Global Shares Rise Despite Concerning Economic Data

Published: September 23, 2020

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Global Shares Rise Despite Concerning Economic Data

World stock markets rose this morning as European shares advance despite new information that its regional economic recovery is unstable.

After Federal Reserve Chair Jermone Powell encouraged Congress to provide a new stimulus package, many traders and investors are keeping close tabs on how the coronavirus pandemic is affecting the U.S.'s economic outlook.

At a House of Representatives committee hearing Tuesday, Powell said that while the U.S. economy is improving in some areas, it's also showing signs of weakness in others after the expiration of $600 in extra weekly employment benefits.

If Congress doesn't make a decision soon, the markets aren't going to be pretty…

In today's video, I have more on how global data impacts the stock market… the best entry zone for the Dow Jones… the best buy zone for the S&P 500… and one sell zone on the Nasdaq 100.

Get today's market action

Global Markets Mixed in Struggle to Find Direction

September 22, 2020

Global stock markets are mixed this morning. Shares in Europe bounced back as Asian benchmarks continue to decline.

Global Shares Slip As Wall Street Posts Third Straight Week of Losses

September 21, 2020

Global stock markets and U.S. futures plunged this morning following Wall Street's third straight week of declines.

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