Markets / Commentaries
Stock Market Today: April 16, 2021
Harvey S. Katz, CFA | 04/16/2021
The stock market closed strongly higher yesterday, boosted by supportive earnings reports and the upbeat economic issuances. Looking ahead and following what, as noted, seems likely to be a positive opening this morning, the market will again focus on pending earnings reports.
Markets / CommentariesStock Market Today: April 15, 2021
Harvey S. Katz, CFA | 04/15/2021
Looking ahead, earnings season will be picking up in the coming days. As for the overall stock market, it posted a mixed to lower close yesterday, with the Dow Jones Industrial Average holding on to a narrow 53-point advance after an earlier gain of better than 200 points, while the other indexes shed points. As noted, though, the bulls are seemingly ready to charge ahead at the open.
Markets / CommentariesStock Market Today: April 14, 2021
Harvey S. Katz, CFA | 04/14/2021
It has been a newsworthy week so far on the economic front, and the reports will keep rolling in. Specifically, this afternoon will bring the Federal Reserve's Beige Book, a survey of business conditions across the country that the central bank will use to help it formulate monetary policy at its next FOMC meeting, which is on tap for late this month. Ahead of all that, and following yesterday's mostly positive session, the stock market seems poised to open to the upside this morning, with renewed strength in the NASDAQ.
Markets / CommentariesStock Market Today: April 13, 2021
John E. Seibert III | 04/13/2021
The stock market had a modestly weaker trading session yesterday, as the Dow Jones Industrial Average finished the day off by 55 points, and the NASDAQ fell 50 points. Looking ahead, the U.S. futures are now suggesting a soft start to the trading day.
Markets / CommentariesStock Market Today: April 12, 2021
William G. Ferguson | 04/12/2021
The new trading week will begin with the major equity averages either at or near record highs. With these recent gains, though, come stretched price-to-earnings multiples, and this will likely test the mettle of investors and have them looking closely at first-quarter earnings season, which is set to kick off this week. A good showing from Corporate America would be a key component, along with the recent encouraging economic data, in keeping the upward momentum going.
Markets / CommentariesStock Market Today: April 9, 2021
Harvey S. Katz, CFA | 04/09/2021
The U.S. Labor Department was expected to release figures on the producer Price Index for March, but that issuance was delayed by an outage on the government's news site. Even so, Treasury note yields, down in recent days have ticked up from 1.63% to 12.67% on the 10-year note. So far this morning, the stock market has a mixed look to it, with the Dow futures higher, but the NASDAQ lower.
Markets / CommentariesStock Market Today: April 8, 2021
Harvey S. Katz, CFA | 04/08/2021
The nation's economy, lifted in recent days by stronger-than-expected issuances on job growth, manufacturing activity, and the non-manufacturing sector, has just received unimposing data on jobless filings for the latest seven-day period. Specifically, the Labor Department this morning released figures showing that in the most recent week, new layoffs came to 744,000. That was up from 728,000 the week before and also was above forecasts of 680,000 claims.
Markets / CommentariesStock Market Today: April 7, 2021
Harvey S. Katz, CFA | 04/07/2021
Following back-to-back wins for the bulls the past two sessions on optimism about the economic recovery, Wall Street put in an unprepossessing performance yesterday. As for the day ahead, shares of reopening plays, such as airlines and cruise ships were higher in the pre-market. Overall, stocks seem a bit extended, but there is little appetite for selling. Finally, in news upcoming this afternoon, the Federal Reserve will issue the minutes from its last FOMC meeting.
Markets / CommentariesStock Market Today: April 6, 2021
Mario Ferro | 04/06/2021
Stocks began the first trading session in April on the upside, with solid gains reported across most of Asia and the European bourses. The favorable momentum carried over to our shores, and the major indexes ended the day with strong advances. As we look to the new day, U.S. stock futures are suggesting a positive open for the NASDAQ, while the others appear set to start the day slightly to the down side.