The stock market closed mixed on Wednesday despite exceptional earnings from the Financial sector. Technology stocks weighed down the broader market while the small-caps showed the most strength.Fed speak was also back in focus although Chairman Powell provided little in the way of news for bond-market traders. The 10-year Treasury yield held its slight early gains after going out at 1.64% while...
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Continue reading >>The stock market slipped on Monday as Wall Street awaits the start of the first-quarter earnings season that begins midweek. The losses were kept in check following comments from Fed Chairman Powell who reiterated that the central bank will continue to support the recovery until the job is done.Powell also stressed that a rate increase this year would be highly unlikely and added that it will be...
Continue reading >>Keep an eye on Electronic Arts (EA). The stock has become exceptionally oversold after pulling back from $150 to $127.50. From here, we’d like to see it challenge its prior highs, especially with the video game market expected to grow even more this year. Video game spending in the U.S. totaled $56.9 billion for 2020. That was 27% higher year over year, according to NPD. In...
Continue reading >>The stock market slipped on Monday as Wall Street awaits the start of the first-quarter earnings season that begins midweek. The losses were kept in check following comments from Fed Chairman Powell who reiterated that the central bank will continue to support the recovery until the job is done.Powell also stressed that a rate increase this year would be highly unlikely and added that it will be...
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