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Daily Market Note (176)

Daily Market Note | Siebert Financial Corporation (“Siebert”) has a full range of brokerage and financial advisory services offered through its operating subsidiaries, affiliates and brands associated with Siebert Financial described below (176)

Daily Market Note

Everyone's A Winner

Everyone’s a winner. Stocks snapped a 3-day losing streak yesterday reversing early losses to close in the green. It was a tech-led rally yesterday and good news about virus treatments outweighed bad news about growing virus cases.
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Daily Market Note

Here Comes The Sun

Here comes the sun. Stocks gave up early gains on Friday as the Coronavirus proved to traders that it is far from gone. Surging virus cases overshadowed optimism from China stepping up agricultural purchases.
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Daily Market Note

Bumpy Ride

Bumpy ride. Stocks bounced all over the place yesterday, closing mixed, amidst all sorts of good and bad news about the state of the economy. New virus cases continue to rise in some states as others prepare to lift restrictions while vaccine developers remain positive.
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Daily Market Note

Resting Eyes

Resting eyes. Stocks could not hold on to early gains, selling off into the close and snapping a three-day winning streak. It was a day of mixed data and news, maybe a bit too much to process.
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Daily Market Note

Success: The Only Option

Success: the only option. Stocks rose yesterday on positive news of retail spending, virus treatments, and congressional spending. The Fed cast a cautious tone while buying bonds in the open market and investors love it!
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Daily Market Note

Sugar On Top

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.
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