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Markets Live Recap: Stocks Close Down Despite Powell's Statement

By , Money Morning - • Print | Email

The S&P 500 and Dow Jones were both down in early market trading as investors continued yesterday's sell-off.

Then, Jerome Powell said the U.S. Federal Reserve intends to keep interest rates near zero through 2022.

And he expects GDP to expand by 5% in 2021.

Stocks rallied across the board on the back on the announcement by the Fed Reserve Chairmen.

But only the Nasdaq closes the day in positive territory – up 1.2% and closing at a record high.

The S&P 500 was flat and the down was down 0.6%.

Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.

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stocks

Markets Live Recap: The Nasdaq Breaks Above 10,000 for the First Time

By , Money Morning - • Print | Email

Investors mostly paused their buying spree today as the Dow snapped its 6-day winning streak.

Concerns that the recent rally is overbought could be valid, but tech stocks couldn't be stopped today.

The Nasdaq touched 10,000 for the first time in intraday trading and closed 0.3% higher.

But the S&P 500 closed 0.8% lower and the Dow fell 1.1%.

Here's what our experts - Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani - saw live at the open and close of the trading day...

stocks

Markets Live Recap: Stocks Surge After U.S. Adds a Record 2.5 Million Jobs in May

By , Money Morning - • Print | Email

Stocks surged to close the week after a historic increased in U.S. jobs further fueled investors' confidence that the reopening of the economy will be successful following the COVID-19 lockdowns.

The 2.5 million jobs added in May was the largest one-month increase on record.

Investors were expecting an 8 million job loss.

The U.S. unemployment rate slid to 13.3% when it was expected to reach nearly 20%.

And stocks rallied big time.

The Dow was up 3.15%, the S&P 500 closed 2.62% higher, and the Nasdaq rose 2.06% to a new all-time high.

Here's what our experts - Chris Johnson and Shah Gilani - saw on this historic day...

stocks

Markets Live Recap: The FOMO Rally Heats Up

By , Money Morning - • Print | Email

Despite hardly any positive news, Wall Street continued putting more cash to work on Wednesday as investors bid stocks another 2% higher.

They're betting that we're going to have a smooth reopening of the economy even as coronavirus infections continue higher and protests against police brutality fuel nationwide social unrest.

Here's what our experts - Chris Johnson and Shah Gilani - saw at the open and close of the trading day, today June 3...

Stocks

Markets Live Recap: The Most Important Sector to Watch as the Stock Rally Continues

By , Money Morning - • Print | Email

The Dow traded 1% higher today despite a triple whammy of events working against logic.

Social unrest continues to be prevalent as protests ensued across the country.

Signs are showing the coronavirus recovery may be slower than expected even as summer gets under way.

And tensions between the world's two largest economies in the United States and China prolonged as China continues using Hong Kong as a political pawn in the trade war.

But either way the market breaks next, our experts – Chris Johnson and Shah Gilani – are prepared to help investors make money now.

Here's what they saw today, June 2...

stocks

Markets Live Recap: Stocks Start June in the Green

By , Money Morning - • Print | Email

As states continue to reopen their economies amid the coronavirus pandemic, investors showed their optimism and bid the S&P 500 0.4% higher today.

Traders are also grappling with rising tensions between the United States and China over the latter's treatment towards Hong Kong.

With a list of earnings reports coming up and potential risks on the horizon, we're here to help you make the most money no matter what happens next.

Here's what our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – are watching today.

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stocks

Markets Live Recap: Why the Stock Market Was Volatile Today

By , Money Morning - • Print | Email

Tensions between the United States and China have risen in recent weeks after President Trump criticized the Chinese government's response to the coronavirus outbreak.

Investors were worried that Trump may pull out of the phase one trade agreement with China reached earlier this year.

That's why they sold off stocks into the close yesterday.

And throughout most of the day today.

But fortunately, the President didn't even bring up the trade agreement during his press conference today.

Instead, Trump announced he would take action to eliminate special treatment towards Hong Kong.

Money Morning's Chief Investment Strategist Shah Gilani was watching this press conference closely and dissecting all the news that came to light today.

Here's how he thinks investors should be positioning themselves heading into the weekend...

stocks

Markets Live Recap: Dow Turns Negative After President Trump Announces China Conference

By , Money Morning - • Print | Email

Another 2.13 million Americans filed for unemployment over the past week, once again outpacing Wall Street's estimate of 2.05 million.

That means, nearly 41 million Americans have submitted jobless claims since the coronavirus pandemic gripped economies around the world.

That news was overshadowed by the by the four million people who discontinued their unemployment benefits over the same timeframe.

Continuing jobless claims fell from 25 million last week to 21 million this week.

That's largely due to states reopening their economies to various extents.

Stocks rallied for most of the trading session, with the Dow up 0.8% mid-day.

But then the big news of the day occurred at the end, when President Trump announced he will be giving a news conference regarding the China situation with Hong Kong tomorrow.

Here's what our experts – Chris Johnson and Shah Gilani – saw throughout Thursday's volatile trading session.

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stocks

Markets Live Recap: The S&P 500 Closes Above Its 200-Day Moving Average

By , Money Morning - • Print | Email

Markets wrapped up a volatile trading day Wednesday that saw stocks rise in the morning, turn negative, then ultimately rally and close on the highs.

The big news of the day is positive for technical traders who saw the S&P 500 close above its 200-day moving average for the first time since March 4.

Here's what our experts – Chris Johnson and Shah Gilani – saw throughout the day along with some of their favorite stocks to buy and sell now.

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stocks

Markets Live Recap: Stocks Surge on Economic Reopening Optimism and a Potential COVID-19 Vaccine

By , Money Morning - • Print | Email

The S&P 500 surged over 2% to start the shortened trading week after the long Memorial Day weekend.

Early investors were optimistic that economies around the nation are reopening.

And the thinking is, that should lead to more sales if consumers feel safe enough to go out and spend.

They were also optimistic that a COVID-19 vaccine could soon be discovered.

But that optimism could be short lived as a sell-off occurred at the end of trading, which saw the S&P 500 only close 1.2% higher.

Here's what our experts – Chris Johnson and Shah Gilani – thought about the early rally and late selling.

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