Robert Samuels

Market Recap US Markets: Stocks ended the day somewhat higher as traders rotated back into tech names amid a rising number of coronavirus cases. The Dow gained 43 points, or 0.2% after falling by as much 200 points earlier in the session. The S&P 500 climbed 0.4% and the Nasdaq led the way higher 0.9%. […]

Market Recap US Markets: Vaccine-related euphoria appeared to wear off as U.S. stocks fell for a second straight day. The Dow Jones dropped 345 points in a volatile session, after rising by as much as 147 points at its session high. The S&P 500 fell 1.2%, while the Nasdaq fell 0.8%. The indices sharply sold-off […]

Market Recap US Markets: For the first time in three days, markets fell after a furious rally following the release of encouraging vaccine data from Pfizer and BioNTech last week, and Moderna yesterday.  The Dow Jones dropped 166.49 points, or .56%, after closing at a record high yesterday. The S&P 500 also closed at an […]

Market Recap US Markets: U.S. stocks rose to start the week after another pharma company released encouraging vaccine data. Moderna reported that clinical trials of their COVID-19 vaccine indicated a 94.5% efficacy rate. This topped last week’s 90% report from Pfizer and BioNTech, and further lifted expectations of a strong economic recovery. According to TS […]

Market Recap US Markets: The vaccine rally returned to close off the week as investors bet again on cyclical value stocks dependent on a vaccine and recovery from COVID.    The Dow Jones jumped 399.64 points, or 1.4%, while the S&P 500 advanced 1.4% to a record closing high. The Nasdaq also gained 1%, while the […]

Market Recap US Markets: Stocks came back down to earth today officially ending the furious post-election rally and euphoric vaccine rally. Investors confronted the very real reality that the virus is still here and surging to record numbers all across the world. The indices turned sharply downwards after Federal Reserve Chairman Jerome Powell said the […]

Market Recap US Markets: The S&P 500 and Nasdaq rose on Wednesday after tech shares recovered some of their losses from earlier this week. After the Pfizer and BioNTech announcement about their more than 90% effective Covid-19 vaccine, investors began rotating out of tech stocks and into cyclical recovery stocks.  After the Dow surged for […]

Market Recap US Markets: The Dow Jones built on yesterday’s sharp gains as a market rotation out of “stay-at-home” hot tech names into beaten-down value stocks linked to recovery continued. The Dow jumped 262.95 points, or 0.9%, to close at 29,420.92, while both the S&P 500 and Nasdaq lagged as tech names struggled for the […]

Market Recap US Markets: Strong gains to open the week were anticipated after Joe Biden was officially declared President-elect over the weekend. However, what truly sent markets skyrocketing today was trial data from drugmakers Pfizer and BioNTech indicating their Covid-19 vaccine is more than 90% effective. This crushed anyone’s estimates and sent stocks skyrocketing to […]

Market Recap US Markets: Even with the election undecided, markets closed with their best weekly gains since April. However, the end may be near as Joe Biden closes in on the 270 electoral votes needed to win the presidency. Stocks cooled off from their scorching rally this week and ended Friday mostly flat. The Dow […]