SCHWAB MARKET UPDATE

U.S. stocks are mixed, but remain near all-time highs and are heading toward a fifth-straight weekly gain that has been fueled by increased optimism of a U.S.-China "phase one" trade deal. However, some of the trade optimism luster has been rubbed off by President Donald Trump saying that the two sides have not agreed to rollback tariffs. Dow member Walt Disney is rising on its stronger-than-expected earnings, while Gap is fal...

U.S. equities finished higher, with the S&P 500 Index notching another record, as stronger-than-expected October job growth, as well as a solid upward revision to September's figures, more than offset continued contraction for the manufacturing sector as reported by ISM. Some favorable manufacturing data out of China also helped to bolster global sentiment. Treasury yields were higher, but the U.S. dollar nudged lower, while c...

U.S. stocks are on track for a third-straight weekly advance, overcoming early losses as the markets digest another heavy dose of earnings reports, while consumer sentiment improved versus last month and U.S.-China trade optimism remains. Stocks are showing some resiliency in the face of Amazon's profit miss and softer-than-expected outlook for the holiday season, with Dow member Intel's results continuing a recent string of u...

U.S. stocks are lower in midday trading, with some upbeat earnings results in the infancy of Q3 earnings season being overshadowed by a surprising decline in the Leading Index and soft economic data out of China to flare global growth concerns. As well, some caution may be setting in ahead of tomorrow's Brexit vote in the U.K. Parliament, with uncertainty of support for the measure making it too close to call.  On the equity f...

U.S. equities rallied strongly to end the week and posted positive weekly returns for the first time in three weeks. Optimism surrounding U.S.-China trade fueled the rally after a tweet from President Trump said that “good things” are happening. News from across the pond added to the day’s high spirits with comments following a meeting between British Prime Minister Boris Johnson and Irish Premier Varadker offering hope that a...

U.S. stocks are solidly higher, trimming a weekly drop on the heels of a mixed September nonfarm payroll report that preserved recently elevated Fed rate cut expectations. Job growth slowed but prior months were revised higher and the unemployment rate fell to a low not seen since December 1969, though wage growth was unexpectedly flat and y/y growth was slowest in over year. The data comes as recession concerns ramped-up this...

September 27, 2019

U.S. stocks are mixed following some diverging economic data that showed personal income rose but spending registered the slowest pace in six months, and a read on business spending unexpectedly dipped, though consumer sentiment was revised higher than anticipated. The markets continue to focus on next month's expected resumption of trade talks between the U.S. and China, which CNBC reported are set to begin October 10th. Trea...

September 14, 2019

U.S. equities finished mixed and near the flat line heading into the weekend, as early upbeat sentiment surrounding U.S.-China trade optimism and positive economic data was tempered by caution ahead of a number of key central bank meetings next week. Retail sales came in above expectations and scored a sixth-straight month of gains and consumer sentiment bounced off a near three-year low. Treasury yields were solidly higher an...

September 6, 2019

U.S. equities finished out the final session of a shortened week mixed, but notched a second solid weekly gain, that has come on the heels of increased optimism of progress on the U.S.-China trade front, and after Federal Reserve Chairman Jerome Powell's speech in Switzerland offered mostly positive re-views of where the U.S. economy stands. Meanwhile, investors also digested a mixed August nonfarm payroll report that showed j...

U.S. stocks are higher for a third-consecutive session, chipping away at Au-gust's drop, with U.S.-China trade worries remaining relatively subdued and Treasury yields continuing to stabilize from a recent tumble. However, volume is a bit light-er than usual ahead of the three-day Labor Day holiday weekend. Ulta Beauty is falling after missing earnings expectations and lowering its guidance, but Camp-bell Soup is rising follow...

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