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PGWM, LLC
- Oct 23, 2020
- 9 min
Stocks Close Mixed, and Snap Weekly Run of Gains
U.S. stocks finished the day mixed and snapped a three week run of gains, as key earnings announcements yielded varied results. Political uncertainty remained in focus as the highly-contentious presidential election moved closer, while hopes for the much talked about fiscal relief deal continued to languish. However, October reads on domestic manufacturing and services activity offered support to recent data that suggests the economic recovery continues. Moreover, the FDA's a
10
PGWM, LLC
- Oct 16, 2020
- 10 min
Stocks Close Mixed but Post Another Week of Gains
U.S. equities finished mixed, but were still able to string together a third consecutive week of gains despite an up and down week of trading. Optimism surrounding the potential for a fiscal relief package reemerged, while a surprising jump in retail sales and a rise in consumer sentiment also helped the markets climb higher. The renewed optimism on additional stimulus was jumpstarted by yesterday’s comments from Treasury Secretary Mnuchin who indicated that he may cede some
30
PGWM, LLC
- Oct 9, 2020
- 9 min
Stocks Finish Higher, Posting a Second Consecutive Week of Gains
U.S. stocks closed higher, helping the markets reach back-to-back weekly gains after a tumultuous September. The on-again, off-again fiscal stimulus negotiations were again in focus, as fresh headlines suggested that the White House is prepared to make a larger relief offer, spurring some optimism. However, uncertainty surrounding the timing and likelihood of any potential deal is still giving investors pause. Further progress on the COVID-19 treatment/vaccine front continued
40
PGWM, LLC
- Oct 2, 2020
- 9 min
President's COVID-19 Diagnosis Hampers Stocks
U.S. equities finished lower, but still managed to post weekly gains, amid ramped-up concerns about COVID-19 after President Donald Trump and First Lady Melania Trump tested positive for the virus. Moreover, the September employment report suggested the job recovery has slowed. A glimmer of hope that lawmakers may be able to come to an agreement on a new fiscal relief package was renewed to help stocks pare some of the losses after House Speaker Pelosi hinted that aid for the
60
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