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Daily Market Updates

July, 14, 2020

After a volatile day yesterday, stocks opened lower this morning, but gained momentum and every major managed to finish in positive territory. In economic news, the consumer price index rose 0.6% in June, which was higher than the expected 0.5% increase.   Dow Jones +557 at 26,643 S&P 500 +42 at 3,198 NASDAQ +98 at […]

July, 13, 2020

Stocks opened higher and spent most of the day up. However, they closed mixed after Governor Newsom announced California will be shutting down various businesses again as the state has seen a continuous rise in Covid-19 cases.   Dow Jones +11 at 26,086 S&P 500 -30 at 3,155 NASDAQ -227 at 10,391   The 10 […]

July 10, 2020

Stocks opened slightly lower this morning but managed to gain momentum with every major index turning positive. In economic news, U.S. Producer Prices declined 0.2% in June vs. a 0.4% expected gain.   Dow Jones +369 at 26,075 S&P 500 +33 at 3,185 NASDAQ +70 at 10,617   The 10 Year Treasury closed up 3 […]

Jul 8, 2020

Stocks opened slightly higher and spent the day goin gin and out of positive territory, with the NASDAQ finishing at a record high for the 25th time this year.   Dow Jones +177 at 26,067 S&P 500 +25 at 3,170 NASDAQ +150 at 10,493   The 10 Year Treasury closed flat yielding 0.65% Oil prices […]

July 2, 2020

Stocks increased today, with every major index finishing up about a half of percent. This was due to a record jobs gain of 4.8 million in June, which beat the estimates of 2.9 million and brought unemployment down to 11.1%.   Dow Jones +92 at 25,827 S&P 500 +14 at 3,130 NASDAQ +53 at 10,208 […]

June 29, 2020

Stocks opened the week higher despite the continuing rise in new coronavirus cases. This is due to investors believing states will continue to reopen even as some Covid-19 hotspots pop up. In economic news, pending home sales had a record increase of 44.3% in May.   Dow Jones +580 at 25,596 S&P 500 +44 at […]

June 26, 20220

Stocks dropped today, with every major index finishing over 2% lower. This was due to multiple states continuing to see a spike in new Covid-19 cases. In economic news, people continuing to receive unemployment benefits fell below 20 million for the first time in 2 months.   Dow Jones -730 at 25,016 S&P 500 -75 […]

June 24, 2020

Stocks dropped today with every major index finishing over 2% lower. This was due to a recent spike in new coronavirus cases in multiple states. In economic news, the IMF slashed its 2020 global economic outlook and sees a sluggish rebound in 2021.   Dow Jones -709 at 25,446 S&P 500 -81 at 3,050 NASDAQ […]

June 22, 2020

Stocks opened lower this morning but gained momentum and closed up with the NASDAQ hitting another record high. In economic news, existing home sales plummeted in May as the coronavirus pandemic continues to hurt the economy.   Dow Jones  +154 at 26,025 S&P 500 +20 at 3,118 NASDAQ +110 at 10,056   The 10 Year […]

June 19, 2020

Stocks opened higher this morning but spent the day going in and out of positive territory with the NASDAQ being the only major index to finish up. In economic news, housing starts came in lower than the expected 1.1 million.   Dow Jones -209 at 25,871 S&P 500 -18 at 3,098 NASDAQ  +3 at 9,946 […]

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