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Charles Schwab and Co., Inc.
- Jul 17, 2020
- 9 min
Markets Finish Week Mixed, Miss Posting a Three-peat
U.S. equities finished out a bumpy week mixed, dashing hopes of a three-peat for all the major indexes to post weekly gains, as a recent pullback in tech shares pushed the Nasdaq into negative territory for the week. The persistent rise in new COVID-19 cases appeared to be the main culprit in the lack of conviction, despite a recent string of upbeat global economic data and further progress out of the Health Care sector on finding an answer to the pandemic. In economic news,
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Charles Schwab and Co., Inc.
- Jul 11, 2020
- 9 min
Stocks Put Positive Finishing Touches to Choppy Week
U.S. stocks finished higher with the technology sector extending a recent surge that returned the Nasdaq back to record highs, while equities that have been punished by uneasiness regarding the persistent rise in new COVID-19 cases in the U.S. rebounded. Gilead Sciences contributed to the rebound of economic "reopening" stocks after it announced more positive results from a study of its COVID-19 treatment candidate known as Remdesivir. WD-40 missed quarterly expectations, For
70
Charles Schwab and Co., Inc.
- Jul 6, 2020
- 7 min
Rally Continuing as Stocks Return from Holiday Weekend
U.S. stocks are extending last week's solid advance coming off a long holiday weekend, with the global markets appearing to be buoyed by recent economic data suggesting a recovery in activity, and supported by the foundation of the massive monetary and fiscal policy relief measures. Equity markets in China and Hong Kong surged to lay the groundwork, while M&A is in focus, with Uber Technologies agreeing to acquire Postmates for nearly $2.7 billion and Berkshire Hathaway purch
40
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