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Improved economic data drove the cyclical stocks higher. The initial jobless claims dropped below 1MM, first time since the start of lockdown. Retail sales rose 1.2% from last month. Industrial production grew 3.0% in July.  Trump’s Executive Order on Relief Package Trump issued an executive order after talks with Pelosi and Schumer broke down. The … Read more

The stock market started the first week of August with a positive tone. The economy continues to recover from the pandemic-triggered recession. Both manufacturing and service sectors show robust rebound according to Institute of Supply Management. The second quarter GDP declined by a 33% annual rate, the worst since the Great Recession but in line … Read more

The US stock market was led higher by the tech companies last week. The four tech giants Amazon, Alphabet, Apple and Facebook all reported better-than-expected earnings results.  Stock Market & Financial News On Monday, US stocks rose slightly when tech companies’ stocks outperformed. The Dow rose 86 points at midday, or 0.3%. Nasdaq Composite rose … Read more

The US stock market suffered the first negative week in four weeks amid volatile trading. The big tech companies led the decline. Escalating tensions with China, concerns about expensive valuations and uncertainties around the pandemic impacts on corporate profits rattled investors.  On Tuesday, the Dow climbed 307 points, or 1.2%. The Nasdaq Composite dropped 0.5%. … Read more

The spread of China’s coronavirus is providing investors with another reason for caution. The S&P 500 Index gave up earlier gains and closed down by 0.9% on Friday last week as the CDC confirmed a second US case of the disease in Chicago. Over the weekend, the coronavirus cases continued to rise. There are 2,862 … Read more