, I’ve been receiving tons of emails from my subscribers this […]
11/25/2020
A lot of data has come out today, folks… The U.S. economy rebound at a record pace of 33.1% in the July-September quarter… housing and exports have been offset by downward revisions to state and government spending (along with business inventories and consumer spending)… and the number of Americans applying […]
11/24/2020
Wall Street showed continued strength following news that the Trump administration approved the start of a formal transition to President-elect Joe Biden — and more in Tuesday’s stock market update. Additionally, the pick of former Federal Reserve Chair Janet Yellen, a well-known quantity for Treasury Secretary, has calmed fears of […]