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Market Perspective for November 17, 2020

Monday’s stock rally was fueled by positive news from Moderna (MRNA), a pharmaceutical company working on the development of a coronavirus vaccine, about promising late-stage clinical trial results. Moderna reported a higher-than-expected efficacy rate of 94.5 percent in Phase 3 … Continue reading »

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Market Perspective for November 15, 2020

U.S. stocks began with an impressive start with Pfizer’s (PFE) announcement of significant progress on its COVID-19 vaccine development along with BioNTech (BNTX). Its initial assessment of a 90 percent effectiveness rate for the vaccine has yet to be verified … Continue reading »

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Market Perspective for November 8, 2020

Domestic stocks enjoyed a significant rally last week. Uncertainty over the timing of final presidential election results and coronavirus case count surges across the country did not hamper recent gains. The Dow, S&P 500 and Nasdaq all rounded out their … Continue reading »

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Market Perspective for November 2, 2020

The trading week began with stocks on the rise. The Russell 2000 Index led with an advance of 1.96 percent, followed by the Dow Industrials gain of 1.60 percent, the S&P 500’s return of 1.23 percent and the Nasdaq’s increase … Continue reading »

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Market Perspective for November 1, 2020

All three major stock indexes posted declines for the month of October. The most significant declines can be attributed to losses by the major tech companies after their indications of uncertainty in their future projections. However, this is offset by … Continue reading »

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Market Perspective for October 26, 2020

The major stock indexes responded to an increase in coronavirus cases and concerns of potential lockdown measures across the country. Furthermore, selling was driven by traders reversing election bets as polls show the election tightening. Traders did the same thing … Continue reading »

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Market Perspective for October 24, 2020

At the close of the trading week, the major market indexes held up well against expected volatility due to the presidential election. Despite a minor drop in the Dow, the other major indexes posted a day of gains and appear … Continue reading »

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Market Perspective for October 18, 2020

Positive news from several major corporations, such as Boeing and Pfizer, plus continued optimism for a deal on the coronavirus stimulus package negotiations boosted stocks. An uptick in consumer spending in the retail sector also helped drive stock values up. … Continue reading »

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Market Perspective for October 11, 2020

The close of markets on Friday afternoon wrapped up an eventful week for stocks and emboldened investors with promising gains across the major indices. The Dow gained 161 points on Friday, closing with a gain of 0.57 percent for the … Continue reading »

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Market Perspective for October 6, 2020

This week in the markets kicked off with a positive start as stocks recovered and posted gains following Friday’s brief decline. In fact, the markets opened for the week by closing Monday with their strongest gains of the last several … Continue reading »

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