Market Commentaries

24 Apr

Stocks Slip on Oil

April 24, 2020 Oil prices drove markets lower this week as the West Texas Intermediate (WTI) crude oil benchmark hit a historic low. The May contract for WTI fell $55.90 on Monday to a history-making -$37.63 a barrel. The decline was driven by plunging demand for oil amid the global pandemic just as producers continued…

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17 Apr

Green Shoots Lead Markets Higher

April 17, 2020 Optimism for a flattening COVID-19 curve in the U.S. and high hopes for Gilead’s experimental drug treatment for COVID-19 pushed the S&P 500 to a 3.04% weekly gain. The move comes on the heals of last week’s 12.10% rise, the index’s best one-week performance since 1974. The positive developments sparked investor optimism…

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03 Apr

Markets Maintain Range

April 3, 2020 After rallying as much as 18% from its March 23rd low, the S&P 500 settled into a range this week. Drug industry breakthroughs, a stronger federal government response to tackle the COVID-19 outbreak, and news of a potential deal between Saudi Arabia and Russia to cut oil production helped to support stocks…

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