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April 4, 2020Like

Friday April 3, 2020 Market Commentary

Hi Everyone, The stock market finished the week on a decisively negative note in the wake of the bearish government jobs report, with cyclical issues leading the way lower amid the increasing recessionary fears. The Dow was down 361, or 1.7%, to 21,053, the Nasdaq lost 114, or 1.5%, to
April 3, 2020Like

Stocks Bounce Back As Energy Markets Go Haywire

Hi Everyone, The stock market finished higher following a very choppy session, with insane volatility in the energy sector, as investors digested the mixed COVID-related headlines and the weak job market indicators. The Dow was up 470 or 2.2%, to 21,413, the Nasdaq gained 127, or 1.7%, to 7,487, while
April 2, 2020Like

Stocks Suffer Hit Amid Looming Global Recession

Hi Everyone, The stock market finished deep in the red as investors got spooked over the possibility of a longer-than-expected lockdown period in Europe and the U.S. The Dow was down 974 or 4.4%, to 20,944, the Nasdaq lost 340, or 4.4%, to 7,361, while the S&P 500 fell by
April 1, 2020Like

Stocks Tick Lower As U.S. COVID Cases Hit 175,000

Hi Everyone, The stock market fell amid the continued surge in the number of confirmed COVID-19 cases in the U.S. The Dow was down 410 or 1.8%, to 21,917, the Nasdaq lost 74, or 1.0%, to 7,700, while the S&P 500 fell by 42, or 1.6%, to 2,585. Decliners outnumbered
March 31, 2020Like

Investors Remain Upbeat As Economic Uncertainty Persists

Hi Everyone, The stock market finished significantly higher today, erasing Friday’s late-session plunge, with the Nasdaq and the tech sector giving a boost to the broader market, despite the grim U.S. COVID-19 situation. The Dow was up 691 or 3.2%, to 22,327, the Nasdaq gained 272, or 3.6%, to 7,774,
March 30, 2020Like

Stocks Record A Positive Week

Hi Everyone, The stock market finished significantly lower on Friday, after one of the strongest three-day rallies in history. The pullback occurred despite the approval of the U.S. stimulus bill, as the global COVID-19 situation continued to deteriorate. The Dow was down 915, or 4.1%, to 21,637, the Nasdaq lost
March 27, 2020Like

Investors Cheer Historic Stimulus Bill

Hi Everyone, The stock market finished significantly higher, with the Dow and the S&P 500 rising for the third day in a row thanks to the huge and well-targeted stimulus package that got unanimous support in the Senate. The Dow was up 1,352 or 6.4%, to 22,552, the Nasdaq gained
March 26, 2020Like

Stimulus Deal Fuels Rally On Wall Street

Hi Everyone, The majority of stocks added to yesterday’s lofty gains thanks to the stimulus deal reached in Washington, with the Dow leading the way higher again amid Boeing’s (BA, +30%) historic rally. The Dow was up 496 or 2.4%, to 21,201, the Nasdaq lost 34, or 0.5%, to 7,384,
March 25, 2020Like

Stocks Skyrocket As Congress Nears Stimulus Bill

Hi Everyone, The stock market had one of its strongest sessions ever, with the most-oversold sectors propelling the market higher, as investors put their faith in the historic $2.5 trillion stimulus bill that is likely to be approved by Congress later today. The Dow was up 2,113, or 11.4%, to
March 24, 2020Like

Stocks Lose Ground Amid Stimulus Delay

Hi Everyone, The major indices all finished lower following another chaotic session on Wall Street, as despite the Fed’s “unlimited” quantitative easing (QE) program, investors remained defensive due to the rapid spread of the virus and the Senate’s failure to pass a massive stimulus bill. The Dow was down 582,
March 23, 2020Like

Stocks Fall By The Most Since 2008

Hi Everyone, The stock market fell following yet another wild session on Wall Street, as despite a promising start to the day, the negative virus-related headlines caused a massive afternoon selloff ahead of the weekend break. The Dow was down 913, or 4.6%, to 19,094, the Nasdaq lost 271, or
March 20, 2020Like

Stocks Edge Higher In Chaotic Trading

Hi Everyone, The major indices all finished in the green following a very choppy and nervous session on Wall Street, as investors tried to gauge the impact of the rescue packages announced by central banks and governments across the globe. The Dow was up 188, or 1.0%, to 20,087, the

Contact The Pinnacle Financial Group

At The Pinnacle Financial Group, we have provided sound risk management advice to individuals and businesses in New York and Connecticut for two decades. We understand the critical role insurance planning plays in securing your financial future and protecting your family. We will carefully explain your options and the different strategies available to you so that you can make the right decisions for you and your loved ones.

To schedule a free initial consultation, call our offices at 516-763-9700 or complete the form provided below.

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Pinnacle Group

9 South Long Beach Road
Rockville Centre, NY 11570

 

516.763.9700
Fax: 516.763.9706

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