stock market news

06 Nov: Breaking stock market news on November 6, 2020

Stock market news

Breaking stock market news. “October jobs report: Economy added 638,000 jobs as unemployment rate fell to 6.9%.

The Labor Department’s October jobs report offered fresh signs of a slowing economic recovery in the U.S., with the number of jobs added back and the pace of improvement in the unemployment rate each decelerating considerably from earlier this year. Still, the increase in non-farm payrolls and change in the unemployment rate were each better than economists feared for the month.

The Department of Labor released its monthly non-farm payrolls report Friday at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg:

Non-farm payrolls: 638,000 vs. +580,000 expected and a revised +672,000 in September

Unemployment rate: 6.9% vs. 7.6% expected and 7.9% in September

Average hourly earnings, month-over-month: 0.1% vs. 0.2% expected and 0.1% in September

Average hourly earning, year-over-year: 4.5% vs. 4.5% expected and a revised 4.6% in September

Friday’s jobs report also saw revisions to the last couple months’ worth of payrolls. August employment was upwardly revised to see a gain of 4,000 jobs to 1.493 million, and the change for September was revised up by 11,000 to 672,000.”

Stock market data: Yahoo Finance

12 Oct: Top stock market events this week, third-quarter earnings season starts, and fiscal stimulus talks

stock market news

Top stock market events this week include the third-quarter earnings season and stimulus talks.

“Third-quarter earnings season kicks off this week in earnest with a plethora of major banks reporting results.

While analysts have recently upgraded their expectations for earnings results across S&P 500 companies, most companies are still likely to report declines in profits over last year, with the effects of the coronavirus pandemic still lingering.

Q3 earnings season expectations
Second-quarter corporate earnings overwhelmingly topped a low bar of expectations, with Wall Street having braced for businesses to see activity hit a nadir during the worst of virus-related stay-in-place orders in late spring and early summer.

A record 84% of S&P 500 companies reported positive surprises for earnings per share (EPS) in the second quarter, even as EPS declined, in aggregate, by more than 30%, according to data from FactSet.

Those better-than-feared second-quarter results have also led analysts to deliver rare upward revisions to their estimates for third-quarter results – in turn leaving a potential for companies to disappoint against heightened expectations.

“The Q3 bottom-up EPS estimate (which is an aggregation of the median EPS estimates for Q3 for all the companies in the index and can be used as a proxy for the earnings for the index) increased by 4.1% (to $33.10 from $31.78) from June 30 to September 30,” FactSet’s John Butters said in a note on Friday. Six sectors recorded increases in estimates, including the consumer discretionary, energy, financials and materials sectors.

During the past five years, bottom-up EPS estimates had been revised down by an average 5.0%, Butters added. This marked the first time analysts raised their EPS estimates for S&P 500 companies during a quarter since the second quarter of 2018. Prior to 2018, S&P 500 EPS estimates hadn’t been raised since 2010.

But even with their upward revisions, analysts still expect that S&P 500 EPS will drop in aggregate by 20.5% over last year for the third quarter, according to FactSet data. If realized, this would mark the second largest year-over-year drop in earnings for the index since the second quarter of 2009.”

stock earnings

Stocks that can move due to earnings releases include the following. The list includes bank stocks, airline stocks, and more.

Earnings calendar
Monday: N/A

Tuesday: JPMorgan Chase (JPM), BlackRock (BLK), Johnson & Johnson (JNJ), Fastenal (FAST), Delta Airlines (DAL), Citigroup (C) before market open

Wednesday: Bank of America (BAC), PNC Financial Services Group (PNC), The Progressive Corp. (PGR), UnitedHealth Group (UNH), US Bancorp (USB), Goldman Sachs (GS), Wells Fargo (WFC) before market open; Alcoa (AA), United Airlines (UAL) after market close

Thursday: Charles Schwab (SCHW), Truist Financial Corp (TFC), Walgreens Boots Alliance (WBA), Morgan Stanley (MS) before market open

Friday: Bank of New York Mellon (BK), VF Corp (VFC), E-Trade Financial Corp (ETFC), Schlumberger (SLB), Kansas City Southern (KSU), Honeywell (HON), Citizens Financial Group (CFG), Ally Financial (ALLY), State Street Corp (STT)

Stock market data: Yahoo Finance

23 Sep: Stock market news for September 22, 2020

Stock market news

“Stocks rose on Tuesday as the major averages attempted to bounce back from recent weakness. The S&P 500 and Nasdaq Composite were coming off four straight days of losses for the first time since February, while the Dow had posted three consecutive negative days.

The Dow gained 140 points, or 0.51%, breaking a three-day losing streak
Microsoft had the most positive impact on the Dow, adding 32 points to the index
The S&P 500 gained 1.05%, breaking a four-day losing streak
The S&P 500 closed 7.6% off its record high
Amazon had the most positive impact on the SPY, adding 0.90 points to the ETF
Eight of 11 S&P sectors were positive in Tuesday’s session, led by consumer discretionary up 2.96%. Energy was the laggard, down 1.03%
The Nasdaq Composite gained 1.71%, breaking a four-day losing streak
The Nasdaq Composite closed 9.2% below its record high
Amazon had the most positive impact on the Nasdaq 100, adding 69 points to the index.”

Stock market data: CNBC

22 Sep: Stock market news for September 21, 2020

Stock market news

“Stocks closed broadly lower on Wall Street Monday as markets tumbled worldwide on worries about the pandemic’s economic pain.

The S&P 500 ended with its fourth-straight loss, though a last-hour rally helped trim its decline by more than half. Industrial, health care and financial stocks accounted for much of the selling. Technology stocks recovered from an early slide to notch a gain.

The selling followed a slide in European stocks on the possibility of tougher restrictions to stem rising coronavirus counts.

The losses were widespread, with almost all the stocks in the S&P 500 lower. The S&P 500 fell 38.41 points, or 1.2%, to 3,281.06.

The Dow Jones Industrial Average dropped 509.72 points, or 1.8%, to 27,147.70, and the Nasdaq composite lost 14.48 points, or 0.1%, to 10,778.80. In another sign of the increased worry, the yield on the 10-year Treasury fell to 0.65% from 0.69% late Friday.”

Stock market data: USAtoday

02 Sep: Stock market news for September 1, 2020

Stock market news

“Dow Jones Industrial Average rises 215 points
The Dow gained 215.61 points, or 0.8%, to close at 28,645.66. The S&P 500 climbed 0.8% to 3,526.65. The Nasdaq Composite advanced 1.4% to 11,939.67. Stocks kicked off a historically tough month on the right foot, building on the strong gains from August. The S&P 500 and the Nasdaq Composite both hit records again.

Manufacturing data tops estimates
The Institute for Supply Management said its manufacturing PMI came in at 56 for August, a 19-month high, as new orders hit their highest level since 2004. “As the economic recovery continues, I think you will see a broadening of the stocks participating in this rally,” said one strategist.

Apple and Walmart jump, Tesla falls
Apple closed 4% higher after a slew of analysts hiked their price target on the stock. Walmart jumped 6% after the retailer announced it will launch a membership program later in September. Tesla slid 4% after the company said it will sell up to $5 billion in stock.”

Stock market data: CNBC

Stock market volatility

The CBOE Volatility Index (VIX) closed at 26.12-0.29 (-1.10%).

Stock movers

Zoom Video Communications, Inc. (ZM) gained more than 40% with a stock price at the close of 457.69+132.59 (+40.78%).

Stock gainers

Jounce Therapeutics Inc. (JNCE): 7.53,+ 2.69 +55.58%
Gogo Inc. (GOGO): 7.37, +2.23 +43.39%
Zoom Video Communications Inc. (ZM): 457.69,+ 132.59 +40.78%

Stock losers

Apex Global Brands Inc. (APEX): 0.59, -0.24 -28.74%
Applied UV Inc. (AUVI): 8.60, -3.00 -25.86%
Neuronetics Inc. (STIM): 4.73 -1.14 -19.42

Most active stocks

Apple Inc. (AAPL): 134.18,+ 5.14 +3.98%
NIO Inc. ADR (NIO): 20.12, +1.09 +5.73%
Eastman Kodak Co. (KODK): 7.30,+ 1.32 +22.07%

Stock market source: WSJ

Stock Market, U.S. Sectors & Industries Performance

Materials was the best performing sector +2.75%, Utilities was the worst performing sector -1.13%.

Stock Market, U.S. Sectors & Industries Performance for September 1, 2020
Stock Market, U.S. Sectors & Industries Performance for September 1, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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01 Sep: Stock market news for August 31, 2020

Stock market news

“Stocks were mixed on Monday as the S&P 500 and Dow Jones Industrial Average wrapped up their best August performances since the 1980s.

The Dow slid 223.82 points, or 0.8%, to 28,430.05 and the S&P 500 dipped 0.2% to close at 3,500.31. The Nasdaq Composite outperformed with a 0.7% gain and ended the day at 11,775.46.

Declines in bank stocks pressured both the Dow and S&P 500. JPMorgan Chase, Citigroup, Bank of America and Wells Fargo were all down more than 2%, following Treasury yields lower. Yields fell after Federal Reserve Vice Chairman Richard Clarida said rates won’t go up just because unemployment goes down.

Meanwhile, the Nasdaq got a lift after two big stock splits took effect Monday. Apple shares gained 3.4% as a 4-for-1 split took effect. Tesla shares added 12.6% following its 5-for-1 split.

The Dow rallied 7.6% this month for its biggest August gain since 1984. The S&P 500 rose 7% month to date for its best August performance since 1986.”

Stock market data: CNBC

Stock market at the close on August 31, 2020

S&P 500: 3,500.31,-7.70(-0.22%)
Dow 30: 28,430.05,-223.82(-0.78%)
Nasdaq: 11,775.46,+79.82(+0.68%)
Russell 2000: 1,561.88,-16.47(-1.04%)

29 Aug: Stock market news for August 28, 2020

Stock market news

Nasdaq, S&P closed at new records. Dow Jones turned positive for 2020. Small-cap stocks outperformed.

The closing numbers for the US stock market on August 28, 2020:

S&P 500: 3,508.01,+23.46(+0.67%)
Dow 30: 28,653.87,+161.60(+0.57%)
Nasdaq: 11,695.63,+70.30(+0.60%)
Russell 2000: 1,578.34,+13.78(+0.88%)

Stock market data: Yahoo Finance

Stock market
Stock market

Stock market volatility

The CBOE Volatility Index (VIX) closed lower at 22.96-1.51 (-6.17%).

Stock movers

Dave & Buster’s Entertainment, Inc. (PLAY) was a stock mover closing at 17.54+2.47 (+16.39%).

Stock gainers

VivoPower International PLC (VVPR): 8.25,+ 3.37 +69.06%
Edesa Biotech Inc. (EDSA): 8.15,+ 2.34 +40.28%
FTS International Inc. (FTSI): 4.54,+ 1.24 +37.58%

Stock losers

PEDEVCO Corp. (PED): 1.52, -0.59 -27.96%
Sun Biopharma Inc. (SNBP): 3.19, -0.94 -22.67%
Plantronics Inc. (PLT): 12.74, -1.95 -13.27%

Most active stocks

NIO Inc. ADR (NIO): 18.50, -1.38 -6.94%
Itau Unibanco Holding S/A ADR (ITUB): 4.48,+ 0.18 +4.19%
Nutanix Inc. Cl A (NTNX): 28.03,+ 6.33 +29.17%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Stock Market, U.S. Sectors & Industries Performance for August 28, 2020
Stock Market, U.S. Sectors & Industries Performance for August 28, 2020

Energy was the best performing sector +1.85%, Helath Care was the worst performing sector +0.20%.

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock tradingSubscribe to our stock market newsletter, with stocks to buy, stocks to sell, investing. Daily stock market news.

28 Aug: Stock market news for August 27, 2020

Stock market news

“Dow Jones Industrial Average rises 160 points

The Dow gained 160.35 points, or 0.6%, to close at 28,492.27. The Dow also briefly erased its losses for 2020 at one point. The S&P 500 advanced 0.2% to 3,484.55. The Nasdaq Composite fell 0.3% to 11,625.34. Stocks gyrated throughout Thursday’s session after the Federal Reserve unveiled a new framework that could keep interest rates lower for a longer period of time

‘Average inflation targeting’

Fed Chairman Jerome Powell said the central bank formally agreed to a policy of “average inflation targeting.” In other words, the central bank will let inflation run “moderately” above its 2% goal for “some time.” Powell also hinted that unemployment data can stay lower for longer before the Fed starts thinking about raising rates. This led to a decline in short-term yields and gains along the long end of the yield curve.

Banks jump, tech lags

JPMorgan Chase advanced 3% and Citigroup rose 1.7%. Wells Fargo and Bank of America were up 2.3% and1.9%, respectively. Facebook, meanwhile, dropped 3.5% and Amazon slid 1.2%. Netflix dropped 3.9% and Alphabet pulled back by 1%.”

Stock market data: CNBC

27 Aug: Stock market today August 27, 2020

Stock market today

A mixed close for the US stock market today. Dow Jones today reversed 2020 losses, closed higher 160 points. Tech stocks underperformed, Nasdaq fell about 40 points.

Stock market today at the close

S&P 500: 3,484.55,+5.82(+0.17%)
Dow 30: 28,492.27,+160.35(+0.57%)
Nasdaq: 11,625.34,-39.72(-0.34%)
Russell 2000: 1,564.57,+4.37(+0.28%)

Commodities

At 4:20 PM, ET time today both the crude oil price and gold price were lower.

Crude Oil: 42.98,-0.41(-0.94%)
Gold: 1,937.20,-15.30(-0.78%)

Bonds

The 10-yr bond yield closed higher at 0.7460+0.0590 (+8.59%).

Stock movers today

XPeng Inc. (XPEV) stock on its trading debut today closed at 21.22+6.22 (+41.47%).

Stock market data: Yahoo Finance

27 Aug: Stock market news for August 26, 2020

Stock market news

Latest stock market news, investing news for August 26, 2020.

“The S&P 500 and Nasdaq Composite rose to fresh record highs on Wednesday, building on their massive rallies off the March lows, as tech shares led the way higher.

The broader market index advanced 1% to 3,478.73 while the Nasdaq popped 1.7% to end the day at 11,665.06. The Dow Jones Industrial Average gained 83.48 points, or 0.3% to end at 28,331.92.

“When you’re coming off a major low, the first phase of the bull market is really strong, and you tend to get very extended,” said Keith Lerner, chief market strategist at Truist/SunTrust Advisory. Lerner noted, however, that this “tends to be a period where historically you would start to consolidate some of the gains.”

Shares of Salesforce surged 26% — their biggest one-day gain ever — after the software company posted blowout earnings after the bell on Tuesday. Salesforce will be added to the Dow at the end of August, S&P Dow Jones Indices said Monday. The changes are driven by Apple’s coming stock split, which will reduce the technology weighting in the price-weighted average.

Facebook and Netflix jumped 8.2% and 11.6%, respectively. Amazon advanced nearly 3% while Alphabet and Microsoft gained 2.4% and 2.2%, respectively. Apple rose 1.4%.”

Stock market data: CNBC

Stock market close on August 26, 2020

S&P 500: 3,478.73,+35.11(+1.02%)
Dow 30: 28,331.92,+83.48(+0.30%)
Nasdaq: 11,665.06,+198.59(+1.73%)
Russell 2000: 1,561.86,-9.34(-0.59%)

Stock market data: Yahoo Finance