After multiple days of outsized price moves, the stock market was indecisive on Thursday. For hours at a time, stocks went nowhere or darted to and fro, causing confusion and frustration. Source: Shutterstock That’s going to happen sometimes and traders need to be ready for noncommittal price action in the markets. Head-fakes and sucker’s rallies
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What started off as a bang quickly died out. Equities came into the stock market today on a high note on hopes that Gilead Sciences (NASDAQ:GILD) would crack the code on a novel coronavirus treatment. On Thursday after the close, a report talked up the promising impact Gilead’s remdesivir is having on Covid-19 patients. We
After a strong start to the day, most stocks faded on Friday. With that in mind, let’s look at a few stock trades for Monday. Top Stock Trades for Monday No. 1: Boeing (BA) Boeing (NYSE:BA) caught a spark on Friday, jumping more than 12%. This move seems small, even on the daily chart, given
Editor’s Note: Dow Jones Today will not be publishing on April 17. It will return Monday, April 20. If you needed any more proof that the COVID-19 market environment can and will throw investors a curveball, Thursday wasn’t an awful day for equities despite another batch of weekly jobless claims numbers that were, well, awful.
It was a back and forth session on Thursday, with little progress made in either direction. With that in mind, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Morgan Stanley (MS) Like most of the bank stocks, Morgan Stanley (NYSE:MS) is struggling to rally after
One of the big themes emerging due to the novel coronavirus outbreak is the effect of the virus on economic data and how equity markets are reacting to that news. As Wednesday’s market action suggests, poor economic data is likely to be met with ugly stock market response. The S&P 500 dipped 2.20% The Dow
Stocks slipped in the opening minutes of Wednesday trading, but clawed back some of those losses by the close. With that in mind, let’s look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Goldman Sachs (GS) Goldman Sachs (NYSE:GS) is one of the few bank stocks rallying after
It was a robust session for the bulls, with another notable gain in the stock market today. The S&P 500 rose 3%, even as the banks failed to paint an optimistic outlook on the economy. Speaking of economic outlooks, the International Monetary Fund wasn’t very optimistic either. The world will “very likely” experience the worst
The stock market galloped higher on Tuesday, as earnings season gets underway. With that in mind, here’s a look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Bank of America (BAC) We’re seeing a disappointing pattern play out in the banks, as they fail to garner upside momentum. Bank of
Stocks slipped slightly lower in Monday’s session, after coming off a strong holiday-shortened trading week. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tuesday No. 1: Netflix (NFLX) Netflix (NASDAQ:NFLX) remains a force to be reckoned with. The stock continues to plow higher as investors
It was a bumpy session in the stock market today. Bulls have taken the S&P 500 up considerably from the March lows, with the index rallying almost 30%. That said, we’re approaching earnings season. Given the incredibly high number of uncertainties currently present, it puts the stock market in a potentially vulnerable position. Johnson &
Equities have been all over the place this week, and that action continued in the stock market today. On Monday, we had one of the best days bulls have ever seen. On Tuesday, big morning gains completely evaporated by the afternoon, giving investors the largest intraday reversal since 2008. For the stock market today, the
Following a disappointing end to Tuesday’s session, stocks rallied anew on Wednesday amid talk the White House is in talks about reopening the shuttered U.S. economy as the number of coronavirus cases plateaus. Source: Provided by Finviz The S&P 500 jumped 3.38% The Dow Jones Industrial Average rose 3.41% The Nasdaq Composite soared 2.58% Raytheon Technologies
It was a concerning day in the stock market today. While the S&P 500 rallied another 1.5%, bringing this week’s gains to almost 11%, it struggled to hold those gains into the close. That’s as another enormous jobless claims report hit the tap before the open. Oil prices took a spill as investors continue to
Stocks gained again on Thursday after Dr. Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, dramatically pared his COVID-19 fatalities forecast, saying the respiratory illness could claim 60,000 American lives, down from prior estimates of 100,000 to 200,000. Source: Provided by Finviz The S&P 500 added 1.44% The Dow Jones
After a holiday-shortened, rowdy week, let’s look at a few top stock trades involving some of the most well-followed names on Wall Street. Top Stock Trades for Monday No. 1: S&P 500 ETF (SPY) The Fed announced an additional $2.3 trillion worth of stimulus and the S&P 500 can barely gain upward traction? That’s a
This might have been a short week in the markets, but it certainly wasn’t lacking excitement. On Wednesday the investing community apparently started to feel that the curve may be flattening on the spread of the novel coronavirus. Today’s big stock charts show some of that optimism. Source: Shutterstock The proof of this upbeat sentiment
After an ugly reversal on Tuesday, equities posted a solid bounce on Wednesday. With that in mind, let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: Pinterest (PINS) Pinterest (NYSE:PINS) stock surged higher on Wednesday, up more than 10% at one point, after the company reported
The headlines make the world go around, at least when it comes to stock trading. The news wasn’t so great in March but it might be getting better in April, and stock prices seem to be reflecting this. Today’s big stock charts showcase names that got some of that good news. Source: Shutterstock Encouraging news
Stocks tried to extend gains from Monday today, with the S&P 500 at one point coming close to meeting the technical definition on hopes that coronavirus case numbers are flattening out in New York, one of the epicenters of the respiratory illness in the U.S. However, late session selling led to modest losses. Source: Provided