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Daily Market Note (178)

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 (178)

Daily Market Note

Working Things Out

Working things out. Stocks closed mixed yesterday as traders continued to weigh the upsides of tomorrow with the tough realities of today. The number of new weekly jobless claims is slowly falling but the number is still high and continuing claims rose slightly indicating that Americans are not...
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Daily Market Note

Sunny Days Ahead

Sunny days ahead. More risk-on yesterday as stocks surged on optimism, momentum, and some encouraging numbers. An early read on the labor force showed that job losses for May were less than expected, fueling hopes of a rapid recovery… stocks liked that.
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Daily Market Note

Defiance

Defiance. Markets rose for a third straight day, paying no mind to protests and China tensions. A growing number of areas are loosening restrictions, empowering the bulls.
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Daily Market Note

Grasping Success

Grasping success? Stocks pulled out of an early loss for gains after investors chose to look beyond today’s anything but good feeling news. Euphoria continues to grip the fancy of traders as they invest for better days to come.
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Daily Market Note

Soft Punch

Soft punch. Markets closed mixed on Friday as a feared crackdown on China by the US did not happen… yet. Pharmaceutical companies are making headway not only in the fight against COVID, but also cancer helping the Nasdaq advance.
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Daily Market Note

Which Way Is Up?

Which way is up? Stocks sold off late in the session, giving up early gains after the President hinted at potential sanctions against Beijing. Another 2.1 million Americans filed first time unemployment claims last week and the US economy shrank by -5% last quarter, and yes, there may be some good...
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