Global stock markets traded higher today after U.S. President Donald Trump seemed to change his earlier decision to halt talks on a second federal stimulus package. 

In the U.S., weekly jobless claims turned out worse than expected, and continued to indicate a slowdown in hiring. This highlights the fact that only half of the 22 millions jobs lost to the pandemic have been recovered. 

There’s a general agreement amid analysts and investors that we need another round of economic support, and the U.S. election could play a critical role…

In today’s video, I have more on the overall market sentiment in light of the jobless claims report… current support levels for the S&P 500 and Nasdaq 100… and two stocks showing an inside day high-trading pattern.

What to Expect as FAANG Stocks Prepare to Report

What to Expect as FAANG Stocks Prepare to Report

The major indexes slumped as investors brace for a busy week of earnings and the Federal Reserve’s latest interest rate announcement — and more in Monday’s stock market recap. The Federal Open Market Committee meeting starts on Tuesday, with the Fed expected to...

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