Tag Archives: Federal Reserve

Your Thursday Blip 10/1/20

Stimulus hopes and a dip in jobless claims boosted stocks at the opening but with airlines furloughing thousands of workers markets became volatile as pressure increased on Congress and the White House to reach a deal. At the close the Dow was up 35 points at 27,817 on heavy trading volume. IBD upgraded markets to…
Read more

Your Tuesday Blip 9/15/20

The Federal Reserve begins a two day policy meeting today while positive news regarding vaccines and economic data pushed stocks higher with tech leading the way while utilities and value gave up a strong start and were lower on the day. At the close the Dow was up 2 points to 27,995. Trading volume was…
Read more

Your Thursday Blip 8/27/20

The Dow busted out to new highs after the Federal Reserve instituted a new policy called “flexible average inflation targeting” which will allow inflation to run above the previous 2% benchmark. Investors liked the news and bank, real estate, material and industrial stocks propelled the Dow to a gain of 160 points at 28,492 while…
Read more

Your Weekly Market Blip 4/9/20

Stocks closed out the shortened pre-Easter trading week on an uptick as the Dow gained 285 at 23,719. Trading volume rose significantly. Bank stocks and energy related companies were higher. For the week the Dow gained about 12%. Gurus appear to be cautiously optimistic but at the same time no one wants to pile in…
Read more