The stock market showed continued weakness on Wednesday with the majority of the major indexes falling for the third-straight session. The Fed’s Beige Book helped fuel bearish sentiment following comments that the U.S. economy slowed in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery.The Russell 2000 settled at 2,249 (-1.1%) with the...
Continue reading >>Shares of AMD are now at $113, and still show no signs of slowing. In its most recent quarter, the company posted Q2 revenues of $3.85 billion, which came in above expectations for $3.62 billion. Cash on hand is up to $3.79 billion. “Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled...
Continue reading >>The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp...
Continue reading >>The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp...
Continue reading >>Shares of AMD are now at $113, and still show no signs of slowing. In its most recent quarter, the company posted Q2 revenues of $3.85 billion, which came in above expectations for $3.62 billion. Cash on hand is up to $3.79 billion. “Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled...
Continue reading >>The stock market was mostly lower on Tuesday following disappointing economic news, but still posted nice gains for August. Specifically, consumer confidence sank -11.3 points to 113.8 in August, another big miss, following the -3.8 point drop to 125.1 in July. The small-caps showed strength despite the overall pullback with volatility edging slightly higher after trading in a tight range. The...
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