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Investing Pros And Cons Of A Blue Washington
Friday, January 8, 2021 - 8:20am | 428Read More...The SPDR S&P 500 ETF Trust (NYSE: SPY) rallied once again on Thursday, and investors are clearly feeling optimistic about the economy’s near-term outlook after Democrats successfully gained control of the Senate earlier this week. While a Democratic “blue wave” in Washington...
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'Making Progress': Stock Market Update For The Week Ahead
Monday, December 21, 2020 - 7:12am | 1049Read More...The Past Week, In A Nutshell What Happened: Despite a volatile week, U.S. index futures managed to establish new all-time highs. Remember This: “In the longer term, the good news is that vaccines are now rolling out increasingly quickly,” said Brad McMillan, chief investment officer at...
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Analyst Sets S&P 500 Target Of 3,900 For 2021: 'Healing Is Underway'
Friday, December 11, 2020 - 3:10pm | 473Read More...After a wild ride for the markets this yea, the SPDR S&P 500 ETF Trust (NYSE: SPY) is on track to finish 2020 up 13.5% on the year. Given the ongoing pandemic, the stock market seems to be pricing in a lot of optimism about 2021, but Commonwealth Financial Network chief investment...
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'The Third Wave': Stock Market Update For The Week Ahead
Sunday, December 6, 2020 - 6:15pm | 1183Read More...The Past Week, In A Nutshell What Happened: In light of hopes for a sustained economic rebound, U.S. broad market indices pushed to new all-time highs. Remember This: “[T]he third wave is now hitting the economy harder than we thought and that the damage is likely to keep adding up in coming...
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US Adds Just 245K Jobs In November, Missing Expectations By 44%
Friday, December 4, 2020 - 9:29am | 449Read More...On Friday, the Bureau of Labor Statistics released employment data for the month of November, and the numbers were disappointing. Here’s a rundown of everything you need to know. What You Need To Know About The Jobs Report: The nonfarm payroll number came in at +245,000, well worse than...
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Dow Hits 30,000, But Does It Mean Anything?
Tuesday, November 24, 2020 - 2:45pm | 450Read More...The Dow Jones Industrial Average eclipsed the 30,000 level for the first time on Tuesday. It took the Dow 17 years to make it from 10,000 to 20,000, but less than four years to reach the 30,000 level. The 30,000 level is a nice psychological milestone, but investors are already asking themselves...
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Dow, S&P 500 Close At All-Time Highs: What's Next For Stocks Following Coronavirus Vaccine Rally?
Monday, November 16, 2020 - 4:11pm | 520Read More...The Dow closed at 29,950.44 while the S&P 500 closed at 3,626.91 after Moderna Inc (NASDAQ: MRNA) said its coronavirus vaccine has been more than 94% effective in preliminary clinical trials. The latest positive vaccine news comes just a week after Pfizer Inc. (NYSE: PFE) said...
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Experts React To Trump's Coronavirus Diagnosis And Its Impact On The Stock Market
Friday, October 2, 2020 - 10:31am | 708Read More...Markets traded lower on Friday after U.S. President Donald Trump tested positive for the coronavirus just one month ahead of the November election. Trump and First Lady Melania Trump both tested positive shortly after top Trump aide Hope Hicks tested positive. Trump’s diagnosis comes...
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'Deflationary Undercurrent': Stock Market Update For The Week Ahead
Monday, September 7, 2020 - 8:40am | 2091Read More...The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness from the technology sector. Remember This: “August benefited from multiple tailwinds, resulting in one of the best Augusts on record. Those tailwinds look stretched and at risk, however,” said Brad...
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'Caution But Not Bearishness': Analysts Respond To Tech Stock Plunge
Friday, September 4, 2020 - 11:15am | 664Read More...Large-cap tech stocks were hammered on Thursday, with the S&P 500 dropping 3.5% and the Nasdaq trading lower by 5%. While tech investors took a big hit on the day, the sell-off came with both the S&P 500 and the Nasdaq trading at all-time highs. The sell-off was led by Apple, Inc. (NASDAQ:...
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The So-Called 'Buffett Indicator' Hits All-Time High
Wednesday, August 26, 2020 - 4:15pm | 695Read More...The SPDR S&P 500 ETF Trust (NYSE: SPY) was up another 1% on Wednesday to new all-time highs, while the underlying U.S. economy continues to struggle with a COVID-19-driven recession. The disconnect between the health of the economy and the bullish momentum in the stock market has baffled some...
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What Now? Analysts React To S&P 500 Record Highs
Wednesday, August 19, 2020 - 12:36pm | 634Read More...The S&P 500 index marked a major milestone this week, closing at its first record high since the coronavirus outbreak began wreaking havoc on the U.S. economy back in February. Monday’s closing price of 3,389.78 market uncharted territory for the S&P 500, but many investors are...
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Stock Market Update For The Week Ahead: 'Continued Strength'
Sunday, July 5, 2020 - 1:18pm | 1502Read More...The Last Week In A Nutshell What Happened: The S&P 500 experienced its best quarter since 1998, adding 20%. "A 20% quarterly gain is quite rare, but the catch is previous large quarterly gains have actually led to continued strength. In fact, a quarter later stocks have been higher...
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Analyst: S&P 500 'Likely To End 2020 At Or Close To Current Levels'
Tuesday, June 23, 2020 - 2:35pm | 631Read More...In a year in which COVID-19 has devastated the U.S. economy, the SPDR S&P 500 ETF Trust (NYSE: SPY) is now down just 2.5% year-to-date in the first half of the year. While investors are thankful for the resiliency of the stock market, Brad McMillan, Chief Investment Officer for Commonwealth...
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What Dow 29,000 Does (And Doesn't) Mean For Investors
Friday, January 10, 2020 - 12:07pm | 523Read More...Investors have gotten used to new market milestones in the past couple of years, and the Dow Jones Industrial Average hit another big one on Friday when it topped 29,000 for the first time ever. Less than two months after it hit 28,000 for the first time and only six months after it first reached...
