GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Sugar on top. Stocks overcame an early deficit yesterday and rallied into the close after the Fed made good on its earlier pledge of support. The Fed also announced the opening of its Main Street lending facility enabling companies to borrow directly from the Central Bank.

Instantly gratified. Markets staged somewhat of a comeback on Friday after Thursday’s rout as bullish stock investors tried to buy the dip… again. Stocks had a bumpy ride throughout the session but ultimately rallied into the close led by the usual suspect recovery stocks.

Bubble trouble. Stocks got hammered in yesterday’s session as traders took a gut check on the nation’s recovery. News of growing COVID cases around the US soured investor sentiment causing a violent sell-off in stocks which were high flyers… just a few days ago.

It’s not a sprint. Stocks had another mixed close yesterday with tech pulling the Nasdaq to another new all-time high as new virus cases picked up steam. The Fed has our backs for the foreseeable future… at least until 2022, according to Jerome Powell.

Don’t look down! The rally in stocks took a breather yesterday as investors assessed how fast and just how far we have come. New global virus cases hit a new high yesterday while more and more shelter orders are lifted in the US.

It’s official. Stocks continued to rally yesterday as the largest economy in the world is getting back on its feet. Investors rushed in to buy overbought stocks which were once cheapened by the onset of the pandemic… again.

Recess is over. Stocks rallied strongly on Friday on a surprising uptick in employment for May. Economists were expecting more job losses and an increase in the unemployment rate but the actual number proved them wrong on both accounts… and the market approved.