Markets / Commentaries
Stock Market Today: March 5, 2021
Harvey S. Katz, CFA | 03/05/2021
Suddenly, it is all about inflation, following years in which pricing concerns had been largely absent. Several things are sparking the concerns. First, last month's Producer Price Index shot up. Then, the ISM reported that the pricing component of its manufacturing survey showed another jump in February, as did the pricing gauge on its companion non-manufacturing index. Also, oil prices continue to push up and Treasury yields are ascending rapidly--nearly quadrupling from their 2020 lows. All of this is rattling the stock market, especially the NASDAQ.
Markets / CommentariesStock Market Today: March 4, 2021
Harvey S. Katz, CFA | 03/04/2021
Market Daily UpdatesStock Market Today March 4, 2021Before the Bell This week in the stock market, equities have continued the recent pattern we might call it up, down, and all around often within the same session. Yesterday once more, it
Markets / CommentariesStock Market Today: March 3, 2021
Harvey S. Katz, CFA | 03/03/2021
After entering March like a lion, with a better-than-600-point surge in the Dow Jones Industrial Average on Monday, things quieted down to a more lamb-like performance yesterday. Bond yields stabilized and there was little of note on the economic front. So, stocks mainly drifted lower, with more early weakness in the NASDAQ than on either the Dow or the S&P 500. Stocks then closed on a major down note.
Markets / CommentariesStock Market Today: March 2, 2021
Mario Ferro | 03/02/2021
Stocks started the first week of March on a strong up note, with sizable gains posted in Asia, Europe, and the United States. As we look to the new day, stocks in Asia-Pacific had a down session, but the European bourses are adding to yesterday’s gains. Meanwhile, U.S. stock futures are suggesting the major indexes will open slightly lower.
Markets / CommentariesStock Market Today: March 1, 2021
William G. Ferguson | 03/01/2021
The final trading week of February was a wild and quite volatile one for equity market participants. Over the course of the five-day stretch, we saw some bifurcated performances, with disparate results from the Dow Jones Industrial Average and the NASDAQ Composite, but the overall undertone was decisively bearish.
Markets / CommentariesStock Market Today:February 26, 2021
Harvey S. Katz, CFA | 02/26/2021
It continues to be all about interest rates, or more specifically about rapidly rising yields on the U.S. 10-year Treasury notes and the companion 30-year Treasury bond. The fears continue to be that those increasing yields, which are a consequence of an improving economy and greater pricing pressures, will prove competition for stocks. This was clearly the case yesterday when a trio of strong economic readings pushed the 10-year Treasury note yield briefly past 1.61%--or four times the low seen in 2020. Stocks plummeted as a result.
Markets / CommentariesStock Market Today: February 25, 2021
Harvey S. Katz, CFA | 02/25/2021
It has been a busy morning for Wall Street already, with three key economic reports having been issued in the past few minutes. As for stocks, the early read on the futures suggests that the market, which closed strongly yesterday, will open on a weak note, with notable setbacks implied for the NASDAQ.
Markets / CommentariesStock Market Today: February 24, 2021
Harvey S. Katz, CFA | 02/24/2021
It was another topsy-turvy session on Wall Street yesterday, with the stock market getting off on the wrong foot again. Ultimately, the major market averages closed on a mixed note, the Dow and S&P showed nominal gains, while the NASDAQ fell into the red. As to the day ahead, the early read is for an uninspiring open when trading resumes later this morning.
Markets / CommentariesStock Market Today: February 23, 2021
John E. Seibert III | 02/23/2021
Overall, the stock market put in a mixed showing yesterday. The Dow finished up just 27 points, the S&P 500 was down 30 points, while the NASDAQ fell more than 300 points on weakness in technology. The futures markets were choppy in after market action, moving between red and green. By midnight, they had settled into positive territory. However, the futures are now in the red, suggesting that the trading day may get off to a rocky start.