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Daily Market Updates

December 1, 2020

Stocks moved higher today, with every major index finishing up about 1%. In economic news, pending home sales dropped 1.1% in October. Dow Jones +185 at 29,824 S&P 500 +41 at 3,662 NASDAQ +156 at 12,355   The 10 Year Treasury closed up 9 basis points yielding 0.93% Oil prices closed down $0.79 ending at […]

November 30, 2020

Stocks fell sharply today as investors cashed in some of the historically strong gains logged in November.   Dow Jones finished -271 at 29,638 S&P 500 finished -17 at 3,621 NASDAQ finished -7 at 12,198   The 10 Year Treasury closed up 1 basis point yielding 0.85% Oil prices closed down $0.40 ending at $45.13 […]

November 25, 2020

Wall Street consolidated its gains today, with stocks trading flat to slightly weaker a day after major benchmarks scaled to new highs. Caution set in as investors digested weekly jobless claims that revealed a labor market that’s still struggling under the weight of the pandemic. Dow Jones finished -174 at 29,872 S&P 500 finished -6 […]

November 24, 2020

Optimism over the pending deployment of a COVID-19 vaccine drove the Dow Jones above 30,000 for the first time ever today, extending a rally that’s carried stocks deep into a bull market.   Dow Jones finished +455 at 30,046 S&P 500 finished +58 at 3,635 NASDAQ finished +156 at 12,036   The 10 Year Treasury […]

November 23, 2020

Wall Street rallied today, adding to recent gains as investors weighed new COVID-19 infections — which are leading to rising deaths and a record number of hospitalizations across the U.S. — against the rapidly unfolding timetable for the deployment of a vaccine. Dow Jones finished +328 at 29,591 S&P 500 finished +20 at 3,577 NASDAQ […]

November 20, 2020

Stocks closed lower today as rising new coronavirus cases, coupled with questions around central-bank funding for key emergency programs, cast doubt on a swift economic recovery.   Dow Jones finished -220 at 29,263 S&P 500 finished -24 at 3,557 NASDAQ finished -50 at 11,854   The 10 Year Treasury closed down 2 basis points yielding […]

November 19, 2020

Stocks finished in positive territory today, as investors weighed rising COVID-19 cases in the U.S. and increased restrictions against hopes for an effective vaccine. Jobless claims totaled 742,000 for the week which was higher than expected.   Dow Jones finished +45 at 29,483 S&P 500 finished +14 at 3,581 NASDAQ finished +103 at 11,904   […]

November 18, 2020

U.S. stocks fell on today as the market’s recent rally to new records took a breather. The worsening pandemic that brought on new restrictions overshadowed positive developments on the coronavirus vaccine front.   Dow Jones finished -345 at 29,438 S&P 500 finished -42 at 3,567 NASDAQ finished -98 at 11,801   The 10 Year Treasury […]

November 17, 2020

Stocks fell today as momentum from yesterday’s rally lost steam. The S&P 500, Dow, and NASDAQ all declined after posting record closing highs a day earlier.   Dow Jones finished -167 at 29,783 S&P 500 finished -17 at 3,609 NASDAQ finished -25 at 11,899   The 10 Year Treasury closed down 3 basis points yielding […]

November 16, 2020

Last Monday the S&P 500 jumped 2% on news Pfizer’s COVID vaccine is 90% effective and today we started 1% higher on news Moderna’s vaccine is 94% effective sending those shares 10% higher. COVID cases continue to climb, hoarding is back, and vaccines are not likely to be widely available for 6 months, but the […]

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