SCHWAB MARKET UPDATE

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 Re...

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 fo...

U.S. equities finished solidly lower and further pushed the major indexes into the red on a weekly basis, with tech stocks leading the way after Dow member Microsoft announced it will close its physical stores as a result of the rise in COVID-19 cases. Meanwhile, financials also saw pressure after the Fed's banking sector stress test results adopted restrictions on dividends and share buybacks. Moreover, Dow component Nike pos...

The U.S. markets closed mixed following a back and forth day, but still finished the week in positive territory. An increase in reported COVID-19 cases in the United States and China has sparked fears of a second wave of the pandemic and put downward pressure on the markets despite recent upbeat economic data and the continued flood of global monetary and fiscal policy relief measures. A Bloomberg report suggesting China plans...

U.S. equities finished the last trading session of the week on an up note, but yesterday's plunge amid elevated worries of a second-wave of COVID-19 brought the major indexes solidly in the red for the week, snapping a three-week winning streak. The concerns dampened reopening optimism, which has been a key catalyst of the decisive bounce off of the March lows, while this week's dovish Fed outlook appeared to also stymie convi...

The U.S. equity markets rallied sharply, posting a third-straight week of gains, turbocharged by an extraordinary May nonfarm payroll report that showed job growth returned sooner than expected, adding to the already-high optimism surrounding the economic recovery from the severe COVID-19 disruption. Treasury yields, especially on the mid-to-long end of the curve, jumped as bond prices fell. The U.S. dollar was modestly higher...

U.S. equities rallied in the final hour of trading to finish mixed after President Donald Trump's press conference appeared to be less ominous than what market participants may have expected leading up to the event, with tensions intensifying between the world's two largest economies as of late. A virtual discussion with Federal Reserve Chairman Jerome Powell also garnered attention, as the Chairman indicated the Main Street l...

U.S. stocks finished modestly higher in a subdued final session of a week that saw a solid advance bolstered by optimism regarding the continued reopening of global economies, recent signs of progress from the healthcare sector on potential defenses against COVID-19, and the massive monetary and fiscal policy responses. Adding to the long list of monetary policy actions, the Bank of Japan pledged further support, the European...

U.S. equities finished higher to recoup most of yesterday's losses, as investor optimism surrounding the progress in reopening the global economy persisted, while another potential breakthrough out of the healthcare sector regarding results of a possible COVID-19 vaccine also boosted sentiment. Results from the retail sector again headlined the earnings front, with Target showing a surge in digital sales, while Lowe's Companie...

In a volatile session, U.S. equities were able to finish with modest gains, as investors weighed ramped-up U.S./China trade tensions and dismal April retail sales and industrial production reports against an unexpected improvement in consumer sentiment and a contraction in New York manufacturing activity that decelerated more than expected. On the equity front, Applied Materials and VF Corp missed quarterly expectations, while...

Please reload

Investment advisory services offered through (RIA Name), a registered investment adviser. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of the services referenced on this site are available in every state and through every advisor listed. For additional information, please contact PGWM, LLC at rar@pgwm.net.

© 2019 Private Group Wealth Management, LLC  

150 E Main Street, Fredericksburg, TX 78624

Tel: (361) 442-5105      Fax: (361) 888-5105       email: rar@pgwm.net

DISCLOSURES   PRIVACY   FORM ADV    CONTACT    HOME

Website Maintenance    ID•GRAPHICA   idgraphica.custom@gmail.com