One leading S&P 500 sector just posted its best win streak in more than a year

August 1, 2021 By: adminbackup

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Bears Win the Week but Bulls Take the Month

By: adminbackup

The stock market was mostly higher on Friday following the June jobs report with another round of record highs for Tech and the broader market. Specifically, non-farm payrolls rose by 850,000, the sixth-straight monthly gain, versus forecasts for a print of 720,000. The unemployment rate, however, unexpectedly ticked up to 5.9% versus expectations for a dip to 5.6%. The small-caps failed to show...

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Amazon posts third $100 billion quarter in a row, but still misses expectations

July 30, 2021 By: adminbackup

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Dow / S&P 500 Push New All-Time Peaks

July 29, 2021 By: adminbackup

The stock market rose on Thursday despite weaker-than-expected economic news and a mixed batch of earnings results. Specifically, gross domestic product grew at a 6.5% annual rate for the second quarter versus expectations for 8.5% growth.Additionally, jobless claims fell 24,000 to 400,000 versus forecasts for a print of 380,000. Despite the misses, the broader market and blue-chips broke out to...

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Volkswagen posts record first-half earnings and raises profit margin target

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Market Mixed as Fed Stands Pat

July 28, 2021 By: adminbackup

The stock market was mostly higher on Friday following the June jobs report with another round of record highs for Tech and the broader market. Specifically, non-farm payrolls rose by 850,000, the sixth-straight monthly gain, versus forecasts for a print of 720,000. The unemployment rate, however, unexpectedly ticked up to 5.9% versus expectations for a dip to 5.6%. The small-caps failed to show...

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