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US Stock Market Weekly Review Feb. 15 – 19, 2021

US stock market

Last week one of the comments about the US stock market was “Consolidation is likely, and a correction too. With most of the companies have reported earnings and revenue that beat estimates, the question now is what can drive the stock market higher? Profit-taking and concerns about valuation can send stock indices and stocks lower, but what about higher?”.

For the week ending on Friday, February 19, 2021, the major indexes ended mostly lower, although there was a holiday-shortened trading week. The Dow Jones was almost flat, and Nasdaq Composite (COMP) had the biggest losses. Still at record highs for major stock indices, the selling pressure this week was not excessive.

The key highlight for the week was the surge of the 10-yr bond yield to 1.3450%, which is the highest level in almost a year. This yield trend should be monitored for various reasons. The first point is if the yield continues to increase then there could be a shift to money invested from stocks to bonds which are considered safer financial assets and less risky compared to stocks.

Second, a higher bond yield increases the discount rate for the valuation of stocks. And a rise from under 1% for the 10-yr bond yield back in January 2021 to 1.3450% in February 2021 is not a factor to go unnoticed. On the contrary, it has severe implications for the stock market valuation, and also the inflation expectations.

Also, I must mention the fact that there were Congressional hearings related to the recent GameStop (GME) frenzy and stock price manipulation. I have trust in the SEC that it will continue to monitor such unusual trading activities that to my opinion are clear stock price manipulation schemes, which are illegal. I would also expect fines and charges too to be imposed.

Stock market speculation is both legit and aims to large capital gains, to compensate for the risk taken. Stock market manipulation and pump and dump trading schemes are illegal.

What is very important for the path of the US stock market now is that the Q4 earnings for the majority of companies have beat the estimates for EPS and revenues. This is too important and a key fundamental factor that is supportive of the recent all-time high levels for the stock indices. But this also means that plenty of stocks are now overvalued.

Economic News
The Retail Sales were a big positive surprise with a figure of 5.3%, beating the consensus of 1.1%. The Building Permits were also strong coming in at 1.881 M, better than the forecast of 1.678 M. Still the Housing Starts were a miss, with a figure of 1.58 M, lower than the consensus of 1.658 M.

The labor market continues to struggle. Disappointing labor data the previous week was again a key economic metric to monitor. Continuing Jobless Claims came in at 4.494 M, higher than the consensus of 4.413 M, and Initial Jobless Claims came in at 861 K higher than the consensus of 765 K.

The major US stock market indexes closed as follows on Friday February 19, 2021:

• Dow Jones Industrial Average: Close 31494.32, +0.11% for the week, +2.90% Year-to-date (DIA)

• S&P 500 Index: Close 3906.71, -0.71% for the week, +4.01% Year-to-date (SPX)

• Nasdaq Composite Close 13874.46, -1.57% for the week, +7.65%, Year-to-date

• Russell 2000: Close 2266.69, -0.99% for the week, +14.78% Year-to-date (IWM)

Economic events for the week February 22- February 26, 2021:

Important economic data for the next week will be the weekly Initial and Continuing Jobless Claims, the Chicago Fed National Activity Index, the S&P/Case-Shiller Home Price Indices, New Home Sales, Durable Goods Orders, Gross Domestic Product Annualized(Q4) PREL, Personal Spending, Personal Income, and the Michigan Consumer Sentiment Index.

This article appeared first on TalkMarkets.


Stock market news for January 15, 2021

stock market news

Stock market today. How the US stock market closed on January 15, 2021. Small-cap stocks underperformed.

S&P 500: 3,768.25,-27.29(-0.72%)
Dow 30: 30,814.26,-177.26(-0.57%)
Nasdaq: 12,998.50,-114.14(-0.87%)
Russell 2000: 2,123.20,-32.15(-1.49%)

Most active stocks

F Ford Motor Co: 9.83, -0.34, -3.34%
WFC Wells Fargo & Co: 32.04,-2.71,-7.80%
GE General Electric Co: 11.33,-0.33,-2.83%
BAC Bank of America Corp: 33.01,-0.98,-2.88%
XOM Exxon Mobil Corp: 47.89,-2.42,-4.81%
T AT&T Inc: 29.17,-0.12, -0.41%
C Citigroup Inc: 64.23 , -4.78, -6.93%
PFE Pfizer Inc: 36.70, -0.05, -0.14%
CCL Carnival Corp: 20.79,-0.13,-0.62%
MRO Marathon Oil Corp: 8.25, -0.42,-4.84%

stocks: gainers

NI NiSource Inc: 22.93, +1.07, +4.89%
CNP CenterPoint Energy Inc: 21.46,+0.61,+2.93%
PEG Public Service Enterprise Group Inc: 59.38,+1.60, +2.77%
ATO Atmos Energy Corp: 90.03, +2.39,+2.73%
HD Home Depot Inc: 275.59,+7.25, +2.70%
MAA Mid-America Apartment Communities I…: 132.01, +3.01, +2.33%
PLD Prologis Inc: 97.68, +2.18, +2.28%
AMT American Tower Corp: 219.89, +4.90,+2.28%
DLR Digital Realty Trust Inc: 136.48,+3.03, +2.27%
AVB Avalonbay Communities Inc: 164.00, +3.51, +2.19%

stocks: losers

WFC Wells Fargo & Co: 32.04, -2.71, -7.80%
OXY Occidental Petroleum Corp: 22.39, -1.85, -7.63%
C Citigroup Inc: 64.23 , -4.78, -6.93%
CXO Concho Resources Inc: 65.60, -4.20, -6.02%
COP ConocoPhillips: 45.12, -2.75, -5.74%
NOV Nov Inc: 14.75, -0.82, -5.27%
FCX Freeport-McMoRan Inc: 30.35, -1.64, -5.13%
EOG EOG Resources Inc: 59.19, -3.05, -4.90%
MRO Marathon Oil Corp: 8.25, -0.42, -4.84%
XOM Exxon Mobil Corp: 47.89, -2.42, -4.81%

Stock market & sectors performance

STOCK MARKET & SECTORS PERFORMANCE
STOCK MARKET & SECTORS PERFORMANCE

Stock market sources

Money CNN
Fidelity


Stock market live today July 17, 2020

At 12 PM, ET time today, July 17, 2020, the US stock market is mixed and almost flat, only small-cap stocks outperform.

Stock market live today

S&P 500: 3,221.54,+5.97(+0.19%)
Dow 30: 26,704.31 -30.40(-0.11%)
Nasdaq: 10,487.68,+13.85(+0.13%)
Russell 2000: 1,476.95,+9.38(+0.64%)

Stock market data: Yahoo Finance

Stocks today

At 12:02 PM, ET time today shares of Netflix, Inc. (NFLX) are falling more than 6% at 491.51-35.88 (-6.80%).


Stock market today June 25, 2020

The US stock market today closed higher erasing earlier losses, Dow Jones gained almost 300 points. There was a risk-on mood for stocks during the late hour, as there was news released related to bank stress tests.

Stock market today at the close

S&P 500: 3,083.76,+33.43(+1.10%)
Dow 30: 25,745.60,+299.66(+1.18%)
Nasdaq: 10,017.00, +107.84(+1.09%)
Russell 2000: 1,413.31,+23.57(+1.70%)

Stock market data: Yahoo Finance

Commodities

At 4:28 PM, ET time today crude oil price was lower and gold price was higher.

Crude Oil: 39.03,+1.02(+2.68%)
Gold: 1,772.60,-2.50(-0.14%)

Bonds

At 4:40 PM, ET time today the 10-Yr Bond was lower at 0.6740,-0.0100(-1.46%).

Stocks today

Stocks that moved today, stock movers, stock losers:

Vaxart, Inc. (VXRT) stock gained more than 90%, having a stock price of
6.26+3.07 (+96.24%) at the close. uniQure N.V. (QURE) stock lost almost 22%, closing at 49.22-13.69 (-21.76%). Spotify Technology S.A. (SPOT) stock gained more than 10%, having a stock price of 267.47+24.61 (+10.13%) at the close today.



Stock market today June 19, 2020

Stock market today closed lower as the early gains at the open of today’s trading session gave way to losses. Nasdaq composite closed marginally higher.

US stock market today closing numbers

S&P 500: 3,097.74,-17.60(-0.56%)
Dow 30: 25,871.46,-208.64(-0.80%)
Nasdaq: 9,946.12,+3.07(+0.03%)
Russell 2000: 1,418.55, -8.53(-0.60%)

Commodities

At 4:17 PM, ET time both oil price and gold price were higher.

Crude Oil: 39.50,+0.66(+1.70%)
Gold: 1,755.20,+24.10(+1.39%)

Bonds

At 4:18 PM, ET time the 10-year bond yield was at 0.6970,+0.0030(+0.43%).

Stocks today

Trending stocks today were:

Broadway Financial Corporation (BYFC) stock gaining more than 90%, with a stock price of 3.3100+1.6100 (+94.71%). Apple Inc. (AAPL) stock closing slightly lower at 349.72-2.01 (-0.57%). Shares of Alpha Pro Tech, Ltd. (APT) closed higher at 16.79+0.78 (+4.87%). United Airlines Holdings, Inc. (UAL) stock fell more than 6% today at 36.84-2.50 (-6.35%).

Source: Yahoo Finance, all stock prices, stock quotes at the close today.


Stock market today June 12, 2020

The stock market closed higher today with a choppy trading session, Dow gained more than 470 points

At the close today the US stock market numbers were:

S&P 500: 3,041.31,+39.21(+1.31%)
Dow 30: 25,605.54,+477.37(+1.90%)
Nasdaq: 9,588.81,+96.08(+1.01%)
Russell 2000: 1,387.68,+31.46(+2.32%)

Commodities

At 4:28 PM, ET time today the crude oil was higher but the gold price was marginally lower.

Crude Oil: 36.43,+0.09(+0.25%)
Gold: 1,738.50,-1.30(-0.07%)

Bonds

The 10-Yr Bond yield today rose at 0.6990,+0.0460(+7.04%).

Stocks today

Hertz Global Holdings, Inc. (HTZ) stock today closed at 2.8300+0.7700 (+37.38%). There was news that “Hertz, after filing for bankruptcy, looks to sell $1B in shares.” Source: https://finance.yahoo.com/video/hertz-looks-sell-1b-shares-161007266.html. Trading HTZ stock now is not investing, it is pure speculation.

eMagin Corporation (EMAN) stock closed at 0.9100+0.3082 (+51.21%) and was among the trending stocks today. Another trending stock for today was IZEA Worldwide, Inc. (IZEA) tumbling more than 35%, with a stock price at the close of 1.7200-1.1000 (-39.01%).

Stock market sectors performance

Stock market sectors performance
Stock market sectors performance


Source: https://www.bloomberg.com/markets/sectors

Utilities were a laggard sector today closing -0.22%, Real Estate was the leader sector today closing +3.16%.

Economic and finance news

The US stock market today made a rebound today and the release of the Michigan Consumer Sentiment Preliminary index beating the expectation was a positive factor. The figure came in at 78.9 better than the forecast of 75, higher than the previous figure of 72.3. Consumer sentiment and consumer spending are top important economic indicators about the state of the US economy.

Source: Dailyfx.com





Stock market today June 9, 2020

Stock market today closes lower, Dow Jones today fell 300 points

After the stock market rally yesterday, perhaps some profit-taking today led the major stock indices lower. Tech stocks outperformed today with Nasdaq composite index closing marginally higher, very near to the 10,000 price level. During the stock trading session, today Nasdaq composite index at some point was higher than the 10,000 points making a new 52-week high.

Stock market close today

S&P 500: 3,207.18,-25.21(-0.78%)
Dow 30: 27,272.30,-300.14(-1.09%)
Nasdaq: 9,953.75,+29.01(+0.29%)
Russell 2000: 1,507.92,-28.97(-1.89%)

Stocks today

Some stocks that moved today were:

Vroom, Inc. (VRM) stock surging in its public trading debut today, with a stock price of 47.90+25.90 (+117.73%).

Fangdd Network Group Ltd. (DUO) stock gaining more than 300%, having a stock price of 47.06+37.44 (+389.19%).

Immuron Limited (IMRN) stock surging more than 800%, with a stock quote of
20.00+17.80 (+809.09%).

Immuron Limited (IMRN) stock chart

Immuron Limited (IMRN) stock chart
Immuron Limited (IMRN) stock chart

All stock quotes, stock prices at the close today.

Stock market data: Yahoo Finance

Commodities

At 4:19 PM, ET time today June 9, 2020 both the oil price and gold price were higher.

Crude Oil: 38.79,+0.60(+1.57%)
Gold: 1,720.00,+14.90(+0.87%)

Bonds

The 10-Yr Bond yield at 4:21 PM, ET time today was at 0.8290,-0.0550(-6.22%)


S&P 500 index weekly performance for May 1, 2020

S&P 500 index weekly performance

The S&P 500 index (SPX) weekly performance for May 1, 2020, was -0.21%. The S&P 500 index closed at 2830.71 -81.72 -2.81% on May 1, 2020. The YTD performance is negative, currently at -12.38%.

S&P 500 index chart

S&P 500 index chart
S&P 500 index chart

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


Investing in the stock market quotes

Stock market

One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world.

Ron Chernow

Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.

Ron Chernow

Investing

History proves… that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

Ben Bernanke

When you are an entrepreneur, you have founded your own firm, it is so easy to find that you exist – you are the main shareholder of your company; it is very easy to look at the stock market position of your company to know how rich you are.

Thomas Piketty

Investing in stocks

If I’ve learned anything as an economic analyst, it is that the stock market and economic winds can shift by the hour.

Stephen Moore

When we do an investment, we always ask, ‘Can we affect the outcome? When buying a company, can we have an impact?’ That’s a different style of investing than a passive investor in the stock market. To me, that’s how you’re taking the risk out of it. You know what your capability is and how you can enhance value.

Dan Gilbert

Stock market news

Stock market news, stocksinvesting, stock market today. Daily business and financial news about the US stock market.

Trading and Investing

Check this link if you are interested in trading


Stock market bubbles

Stock market

Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

George Soros

I believe, in the stock market – that’s one of my fields – that most people are irrational. And to be irrational, you can be irrational in so many different ways that, practically, the result is indeterminate.

Paul Samuelson

Stock market news, stocksinvesting, stock market today. Daily business and financial news about the US stock market.

Trading and Investing

Check this link if you are interested in trading