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Markets / Commentaries

Stock Market Today: January 25, 2021

01/25/2021 The major equity averages turned in another solid performance last week. During the abbreviated four-day trading stretch—the market was closed last Monday for the MLK holiday—the charge higher was led by the NASDAQ Composite, which surged 4.2% on the strength of the technology stocks. But it was not just technology, as the Dow Jones Industrials and the S&P 500 Index were in record territory, and the small-cap Russell 2000 continued its ascent that commenced in earnest last fall. The move higher comes despite a continued spike in COVID-19 cases, increased shutdowns, and uneven, at best, data on the U.S. economy.
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Markets / Commentaries

Stock Market Today: January 22, 2021

01/22/2021 Another day, another rally--at least at the start. So, after sharp gains on Tuesday and Wednesday of this holiday shortened week, Wall Street began the penultimate session of this four-day span to the upside. Optimism that the new Administration would meet with success in expediting the rollout of vaccines, hopes that new stimulus spending would alleviate the worst of the financial pain of the pandemic, and a succession of solid earnings reports led the way higher early on. However, after a mixed close yesterday, the market is poised to open matters to the downside this morning.



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Markets / Commentaries

Stock Market Today: January 21, 2021

01/21/2021 Wall Street will shortly begin a new trading session on the first full day of the Biden Administration following the new President's inauguration yesterday afternoon. And at this hour, the indications are that the stock market will open to the upside, with particular strength once more in technology. Strong earnings again are helping to underpin the market.
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Markets / Commentaries

Stock Market Today: January 20, 2021

01/20/2021 Optimism was on display on Wall Street yesterday as the nation prepared for the inauguration of Joseph R. Biden, Jr., at 12:00 PM (EST) today, as the 46th President of the United States. Specifically, the stock market was on strong footing to begin the session as the Dow Jones Industrial Average jumped some 275 points in the first few minutes of trading. Hopes for a more collegial atmosphere in a badly divided country and expectations that this changing mood would expedite stimulus help against the pandemic all helped the mood on the Street.



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Markets / Commentaries

Stock Market Today: January 19, 2021

01/19/2021 The U.S. stock market resumes trading today, after pausing for a three-day holiday weekend. Investors are currently operating in a complicated environment. The economy remains quite mixed, due to ongoing pandemic-related issues. Looking to the day ahead, U.S. equity futures are pointing to a higher opening.
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Markets / Commentaries

Stock Market Today: January 15, 2021

01/15/2021 Wall Street opened the day modestly to the upside yesterday, in spite of disappointing economic news on the jobs front. It would retain an edge until late in the afternoon when a slight selloff in the key averages shifted the close to the downside. Now, ahead of this morning's opening, the government just reported December figures for retail sales, which proved to be woefully disappointing, signaling that the holiday shopping season was a serious problem for chains and independent stores.
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Markets / Commentaries

Stock Market Today: January 14, 2021

01/14/2021 This week has seen a down stock market session on Monday, a mixed equity showing on Tuesday, and a moderately better outcome yesterday. Numerous currents, including the second impeachment of a sitting President of the United States, the issuance of the Federal Reserve's Beige Book, and this morning, the release of the jobless claims tally, will affect today’s markets. Nevertheless, stocks appear set to commence trading to the upside when traders get going this morning.
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Markets / Commentaries

Stock Market Today: January 13, 2021

01/13/2021 The stock market will open for trading shortly following a weaker session on Monday and a mixed showing yesterday. Thus far this morning, the equity futures are indicating little definitive direction to the new trading day. The major economic news item today, meanwhile, will be the release of the Federal Reserve's Beige Book. That major publication is a summary of business conditions across the United States, The central bank will use this economic summation to formulate monetary policy at its next FOMC meeting later this month.



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Markets / Commentaries

Stock Market Today: January 12, 2021

01/12/2021 The stock market started to the downside yesterday. Though there was some reversal in middle of the day, it did not take hold. The major market averages closed the day in the red. After the closing bell, the futures market showed some signs of a rebound from the day’s losses. Though this movement was choppy throughout the night, the futures markets finished decidedly green, suggesting a positive start to the trading day. Overall, we think that most traders will be looking towards any developments with the coronavirus, its vaccine distribution, and the political situation at home.
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