MT Market Model (04 August’20)

U.S. stocks ticked up modestly Tuesday as investors held out cautious hope for progress in Washington on an aid package to support an economy roiled by a pandemic. Investors are monitoring negotiations among Democratic leaders and White House officials on a new coronavirus aid package. The two sides remain at odds over whether to cut a $600-a-week federal jobless supplement or provide aid to financially strapped states and localities.

MT Market Model (31 July’20)

U.S. stocks rose Friday as a slate of technology giants buoyed the S&P500 and offset disappointing earnings from some industrials and weak economic data. Apple, Facebook and Amazon were among the index’s biggest winners, rising 10.5%, 8.2% and 3.7% on the back of strong earnings. Their gains offset stock price declines by Chevron, which posted steep losses in the second quarter as the drop in global travel crimped fuel demand amid the pandemic. Caterpillar also fell after reporting that its revenue in the U.S. dropped more than 40% in the second quarter.