US stocks closed lower on Friday as the tech-laden Nasdaq Composite registered its first consecutive drop since mid-May, while investors worried about rising Sino-American tensions and lack of progress in another. fiscal stimulus bill in Washington. The increase in coronavirus cases in 40 US states is also limiting consumer and …
Read More »Stocks under pressure after jobless claims rise, all eyes on Washington’s stimulus efforts
US stocks fell on Thursday after the data showed no real improvement in weekly unemployment data with coronavirus cases increasing further in many states, though Senate and White House Republicans announced progress toward a deal on another financial aid package for businesses and households affected by the pandemic. However, investors …
Read More »Existing home sales rebounded sharply in June from the lows fueled by the pandemic, but will the recovery be sustainable in the long term?
The counts: Previously owned home sales increased 20.7% in June when states reopened their economies following coronavirus-related blockades. Existing home sales occurred at a seasonally adjusted annual rate of 4.72 million, the National Association of Real Estate Agents reported Wednesday. It was a big rebound from May, when sales fell …
Read More »Dow leans more when investors watch tensions between China and the US, while investors watch Tesla earnings, Microsoft
US stocks rose slightly at the start of trading on Wednesday as investors braced for the corporate results of major corporations, including Tesla and Microsoft after the close, and watched the increase in Sino-US tests. . Market participants are also concerned about the state of congressional negotiations on another financial …
Read More »This could be ‘the worst time ever’ to stack on these stocks, but investors are still doing it anyway.
Two of the most reliable patterns in investing, according to Servo Wealth Management CEO Eric Nelson: stocks outperform bonds, and low-priced stocks outperform higher-priced growth. Stocks have delayed their end of the bond deal lately, but value stocks have been losing. It would be prudent for investors feeding off the …
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