📈 Stock Market Today: GPS, DDS, M and BRK.A - Here's what you need to know:
Stocks finished mixed today. The DOW led the major indices with a 0.7% gain while the NASDAQ finished with a 0.4% loss.
Here's what happened in the markets today, Monday May 3rd.
Stocks finished mixed today. The DOW led the major indices with a 0.7% gain while the NASDAQ finished with a 0.4% loss.
Retail stocks were on fire today with Gap (GPS) up 7.2%, Dillard’s (DDS) jumping 9.7% and Macy’s (M) rallying 8.0%.
Hopes over the re-opening of the economy helped boost retail stocks. Especially after NY governor Andrew Cuomo said that most capacity caps will be lifted in New York, New Jersey and Connecticut. Cuomo also said that 24-hour subway service will resume this month.
There were conflicting messages over inflation over the last few days. On Saturday, at Berkshire Hathaway’s (BRK.B) annual shareholder meeting Warren Buffett said that he is seeing “substantial inflation” with his businesses. But Fed Chair Jerome Powell said that inflation is under control when speaking today.
Sell in May and go away? According to Bank of America the May-October has the lowest average and median returns of any 6-month period of the year. This is based on data going back to 1928.
This week, still a busy week for earnings. And on Friday the focus will be on the April Jobs Report.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
Stocks finished mixed today. The DOW led the major indices with a 0.7% gain while the NASDAQ finished with a 0.4% loss.
Retail stocks were on fire today with Gap (GPS) up 7.2%, Dillard’s (DDS) jumping 9.7% and Macy’s (M) rallying 8.0%.
Hopes over the re-opening of the economy helped boost retail stocks. Especially after NY governor Andrew Cuomo said that most capacity caps will be lifted in New York, New Jersey and Connecticut. Cuomo also said that 24-hour subway service will resume this month.
There were conflicting messages over inflation over the last few days. On Saturday, at Berkshire Hathaway’s (BRK.B) annual shareholder meeting Warren Buffett said that he is seeing “substantial inflation” with his businesses. But Fed Chair Jerome Powell said that inflation is under control when speaking today.
Sell in May and go away? According to Bank of America the May-October has the lowest average and median returns of any 6-month period of the year. This is based on data going back to 1928.
This week, still a busy week for earnings. And on Friday the focus will be on the April Jobs Report.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.