Stock Market Overview
The S&P 500 Index ($SPX) on Monday closed up +0.24%, the Dow Jones Industrials Index ($DOWI) closed up +0.24%, and the Nasdaq 100 Index ($IUXX) closed up +0.09%. All three indexes posted new all-time highs. The stock market saw support from optimism that the mega-cap technology stocks will report strong Q2 earnings results this week. Apple, Alphabet, Amazon.com, Facebook, and Tesla all report Q2 earnings this week. Stocks also garnered support from optimism that Fed Chair Powell will indicate it's too early to taper QE and the Fed will maintain its stimulus measures after Wednesday’s conclusion of the 2-day FOMC meeting.
Sep T-notes (ZNU21) on Monday closed up +2 ticks, and the 10-year T-note yield was unchanged at 1.276%. Weaker-than-expected U.S. economic data on Monday gave T-notes a boost along with concern that the worsening of the pandemic in the U.S. will lead to restrictions that undercut economic growth. Gains in T-notes on Monday were limited after the S&P 500... Read more
ATLANTA (AP) — UPS had another strong quarter with shipments to homes continuing at a brisk pace, though revenue at home, its biggest market, was a little weaker than some had expected.
LISBON, Portugal — Portuguese health experts say there are signs that the country’s recent surge in COVID-19 infections is running out of steam, as political leaders consider whether to start winding down pandemic restrictions.
FORT WORTH, Texas (AP) — The fuel needle is moving closer to “empty” at some U.S. airports.
BEIJING (AP) — Global stock markets declined Tuesday as investors looked ahead to a Federal Reserve report for an update on when U.S. stimulus might start winding down.
Soil, sun, water and seed: The ingredients of a garden are simple, but the final product is never guaranteed. Willing a plot of land into a vibrant state of bloom takes intention, know-how and no small amount of trial and error.
BERLIN (AP) — A United Nations panel paid out $600 million to Kuwait's national oil company Tuesday as compensation for Iraq's invasion and occupation of Kuwait three decades ago.
PHNOM PENH, Cambodia (AP) — Cambodian authorities have stopped five large containers of water buffalo meat imported from India after determining the shipment was tainted with the coronavirus, officials said Tuesday.