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September 16, 2020Like

Fed Commits To Low Rates But Nasdaq Drags Market Lower

Hi Everyone, Growth sensitive stocks had a great day, even considering the late-day selloff, with energy-related issues, financials, and industrial all performing better-than-average. Real estate stocks had another strong day, thanks to the Fed’s announcements and the much better-than-expected NAHB Housing Market Index, and housing is set to remain the
September 15, 2020Like

Tech Stocks and Small-Caps Lead Bounce On Wall Street

Hi Everyone, While all of the key sectors gained ground today, most cyclical issues continue to diverge from the market-leading tech sector. Real estate stocks, the tech sector, and healthcare stocks had a great day, but industrials and financials were slightly weaker, and energy stocks struggled to build up momentum
September 9, 2020Like

Correction Continues As Oil Plunges By Most In Five Months

Hi Everyone, The stock market finished significantly lower, as stocks erased Friday late-day bounce, continuing the overbought pullback. The Dow was down 632, or 2.3%, to 27,501, the Nasdaq lost 465, or 4.1%, to 10,848, while the S&P 500 fell by 95, or 2.8%, to 3,332. Decliners outnumbered advancing issues
September 4, 2020Like

Stocks Pull Back As Big-Tech Names Crash

Hi Everyone, The stock market finished significantly lower following a sudden and violent pullback in the market-leading tech names. The Dow was down 808, or 2.8%, to 28,293, the Nasdaq lost 598, or 5.0%, to 11,458, while the S&P 500 fell by 136, or 3.8%, to 3,445. Decliners outnumbered advancing
September 2, 2020Like

Global Stocks Surge On Stimulus Hopes

Hi Everyone, The stock market soared today in a volatile session on Wall Street, as each benchmark hit new all-time and recovery highs. The Dow was up 455, or 1.6%, to 29,101, the Nasdaq gained 117, or 1.0%, to 12,056, while the S&P 500 rose by 54, or 1.5%, to
August 30, 2020Like

Dow Joins Rally As S&P 500 Tops 3,500

Hi Everyone, The stock market finished higher on Friday following a quiet and choppy session, with the S&P 500 closing the session above the 3,500 level for the first time. The Dow was up 162, or 0.6%, to 28,654, the Nasdaq gained 70, or 0.6%, to 11,696, while the S&P
August 25, 2020Like

Dow Hits Six-Month High As Cyclicals Jump

Hi Everyone, The stock market had a relatively quiet and bullish day, with the Nasdaq and the S&P 500 hitting new all-time highs again and the relatively strong Dow also closed at its highest level since late-February. The Dow was up 378, or 1.4%, to 28,308, the Nasdaq gained 68,
August 21, 2020Like

Nasdaq Continues To Impress Despite Job Market Woes

Hi Everyone, The stock market finished higher following a bearish start to the session, with the Nasdaq leading a healthy intraday rally. The Dow was up 47, or 0.2%, to 27,740, the Nasdaq gained 118, or 1.1%, to 11,265, while the S&P 500 rose by 11, or 0.3%, to 3,386.
August 20, 2020Like

Stocks Tick Lower As Fed Minutes Disappoint

Hi Everyone, The stock market finished lower following a very choppy and quiet session on Wall Street, as traders digested the minutes from the latest Fed meeting. The Dow was down 85, or 0.3%, to 27,693, the Nasdaq lost 64, or 0.6%, to 11,146, while the S&P 500 fell by
August 20, 2020Like

S&P 500 Finally Erases COVID Crash

Hi Everyone, The stock market finished mixed yet again, following another choppy session on Wall Street, with the Nasdaq and the S&P 500 both hitting new all-time closing highs. The Dow was down 67, or 0.2%, to 27,778, the Nasdaq gained 81, or 0.7%, to 11,211, while the S&P 500
August 18, 2020Like

Nasdaq Resumes Record-Breaking Rally

Hi Everyone, The stock market finished mixed for the third session in a row, with the Nasdaq’s new all-time high highlighting the choppy session. The Dow was down 80, or 0.3%, to 27,845, the Nasdaq gained 110, or 1.0%, to 11,0130, while the S&P 500 rose by 9, or 0.3%,
August 17, 2020Like

Rally Continues Despite Stimulus Impasse

Hi Everyone, The stock market finished mixed for the second day in a row following another choppy and quiet session on Friday. The Dow was up 34, or 0.1%, to 27,931, the Nasdaq lost 23, or 0.2%, to 11,019, while the S&P 500 rose by 1, or 0.02%, to 3,373.
August 13, 2020Like

S&P 500 Eyes All-Time High As Stocks Roar Back

Hi Everyone, The stock market finished with lofty gains following a broad rally on Wall Street, as bulls quickly retook control of the stock market following yesterday’s selloff. The Dow was up 290, or 1.1%, to 27,977, the Nasdaq gained 229, or 2.1%, to 11,012, while the S&P 500 rose
August 12, 2020Like

Dow Breaks Winning Streak As Tech Stocks Weigh

Hi Everyone, The stock market finished lower following a steep afternoon selloff, led by mega-cap the stocks like Apple (AAPL, -3.0%) and Facebook (FB, -2.6%). The Dow was down 105. or 0.4%, to 27,687, the Nasdaq lost 186, or 1.7%, to 10,783, while the S&P 500 fell by 27, or
August 12, 2020Like

Dow Hits Five-Month High As Cyclical Issues Surge

Hi Everyone, Despite the Nasdaq’s persistent relative weakness, the stock market closed well above its intraday lows, with only the tech benchmark finishing in the red. The Dow was up 358, or 1.3%, to 27,792, the Nasdaq lost 43, or 0.4%, to 10,968, while the S&P 500 rose by 9,
August 8, 2020Like

Nasdaq And Smallcaps Lead Broad Rally On Wall Street

Hi Everyone, The stock market finished mixed on Friday following three bullish days on Wall Street, as the U.S.-China tensions trumped the bullish jobs report. The Dow was up 47, or 0.2%, to 27,433, the Nasdaq lost 97, or 0.9%, to 11, 011, while the S&P 500 rose by 2,
August 8, 2020Like

Nasdaq Hits 11,000 As Job Market Shows Promise

Hi Everyone, The stock market finished higher for the third day in a row thanks to a late-day rally on Wall Street, as the promise of a stimulus deal boosted stocks across the board. The Dow was up 185, or 0.7%, to 27,387, the Nasdaq gained 110, or 1.0%, to
August 5, 2020Like

Stocks Edge Higher As COVID Pressure Eases

Hi Everyone, The stock market finished higher following another choppy session, with the Dow and small-caps spearheading the rally. The Dow was up 164, or 0.6%, to 26,828, the Nasdaq gained 38, or 0.4%, to 10,941, while the S&P 500 rose by 12, or 0.4%, to 3,307. Advancing issues outnumbered

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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