Investor confidence suffered this morning following the release of more, red-hot inflation data. The producer price index reading for November showed a year-over-year increase of 9.6%, the steepest increase ever to be recorded and significantly over the 9.2% increase economists were expecting.
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Stocks were flat to start the week after a remarkable rebound last week that broke two-week losing streaks for the Nasdaq and the S&P 500, and a four-week losing streak for the Dow. The S&P 500 finished last week with a fresh record close, but the Dow...
E-commerce exploded during the pandemic. Recent data shows that most consumers who adapted to make purchases online are continuing to do so even though many brick-and-mortar options have reopened. The insane uptick in online spending has given rise to an exciting take on consumer lending which means...
Stocks ticked slightly lower in early trading after 3 straight days of gains for the major indices. Travel and other reopening stocks that led the market higher in recent days were on the decline this morning. The moves come ahead of tomorrow’s release of the consumer price...
This morning, stocks ticked upward after Pfizer (PFE) and BioNTech (BNTX) confirmed their vaccine’s effectiveness against the current viral mutation of concern. Studies proved that three doses of the vaccine were effective at neutralizing the variant. All sectors were positive, with tech leading this morning as stocks...