27 November 2020
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Good News Daily

IT giant, Apple reporting better than expected is a great sign for the US economy and adds to the growing belief that the US economy will recover in the second-half of this year. 

Good News Daily

The US stock market shrugged off the negative IMF report by heading up, as our market did yesterday, which probably shows the respect the market has for the IMF’s prognostications. Good company reports from Apple and even a retailer such as Radio Shack are all good signs where most companies have reported better than expected. […]

Good News Daily

The Federal Reserve outlined how they conducted the "stress tests" on America’s 19-largest financial institutions and reported that most banks were currently well capitalized but would have to keep a "substantial" amount above regulatory requirements should the recession worsen. “Most banks currently have capital levels well in excess of the amounts needed to be well […]

Good News Daily

The Dow Jones only dropping 51 points with swine flu worries is a good sign that negativity is diminishing on Wall Street. 

Good News Daily

The Conference Board’s closely watched Consumer Confidence Index rose more than 12 points to 39.2. This compares to the 26.9 reading in March. This is the best reading since November, which was 44.7, but more importantly it beat the expectations of economists' by nearly 10 points.  

Good News Daily

Despite a 6.1% contraction of America’s GDP — on an annualised basis — US stock markets rose by over 2%! Why? Well, firstly consumer spending rose by 2.2%. Secondly, inventories fell and these worsen the contraction number and usually bring along more production in the next quarter. And thirdly company reports have generally come in […]

Inside Markets

Wall Street has struggled to beat the key resistance point that could put the nail into the bear market’s coffin with the Dow Jones and S&P 500 ending in negative territory — but it was a close run thing. In fact, the Nasdaq kept flying the bulls’ flag by finishing up. The overall result was […]

Inside Markets

For three weeks in a row, US stock markets have resisted the gravitational pull of the bears and short-sellers with US company reporting, consumer confidence and other economic indicators giving the bulls something to run with. Comments about the banks and the stress tests have not spooked the market, but we get all of the […]

Inside Markets

There was another strong rise on Wall Street with no pullback trigger in sight. Better than expected home sales numbers and a good report from AIG, which was a name in the thick of things when everything on stock markets went pear-shaped, helped the market. Only the stress tests could hurt the positive sentiment but […]

Inside Markets

Wall Street is a little worried about the official release of the stress tests and this has held back the onward march of this rally, however, investors are not too concerned at the moment. Stocks pulled back Tuesday as the pending results for the government's bank stress test left the market a bit jittery. The […]

Inside Markets

Wall Street beat off the stress test blues to again finish in positive territory and it was helped by economic figures showing job losses are easing. The Dow rose 101 points or 1.2% to 8,512.28.   The Nasdaq put on 5 points to 1,759.   The S&P 500 went up 15 points or 1.7% to […]

Inside Markets

Ahead of the release of the stress tests on the top 19 US banks the market went down, but it was not dramatic and considering the stock market there is up around 30%, the mild sell-off has to be some profit-taking. The Dow Jones lost 102 points or 1.2% to 8,409.   The Nasdaq dropped […]

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