Prepared for Obasi C. | Delivered February 18, 2020
United States Stock Market
The goal is to obtain an overview of the changes that took place in the U.S. stock market during the course of a week's time, specifically February 10-17, 2020.
Attention over the past week has been focused on the
attempted to reopen. As a sign of cautious optimism, U.S. stocks overall
for the second week in a row.
The Information Technology sector of the U.S. market
rose by 0.49%
. This growth is thought to be spurred in part by the news of
new wearable technology
The core personal consumption expenditures (PCE) price index
increased approximately 1.6%
which is short of the expected 2%. At this point in time, it's unknown if this will spur the Fed into action or not.
As of last week,
85% of companies
have reported their Q4 earnings. It was noted that "the financial, healthcare, utility and tech sectors have done particularly well" but there was negative growth in the industrial and energy sectors.
Monday – February 17,
for the U.S. as the U.S. markets were closed due to the Presidents Day holiday.
Many stocks are expected to decline due to poor earnings reports for Q4 and YoY that are expected to be released in the upcoming weeks. Some of these are
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