Defensive Sectors Outperform S&P 500 as Growth Concerns Mount
(Reuters) Utilities sector has returned over 6% this year, while staples have gained 2.5%, against a general 8% decline in S&P 500 as investors turn defensive in a tighter economy.…
SPY QQQ DIA 2022 Forecast: Where Is the US Market Headed in a Year?
2021 was another great year for American equities. The S&P 500 index rose by about 27%, while the Dow Jones rose by about 20%. The tech-heavy Nasdaq 100 index climbed…
Invesco QQQ Outlook: Stock Price Targets $400 Amid Multiple Catalysts
The Invesco QQQ stock price is hovering near its all-time high, helped by a strong US economic rebound, earnings, and the $1 trillion stimulus bill. The ETF is trading at…
U.S. Consumer Confidence Index Jumps Again to Hit 121.7 in April
U.S. consumer confidence index reached 121.7 in April, up from 109.0 in March, according to the Conference Board press release. The index is now at the highest level since February…
Yellen Urges Lawmakers to ‘Act Big’ to Save the Economy, Worry About Debts Later
Biden's New Treasury secretary nominee Janet Yellen urged lawmakers on Tuesday to 'act big" on coronavirus relief spending, reports Reuters. Yellen says the economic benefits of higher spending outweigh the…
Pelosi Narrowly Re-Elected as House Speaker Despite Political Uncertainty
Nancy Pelosi was re-elected speaker of the U.S House of Representatives on Sunday by a 216-209 margin as the new Congress took office, according to Reuters. Her re-election comes when…
Trump Vetoes $740 Billion Defense Bill, Breaks with Republican-led Senate
President Donald Trump on Wednesday vetoed a colossal defense bill that authorizes a topline of $740 billion in spending and outlines Pentagon policy, according to CNBC. Trump said the Act…
What Could Rattle Markets in 2021: Here are the Top Investors’ Concerns by FXAudit
Investors rank potential complications with the mass vaccination efforts as the top concern for global financial markets next year. Capital market point to the likelihood of the virus mutating, possible…
Sales of New Residential Houses Plummets by 11% in November
U.S. sales of new single-family houses in November came at an adjusted annual rate of 841,000, according to the Census Bureau press release. The sales were down 11% from October…
BioNTech Unsure Vaccine Works Against UK Coronavirus Strain. CEO is Optimistic
BioNTech CEO said he does not know at the moment if the current vaccine can protect against the new COVID-19 strain in the U.K. but is optimistic that it does.…
U.S. Senate Passes Giant Package Worth More than $2.3 trillion
U.S. Senate on Monday passed a giant year-end spending bill worth more than $2.4 trillion, the second-largest economic relief measure in history, according to Bloomberg. The spending bill combines $900…
Congress Agrees on $900 Billion Relief Plan
U.S. Congressional leaders reached a deal on Sunday worth about $900 billion to bolster the U.S. economy devastated by the coronavirus pandemic, reports Bloomberg. The House of Representatives and the…