Stocks got a boost this morning after Fed Chairman Jerome Powell gave reassurance that the central bank would wait before it starts easing its bond purchases despite surging inflation readings. Powell is set to speak before the House Committee on Financial Services at noon today. Wall Street...
Action was muted this morning to start the second quarter earnings season. Major financial firms start to release data today, beginning with Goldman Sachs (GS) who posted an earnings beat before the bell today. This marks the second straight quarter of better than expected earnings for the...
Trading action was mixed to start the day. The Dow pulled back from Friday’s record close as stocks tied to the economic recovery slipped. Tech shares traded higher, giving the Nasdaq a boost in early trading. Will today bring another record breaking session? We’ll have to wait...
Stocks were looking for a rebound from yesterday’s sell-off this morning in early trading. Moving into today’s session the Dow is down 1.1% for the week, the S&P 500 is off by 0.7% and the Nasdaq has shed 0.5%. Only time will tell where we finish the...
Stocks traded lower this morning amid global pandemic resurgence concerns. All the major benchmarks were down with stocks that would be boosted by a smooth reopening suffered the worst. Airlines, cruise lines and brick and mortar retailers slipped.
Our trade alert for today features...