Year: 2020

All major U.S. stock indexes have risen more than 20% from their March lows. Despite weakness on Monday and Tuesday this week, investors remain confident that the worst of the coronavirus epidemic is behind and that unprecedented intervention by the Federal Reserve will keep asset prices high. But Tony Dwyer, […]

European markets are set to open lower on Tuesday as investor concerns over the coronavirus outbreak continue and oil market volatility remains in focus. London’s FTSE index was seen opening 106 points lower at 5,690, Germany’s DAX — 185 points lower at 10,466, France’s CAC 40 — 77 points lower at 4,439, and Italy’s FTSE MIB — 393 […]

Earnings from IBM, Netflix, Coca-Cola and dozens of other companies are expected this week. But with state shutdowns reaching the one-month milestone, the market is more likely to trade on virus headlines and news about reopening the economy. There are also some important economic reports including one on existing home sales coming out on […]

U.S. stock futures surged late Thursday after a report of promising results from Gilead (GILD), who are currently testing a drug for treatment of COVID-19 patients, and after Trump outlined the plan for the re-opening of the U.S. economy. Futures contracts pointed to a gain of more than 800 points, or […]

According to Wall Street analysts, stocks have plenty of room to run up further as an overwhelming policy response to the coronavirus pandemic the potential for a fourth-quarter economic rebound is accompanied by the potential bursting of the “fear bubble.” But the road may get more difficult after mid-year, says […]

U.S. stocks closed sharply higher Tuesday, lifted by growing expectations that the worst of the COVID-19 pandemic may have passed. But as first-quarter corporate earnings season kicks off, the economic fallout tally has only begun. Going forward, we will see the real impact of government efforts on businesses. The Dow […]

Oppenheimer Asset Management’s John Stoltzfus is now looking to add stocks to his portfolio —  just two months after warning investors there was no escape from the coronavirus fallout. But, its earnings season, which means it’s gambling time. On Monday, the firm’s chief investment strategist told CNBC’s Trading Nation, “[The earnings […]

Oil prices moved higher in overnight trading after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions which spanned four days, is the single largest output cut in history. The group, known as OPEC+, initially […]

As the nation faces an increasingly dire economic situation along with climbing unemployment numbers, Treasury Secretary Steven Mnuchin gave Americans some much-needed positive news on Thursday. In an appearance on CNBC, he indicated that the economy could reopen in May. When host Jim Cramer asked the Secretary if he believed […]

This is almost comical. Recall that 15% of Bernie supporters stated in polls they would rather vote for Trump than Biden. The potential reopening of the economy is not the only fresh prospect easing stock market tensions. Now that the “Bernie Revolution” has officially halted, stocks are surging upwards as […]