Market Update (11/9)

Stocks surged to record highs Monday after traders embraced promising data on a leading COVID-19 vaccine candidate from Pfizer. Investors also responded to dwindling uncertainty over election results, with data showing a potential near-term decision over which candidate will be in the White House come January. The Nasdaq lagged the Dow and S&P, however, as hopes for…
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Market Update (11/6)

Stocks took a pause on Friday, with investors cautious going into the weekend as election uncertainty continues. A better-than-expected jobs report helped boost spirits but lacked the strength to push the broader markets higher. Still, the indexes posted a strong week and held most of its gains earned during Wednesday and Thursday as investors picked…
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Market Update (10/5)

Markets continued to rally on Thursday despite uncertainties in election results, chances for a near-term financial stimulus package, and potentially weak consumer sales numbers heading into the holiday season. Shrugging off the potential headwinds, investors again scooped up shares of healthcare and tech stocks, with some speculating the lack of a democratic sweep eases some…
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Market Update (11/4)

Markets found silver linings in what is likely to be the most contested election in history. Investors welcomed the lack of a  “Blue Wave”, which took the pressure off of health-care stocks and helped them outperform on Wednesday. Also, with the republicans likely to hold the Senate, it’s believed that higher corporate taxes also may…
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Market Update (11/3)

Markets were bullish on Tuesday despite facing a full pallet of uncertainty. Investors shrugged off the potential implications from election results, rising coronavirus cases, and an economic environment that is struggling to gain its footing. Looking past the potential headwinds, though, investors sought value and sent the major indexes higher by roughly 2% at 4:00pm…
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Market Update (11/02)

Stock prices strengthened moderately into the close, keeping the major indexes in positive territory at 4pm ET. The NASDAQ stocks found buyers in the waning minutes of trading to keep itself out of negative territory. Investors appeared indecisive at times and traded cautiously ahead of several potentially market-moving events, including the elections, the ongoing pandemic,…
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Market Update (10/30)

Major U.S. stock indexes slipped on Friday, reversing the bullish sentiment from just a day earlier. Big cap names led the decliners after results failed to impress traders who are looking for more robust growth than what was delivered. A spike in coronavirus cases, the looming elections, and weakness in the energy markets added to…
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Market Update (10/29)

Stocks rebounded on Thursday and reversed an early morning selloff after economic data showed a surge in third-quarter GDP and a better than expected jobless claims report. Still, despite the bullish sentiment on Thursday, investors are cautiously evaluating the upcoming election’s implications, a global spike in coronavirus cases, and a stalemate in pandemic relief stimulus…
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Market Update (10/28)

Both stocks and commodities dropped sharply on Wednesday as investors digest the news of elevating coronavirus case counts in the U.S. and Europe. Those concerns are added to potential market impacts from the upcoming elections as well as from uncertainty about when the next fiscal stimulus might get passed. U.S. equities’ weakness came alongside a…
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Market Update (10/27)

Stocks were mixed Tuesday following a brutal Monday selloff that pushed the Dow and S&P 500 to their biggest one-day drops in more than a month. Weakness in the Dow continued on Tuesday as 3M and Caterpillar both fell after reporting disappointing earnings results. The S&P and NASDAQ markets stabilized, following their 1.9% and 1.6%…
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Buy Low, Sell High Trend Capitalizes on 2020 Investment Tradewinds

“Buy low and sell high” has long been a popular mantra in the trading world. While this strategy seems like common sense, it is sometimes easier said than done, as newer traders struggle to time the market and to part with favorite securities. However, more and more investors are starting really, really low in 2020,…
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Market Update (10/26)

Stocks moved decisively lower on Monday to start what could be a volatile week. With the U.S. elections looming and with a resurgence of the coronavirus around the globe, including the United States, investors took risk off the table. Shares in companies that were expecting to soon benefit from a broad scale economic reopening were…
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