U.S. stocks climbed Thursday, led by shares of banks, which rose on a regulator’s decision to ease some post-financial crisis requirements. Major indexes found their footing in the final hour of trading after swinging in and out of the red most of the day.
Stocks tumbled Wednesday as pockets of coronavirus infections emerged around the U.S., intensifying fears that officials would have to reinstate lockdown measures.
Stocks rose Tuesday as improving economic signals in the U.S. and overseas added to optimism for recovery from the coronavirus-induced slowdown. Big technology stocks led the way as they have for much of the rally since late March. The tech-heavy Nasdaq Composite set its 21st record close of the year and has risen for 16 of the past 18 trading days, its best such winning streak since 1999.
U.S. stocks rallied Monday after a choppy morning session as investors continued to put faith in signs of a nascent economic recovery, despite a rise in coronavirus-infection rates in some states.
In order to maximize returns on stocks that explode higher, a trader must be willing to jump into a trade right at the open. However, since there are thousands of stocks out there, how do you make sure you jump into the right one? You use software that gives you an edge.
Markets abruptly turned lower Friday after Apple said it was closing some stores due to a rise in coronavirus cases, stoking fears of another lockdown. Despite Friday’s weak close, all three indexes posted weekly gains of at least 1%, reversing a sharp drop last week. The increases were fueled by central-bank stimulus efforts and cautious optimism that the economy is recovering from the worst fallout of the pandemic.
Traders watch for unusual volume stocks because they are often accompanied by large price movements. Increased volume flows are correlated with volatility. A heightened volume indicates something is going on today and that the stock is “in play”. A stock moving up on unusually high volume typically signifies an outsized demand to own the stock.
One of the best swing strategies on Wall Street is to buy stocks that gap up on earnings announcements. Why? Because stocks that gap up on strong earning reports tend to produce unusual returns due to a phenomenon known as the Post Earnings Announcement Drift (PEAD). The following list of stocks gapped up on strong Q1 2020 earning reports and produced substantial post-earning announcement drifts.
U.S. stocks wavered Thursday as investors weighed a rise in coronavirus infections in some states against signs of stabilization in the labor market.
U.S. stocks wavered Wednesday as investors continued to weigh a rise in coronavirus infections against signs that the economy is recovering. The Dow Jones Industrial Average and the S&P 500 have swung between gains and losses for most of the day, as investors have struggled to find a catalyst to extend a three-day winning streak.