Good MorningEquity markets gave up some of this week’s gains on Friday leaving traders in question about a possible Santa Claus Rally. The Santa Claus Rally is an upswing in the market that usually accompanies the Christmas Holiday. This year’s holiday, however, comes with dark clouds that may keep the market from moving much higher. Not only is the COVID-19 virus still spreading but the economic stimulus is elusive as ever and a government shutdown looms over the country.
With only eight trading days left in the year investors are cautioned not to read too much into the day-to-day market movements. Trading volume is going to be at a seasonal low and trading ranges will dominant the action. We might not know which direction the market really wants to go until the New Year begins.
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Politics | | | The European Union’s chief negotiator says the bloc and the United Kingdom are starting a “last attempt” to clinch a post-Brexit trade deal, with EU fishing rights in British waters the most notable remaining obstacle to avoid a chaotic and costly changeover on New Year Read the Full Story |
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Politics | | | Global stock markets and U.S. futures were mostly lower Friday after Wall Street hit a new high on optimism over economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims.
Markets in Shanghai, Frankfurt, Tokyo and Hong Kong advanced while London... Read the Full Story |
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Politics | | | Asian stock markets were mixed Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims.
Tokyo, Hong Kong and Sydney retreated while Shanghai gained. Seoul swung between small gains and ... Read the Full Story |
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Markets | | | RingCentral (NYSE: RNG) is a cloud-based communications platform used by businesses to allow employees make and take calls from their computers. In other words, a textbook work-from-home stock at first glance. Read the Full Story |
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Markets | | | Mixed Results Drives Apogee Lower
At first glance, you might think Apogee Enterprises (NASDAQ:APOG) is well-positioned as a manufacturer of windows but then again, maybe not. The company is focused almost exclusively on the industrial end of the construction business and there is some weakness in t... Read the Full Story |
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Politics | | | BRUSSELS — More than 10,000 elderly people living in Belgian rest homes have died from COVID-19 since the start of the coronavirus pandemic.
Yves Van Laethem, a spokesman at Belgium’s coronavirus crisis center, told a news conference on Friday that the death of 10,270 rest home resid... Read the Full Story |
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Tech | | | As a wave of antitrust actions surges against Google and Facebook, states in two lawsuits are stretching beyond the cases made by federal competition enforcers to level bold new claims. The states are taking new legal approaches as they join the widening siege against the two once seemingly untoucha... Read the Full Story |
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Markets | | | Steelcase Not Participating In Furniture Rebound
The furniture market is booming, at least on the residential end, and that is driving shares of stocks like La-Z-Boy (NYSE:LZB), Lovesac, (LOVE) and RH (NYSE:RH) to new highs. And that’s the problem for Steelcase (NYSE:SCS). Residential f... Read the Full Story |
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Markets | | | The other is consumer spending and Jabil (NASDAQ:JBL) is benefiting from both. The pandemic made the world lean heavily on technology, proving its worth to society and accelerating the shift to digital. Read the Full Story |
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