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Charles Schwab and Co., Inc.
- Aug 24, 2020
- 10 min
Stocks Finish Friday Session Higher Amid Upbeat Data
U.S. stocks finished higher following positive news on the domestic economic front, but the gains were muted in the wake of the continued U.S. political and geopolitical uncertainty, and mixed August business activity reports overseas. Existing home sales notched a second-straight record jump and U.S. August manufacturing and services sector activity reports came in stronger than expected. Treasury yields were mixed and the U.S. dollar rebounded from a recent tumble, while go
30
Charles Schwab and Co., Inc.
- Aug 15, 2020
- 10 min
Busy Week Closes Out in a Lukewarm Session
U.S. equities finished mixed, but very near the unchanged mark, in a bumpy session that saw moves above and below the flatline. Another dose of positive economic data was unable to overcome the palpable uneasiness surrounding the persistent uncertainty regarding the timing, size and scope of a highly-anticipated new round of U.S. fiscal relief with the stalemate on Capitol Hill continuing. Retail sales, ex-autos, came in stronger than expected, industrial production continued
30
Charles Schwab and Co., Inc.
- Aug 9, 2020
- 10 min
Stocks Mixed on China Tensions and Fiscal Stalemate
U.S. equities finished mixed, but the major indexes were able to post gains for the week, as a stronger-than-expected July non-farm payroll report came up against the negative sentiment surrounding stalled talks in Congress on a fiscal deal, as well as the heightened tensions between the U.S and China. President Donald Trump signed executive orders banning Americans from doing business with TikTok and WeChat, and it has been reported that the U.S. is set to impose sanctions o
60
Charles Schwab and Co., Inc.
- Aug 1, 2020
- 10 min
Stocks Show Late-Session Resiliency to Conclude Heavy Week
U.S. stocks saw a late-day push to finish higher to close out the final session of a robust and volatile week. The Nasdaq rallied on favorable earnings results from market heavyweights Dow member Apple, Amazon and Facebook. However, Google parent Alphabet's profit report faced heavy scrutiny, along with results from Dow members Exxon Mobil and Chevron. Uncertainty regarding the size, scope and timing of an expected next wave of fiscal relief measures likely stymied some convi
30
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