Daily Insights
Here comes October. U.S. stocks are higher this morning to kick off October. Stocks during the month of October have had a bad rap, mainly due to extreme declines in 1929, 1987, and 2008. However, the S&P 500 Index has performed well overall during this usually volatile month. Continue reading
Daily Insights
Stocks rebound. U.S. stocks are higher this morning, rebounding after a late-afternoon sell-off on Friday. The S&P 500 Index fell about 1% during Friday’s trading session on news that the U.S. is exploring plans to limit U.S. investors’ portfolio flows into China. Continue reading
Daily Insights
Range-bound stocks. U.S. stocks are higher this morning, but the S&P 500 Index is poised for its second straight week of losses. The S&P 500 has yet to break out from a 2.5% trading range it has been in since September 5, and there has been modest weakness under the surface as defensive and large cap stocks have outperformed cyclicals and small cap stocks. Continue reading
Daily Insights
Stocks rebound. On Wednesday, the S&P 500 Index rebounded from its worst selloff in a month, rising 0.6% after the United States announced a trade agreement with Japan, and President Trump signaled that a U.S.-China trade deal could happen “sooner than you think.” Continue reading
Daily Insights
Stocks fall. The S&P 500 Index broke out of its recent range, falling 0.8% on Tuesday amid negative trade headlines and news that an impeachment inquiry was being considered against President Donald Trump. Before yesterday’s decline, the S&P 500 had stalled at 3,000, closing within 1% of that level for 13 straight trading sessions. Continue reading
Daily Insights
Stocks rise on trade optimism. U.S. stocks are higher this morning amid news that face-to-face trade talks between the U.S. and China will begin on October 7. The U.S. and China have been expected to meet in October, but investors have been skeptical of the meeting after China canceled visits to U.S. farms last week. Continue reading
Daily Insights
Manufacturing slump deepens. The global manufacturing slump has deepened even further, according to Markit Purchasing Managers’ Index (PMI) September data released today. The most notable detail in the data was Germany’s manufacturing PMI, which unexpectedly fell to 41.4, its lowest level since 2009. Continue reading
Daily Insights
Sticking near 3,000. U.S. stocks are slightly higher in early trading, as the S&P 500 Index appears set to test the July 26 all-time closing high at 3,025. Continue reading
Daily Insights
Stocks reversed earlier losses and opened higher. Stocks’ resilience over the past 20 hours after a slightly hawkish set of projections from the Federal Reserve (Fed) is encouraging. Few major drivers this morning are in play, but investors are digesting a number of global central bank actions this morning. Continue reading
Daily Insights
Fed decision today. The S&P 500 Index set to open relatively flat ahead of the Federal Reserve (Fed) rate decision. The Fed is expected to announce that it is cutting its policy rate by 25 basis points (0.25%) this afternoon at 2 p.m. ET. After the release of the policy statement, Fed Chair Powell will hold a press conference with Q&A at 2:30 p.m. ET. Continue reading