Page 20 - Peter Essele News Today

"The Dows push through 34,000 is a signal that investor appetite for future growth prospects is spilling over into more value-oriented names," said Peter Essele, head of portfolio management at Commonwealth Financial Network. "The demand for industrials and more cyclically-oriented areas should continue as the vaccines take hold and earnings potentially come in higher than originally expected." Investor sentiment was boosted by economic data on Thursday that pointed to a rebound in consumer spe...

Flashback: How the stock market started to warn us that COVID-19 was going to be a big deal Fortune 2/22/2021 © DNY59 via Getty Images It was this week one year ago that the stock market seemed to get the first hint that COVID could be a thing. It wasn’t a straight drop down, but this week one year ago today was the start of trouble. “The old market adage ‘stairs up, elevator down’ certainly rang true over the coming weeks,” wrote Ryan Detrick, Chief Market Strategist for LPL Fin...

Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labor market. Shares of Apple Inc, Tesla Inc and Facebook Inc weighed the most on both the benchmark S&P 500 and the tech-heavy Nasdaq.

* Declines in big tech-related firms pressure Nasdaq, S&P 500

U.S. Stock ETFs Try to Stabilize Themselves after Morning Losses February 18, 2021 U.S. markets and stock exchange traded funds tried to pare early morning losses toward the end of Thursday’s session. On Thursday, the  The equity markets have taken a breather after hitting record highs. Market observers warn of increased risks at these levels due to lofty valuations across various segments and the slow pace of the economy’s recovery, the Wall Street Journal reports. Jason Pride, chief in...

Wall Street closes down as tech stocks slide, jobless claims rise Reuters New York | Updated on February 19, 2021 × Declines in big tech-related firms pressure Nasdaq, S&P 500; Walmart slides as tepid outlook overshadows upbeat Q4 sales; Facebook shares slip on news of blackout move in Australia Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly US jobless claims pointed to a fragile recovery in the labour market....

* Wall St slips on surprise rise in jobless claims, tech selloff (Updates prices, adds comments and file photos)

A gauge of global equity markets fell for a third straight session on Thursday, dragged lower by weakness on Wall Street on views the market has climbed too high to soon, while a rise in weekly jobless claims pointed to a fragile recovery in the U.S. labor market.

Facebook shares fall on concerns it might face tougher regulation overseas after its Australian news ban, while the Australian share market has fallen sharply and retail sales are off to a slow start in 2021.

Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labor market.