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US Stocks Rally on Payrolls Report, Nasdaq Books Record
Wall Street rallied on Friday with the Nasdaq hitting a fresh high after an unexpected surge in employment raised hopes of a faster than expected economic recovery. The US economy added 2.5 million jobs in May to post the biggest monthly gain on record, and beating market consensus of a 8 million decline. The unemployment rate went down to 13.3% from the previous month's all-time high. The Dow Jones surged 829 points or 3.2% to 27,111. The S&P 500 jumped 82 points or 2.6% to 3194. The Nasdaq Composite climbed back to an all-time high, rising 198 points or 2.1% to 9814 and touching an intraday record. During the week, the Dow gained 6.8%, the S&P 500 climbed 4.9%, and the Nasdaq was up 3.4%.
Published on 2020-06-05

Dow Jones traded above 27100
Dow Jones Industrial Average increased above 27100 points to 27103
Published on 2020-06-05

NASDAQ 100 Hits All-time High
NASDAQ 100 increased to an all-time high of 9742
Published on 2020-06-05

Dow Jones Surges 1000 Points after Payrolls Report
Wall Street rallied on Friday after better than expected payroll report suggested the US economy may recover from the coronavirus pandemic much faster than anticipated. The report showed 2.5 million jobs were added in May, beating market forecasts of an 8 million cut and the unemployment rate fell to 13.3% below expectations of a new record high of 19.8%. Airlines and bank shares were among the top gainers. The Dow jumped more than 1000 points, the S&P 500 gained near 100 points, the Nasdaq Composite was up more than 200 points and the Nasdaq 100 hit another record high of 9742. So far this week, the Dow Jones gained 7.5%, the S&P 500 near 5.3% and the Nasdaq 3.6%.
Published on 2020-06-05

US Futures Jump after Payrolls Report
Stock futures in the US surged on Friday with Dow Jones rising more than 2% after better than expected payroll report suggested the US economy may recover from the coronavirus pandemic much faster than anticipated. The report showed US economy unexpectedly added 2.5 million jobs in May, beating market forecasts of an 8 million cut and the unemployment rate fell to 13.3% below expectations of a new record high of 19.8%.
Published on 2020-06-05

US Futures Point to Gains at the Open
Stock futures in the US traded higher on Friday amid optimism about the global economic recovery. Investors await the payroll report to be released later in the day, with forecasts pointing to an 8 million drop in nonfarm payrolls, compared to a record 20.5 million fall in April. Meanwhile, Bloomberg reported that Trump administration officials increasingly expect to spend up to $1 trillion in the next round of economic stimulus, although action on a measure is unlikely until at least next month. The protests over police brutality and the death of George Floyd entered the 10th night on Thursday while the San Francisco Mayor said she will make an effort to redirect money from that city’s police department toward the African-American community. A similar move was announced on Wednesday by the LA Mayor. On Thursday, the S&P shed 11 points or 0.3% to 3112. The Nasdaq declined 67 points or 0.7% to 9616. In contrast, the Dow gained 12 points or 0.1% to 26,282.
Published on 2020-06-05

Stock Futures Rise Ahead of Nonfarm Payrolls Report
Major US stock index futures edged higher and pointed to modest gains at the open on Friday ahead of US nonfarm payrolls data for May expected to be released later in the day stateside. Wall Street is on track for another weekly gain amid revived global risk appetite as investors shrugged off geopolitical risks and widespread protests across the country and pinned their hopes on a fast rebound for economies jolted by the coronavirus pandemic. On Thursday, the S&P shed 11 points or 0.3% to 3112. The Nasdaq declined 67 points or 0.7% to 9616. In contrast, the Dow gained 12 points or 0.1% to 26,282.
Published on 2020-06-05

S&P 500 Snaps 4-Day Rally
Wall Street closed mostly in the red with the S&P snapping a 4-day winning streak but the Dow eking a small gain, as sentiment moderated after the S&P´s best 50-day rally in history. On Thursday, data showed jobless claims climbed by 1.877 million, topping estimates of 1.775 million. Also, continuing claims surged, reaching nearly 21.5 million. Markets also responded negatively to a Goldman Sachs report warning of increasing odds of a “blue wave” in the November election. Abroad, the ECB announced it will increase its Pandemic Emergency Purchase Program by 600 million euros, bringing the total to more than 1 trillion euros. The S&P shed 11 points or 0.3% to 3112. The Nasdaq declined 67 points or 0.7% to 9616. In contrast, the Dow gained 12 points or 0.1% to 26,282. Despite today’s losses, the S&P 500 is up 42% since March 23, while the Dow has gained 43% and the Nasdaq 46%.
Published on 2020-06-04

S&P 500 to Halt 4-Day Winning Streak
US stocks were lower in the final minutes of trading on Thursday, with the S&P 500 looking to snap a four-day winning streak as disappointing economic data reversed the optimistic tone of recent trading sessions. Initial jobless claims came in at 1.877 million in the latest week, above forecasts of 1.8 million and continuing claims rose to 21.48 million, higher than expectations and after falling for the first time since the pandemic the week before. On top of that, investors digest the news of further stimulus in the eurozone to counter the economic blow from the coronavirus outbreak.
Published on 2020-06-04

US Stocks Rally Fades
Wall Street swung between gains and losses on Thursday as investors digest latest claims figures and prospects of a global economic recovery. The Nasdaq 100 briefly set a new intraday high of 9754 after EBay raised its sales and profit forecast for the current quarter. Initial jobless claims came in at 1.877 million in the latest week, above forecasts of 1.8 million and continuing claims rose to 21.48 million, higher than expectations and after falling for the first time since the pandemic the week before. On a positive note, new charges against former police officers that killed George Floyd were added, calming down the protests a bit and the LA Mayor announced he will redirect $250 million from departments including the police, to health and education in the black community and other communities of colors.
Published on 2020-06-04

US Stocks Fall after Claims Report
Wall Street traded lower on Thursday, ending a 3-day winning streak as investors’ enthusiasm over a rapid recovery from the coronavirus pandemic faded after dissapointing claims report. Initial jobless claims came at 1.877 million in the latest week, above forecasts of 1.8 million and continuing claims rose to 21.48 million, higher than expectations and after falling for the first time since the pandemic the week before. On the positive note, new charges against former police officers that killed George Floyd were added, calming down the protests a bit and the LA Mayor announced he will redirect $250 million from departments including the police, to health and education in the black community and other communities of colors.
Published on 2020-06-04

Wall Street Rally Fades
Stock futures in the US traded lower on Thursday pointing to the first loss this week as investor's optimism for a fast economic recovery from the coronavirus pandemic faded. On the positive note, new charges against former police officers that killed George Floyd were added calming down the protests a bit and the LA Mayor announced he will redirect $250 million from departments including the police, to health and education in the black community and other communities of colors. On Wednesday, the Dow Jones added 527 points or 2.1% to 26,270. The S&P 500 gained 42 points or 1.4% to 3123. The Nasdaq climbed 75 points or 0.8% to 9683.
Published on 2020-06-04

US Stocks Extend Gains
Wall Street surged on Wednesday and extended a three-day rally, as better than expected economic data buoyed optimism about the recovery. The S&P 500 booked its longest winning streak since February and posted its largest 50-day rally in history, as stocks were once again nudged by sectors benefiting from a gradual reopening of economies, as nations and US states continue to relax social isolation measures. The Nasdaq 100 index closed 0.3% below its record closing peak in February while the Dow Jones ended at its highest level since March 4. On the macro side, ADP reported a 2.76 million decline in employment, much less than estimates of 8.75 million. Also, data from the ISM showed US services contracted less than expected, rebounding from an 11-year low. The Dow Jones added 527 points or 2.1% to 26,270. The S&P 500 gained 42 points or 1.4% to 3123. The Nasdaq climbed 75 points or 0.8% to 9683.
Published on 2020-06-03

NASDAQ 100 Hits All-time High
NASDAQ 100 increased to an all-time high of 9737
Published on 2020-06-03

Dow Jumps Over 500 Points
Wall Street ended Wednesday's session deeply in the green, with the Dow Jones climbing more than 500 points and the S&P 500 logging a four-day win streak as lockdowns loosen around the world, boosting hopes for an economic recovery. Supporting sentiment further were positive economic data, with US private payrolls dropping less than expected in May, suggesting layoffs were decreasing as businesses reopen.
Published on 2020-06-03

US Stocks Rally for 3rd Day
Wall Street rallied for the third straight session on Wednesday as investors remain optimistic about the global economy and the US reopening. Chicago will enter the next phase of its reopening plan on Wednesday. Also, ADP data showed US companies shed 2.76 million jobs in May, much less than market forecasts of a 9 million drop. Meanwhile, protests over police brutality and the death of George Floyd continued in several American cities and many including NY and LA imposed curfews.
Published on 2020-06-03

Dow Jones traded below 26000
Dow Jones Industrial Average decresed below 26000 points to 25998
Published on 2020-06-03

US Futures Point to Gains at the Open
Stock futures in the US traded higher on Wednesday, attempting to extend gains from the previous session as investors remain optimistic about the global economy and the US reopening. Chicago will enter the next phase of its reopening plan on Wednesday. Meanwhile, protests over police brutality and the death of George Floyd continued in several American cities and many including NY and LA imposed curfews. On Tuesday, the Dow Jones added 268 points or 1.1% to 25,743. The S&P 500 climbed 25 points or 0.8% to 2081, the strongest since March 4th. The Nasdaq gained 56 points or 0.6% to 9608.
Published on 2020-06-03

US Stock Futures Rise
Major US stock index futures edged higher during the Asian session as Wall Street reflected investors optimism over a successful reopening of the global economy from coronavirus-induced shutdowns. Traders will continue to follow developments about the civil unrest around the country as states try to reopen the economy from the coronavirus pandemic. On Tuesday, the Dow Jones added 268 points or 1.1% to 25,743. The S&P 500 climbed 25 points or 0.8% to 2081. The Nasdaq gained 56 points or 0.6% to 9608.
Published on 2020-06-03

US Stocks Jump on Reopening Bets
Wall Street closed deeply in the green on Tuesday despite ongoing civil unrest, as investors focused on the economy reopening and the S&P hit a 12-week high. On Monday night, President Trump warned he will deploy the military if states and cities failed to quell nationwide demonstrations. Meanwhile, New York City imposed a curfew until June 7 to curb protests, while other cities instituted similar measures. Meanwhile, coronavirus cases gradually slow down, yet daily cases remain above 15 thousand and deaths averaging nearly one thousand. The Dow Jones added 268 points or 1.1% to 25,743. The S&P 500 climbed 25 points or 0.8% to 2081. The Nasdaq gained 56 points or 0.6% to 9608. .
Published on 2020-06-02