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stocks

Markets Live Recap: Why Stocks Gave Back Nearly Half of Yesterday's Rally

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Stocks failed to build off the positive momentum that fueled the rally yesterday.

Yesterday, Moderna Inc. (NASDAQ: MRNA) posted positive coronavirus vaccine data and U.S. Federal Reserve Chair Jerome Powell announced the Fed would digitally add more money to the system as needed.

Today, reality struck back.

Morderna announced it would be raising $1 billion of new stock to take advantage of its 20% surge yesterday.

The stock dropped 10.4% today.

And you can add Howard Marks to the list of billionaire investors who think this market is overvalued after he said these "artificially supported" markets will fall when Fed aid slows.

Consider his remarks another blow to the credibility of Jerome Powell.

Overall, the Dow fell 1.6%, the S&P 500 fell 1% and the Nasdaq dropped 0.5%.

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

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dow jones

Dow Jones Flat After Weak Earnings Report from Home Depot

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The Dow Jones is off this morning as investors turn to the latest rounds of earnings reports across the country.

On tap, keep an eye out for the latest numbers from Walmart Stores (NYSE: WMT) and Home Depot (NYSE: HD).

Plus: See how far can the airline industry fall in the COVID-19 crisis?

Read on for everything moving the Dow today.

Read more...

stocks

Markets Live Recap: Stocks Rise Another 2% Despite Record Jobless Claims

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Stocks surged to close the week higher as investors think the worst of coronavirus is behind us.

That's even after the U.S. unemployment rate soared to 14.7%, the worst since the Great Depression.

Here's what our experts – Chris Johnson, D.R. Barton, Jr., and Shah Gilani – saw in the markets today.

And how they think investors should be positioning themselves heading into next week…

And how they think investors should be positioning themselves heading into next week...

stocks

Markets Live Recap: Stocks Rise Despite 3.17 Million More Unemployment Claims

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The U.S. weekly jobless claims number increased another 3.17 million people (versus the 3.05 million expected by economists) today.

That brings the total to 33.5 million Americans unemployed over the last seven weeks.

Stocks shook off the news, however, as the Dow rallied 0.9%.

The Nasdaq rose 1.4% as investors buy into technology stocks that are less likely to be affected by government shutdowns.

Oil was up 10% in the first half of trading, but closed down 3% in a volatile session.

And interestingly enough, gold was up 2% while Bitcoin popped 6%.

Typically, gold is negatively correlated to stocks and goes down when the market goes up.

Here's why our experts – Chris Johnson, D.R. Barton, Jr., and Shah Gilani – think stocks are likely to experience more pain to come.

And why gold (and Bitcoin) might be the big winners over the next couple years...

Dow Jones

The Dow Jones Today Will Be Carried by Earnings Wins

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The Dow Jones today will hit a new all-time record with the latest round of earnings reports. Read on to see who's delivering this week.

In addition, investors saw good news in the housing market. Housing starts increased by nearly 4% last month, while single-family home starts increased for the fifth straight month.

Permits jumped to their highest level in more than 12 years.

Read more here...

Dow Jones

The Dow Jones Industrial Average Is Flat as U.S.-China Trade Talks Quiet Down

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The Dow Jones Industrial Average is flat today as the market waits for new trade developments between China and the U.S.

We're also about to enter a busy earnings week for the retail sector.

The Dow has experienced a strong, four-week winning streak as optimism increases around global trade and economic growth.

Here's why the streak may continue in the days to come...

Trading Strategies

How to Get on the Profitable Side of All This Volatility

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With all the recent volatility in the markets, many investors want to shut their eyes and wait till it's all over.

But doing that will run you the real risk of missing out, because those big swings we've seen lately are huge moneymaking opportunities.

That's why D.R.'s going to show you how you can absolutely clean up at times like these...

Dow Jones

The Dow Jones Today Will Pop as Trump Considers Tax Cuts

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The Dow Jones today is expected to jump by triple-digits after a Tuesday quote from President Donald Trump suggested lowering the capital gains tax, and other tax cuts.

The President also continued to put pressure on the Federal Reserve to lower interest rates further.

Read More…

Earnings

Here's the Sector That Will Affect Markets the Most This Week

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I'm continuing my close watch of the markets for the week ahead, including some of the most impactful earnings reports that will act as a bellwether for the broader economy. Speaking of which… Despite recovering from last week's losses Monday morning, following Trump's tweet indicating progress in trade talks, the market has been trending down […]

Read more here...