Wall Street was optimistic this morning after the release of the May jobs report. The Labor Department reported that the U.S. economy added 559,000 jobs last month, slightly lower than the 671,000 jobs expected. However May’s jobs number is a drastic improvement from April’s disappointing 266,000 jobs...
Stocks trailed lower in early trading this morning with weakness in stocks tied to the economic reopening. Meme stocks are in the spotlight once again and AMC Entertainment is front and center. The stock has gained over 200% this week alone and is up more than 3,000%...
Stocks were flat this morning following muted action during yesterday’s session. Investors seem to be weighing inflation fears against shrinking infection numbers and a strengthening economy. The S&P 500 remains less than 1% below its May record.
Earnings season continues to wind down, with...
Enthusiasm around a strong economic reopening helped push stocks higher in early trading. One sentiment boosting factor was positive news from the CDC. Daily infection levels are at their lowest since March 2020 and more than 50% of the U.S. population has had at least one dose...
Stocks were relatively flat this morning after yesterday’s wild ride. A sudden and steep drop in Bitcoin was one contributing factor to an early morning exodus out of the speculative areas of the market in yesterday’s session.
Following a tumultuous and turbulent year in...