The Dow caps off the first half of the year with losses. Todd Gordon of Ascent Wealth Partners and Steve Chiavarone of Federated Hermes discuss where it could head in the third quarter and beyond.
Not all of the Dow stocks are winners, though, says Gordon.. Prices have firmed in the second quarter, [but] there's just a ton of supply in the market … so it's going to cap prices," said Gordon.
Federated Hermes portfolio manager Steve Chiavarone expects broader markets to extend the second-quarter rally, though is hedging cautiously in case of any bumps on the road higher. "The overarching theme here is that we are transitioning from recession to recovery. Now what's the strength of that recovery going to be? That's going to be largely dependent on how the Covid cases develop particularly across the Southern and Western region," Chiavarone said during the same segment."For the first time in a long time, we took a little bit out of value sectors in the U.S.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One dead, one injured in shooting near Seattle's Capitol Hill Organized Protest zoneTwo previous shootings in the zone left one person dead and two injured, and on June 22, Seattle officials ordered those occupying the area to leave.
Read more »
Stock market live today: Dow jumps 100 points, Pfizer's vaccine shows promise, new quarterStocks started the quarter in the green today, getting a boost from a strong private payrolls report and positive data on a coronavirus vaccine from Pfizer. Follow along with the latest stock market news here:
Read more »
S&P 500 poised for best quarter since 1998; Boeing weighs on DowThe S&P 500 on Tuesday was poised to close out its best quarter in more than two decades as improving economic data bolstered investor beliefs that a stimulus-backed rebound for the U.S. economy was on the horizon.
Read more »
Dow closes out best quarter since 1987 – investors weigh in on what comes nextThe Dow Jones Industrial Average just wrapped up its best quarter since 1987. Four experts discuss what they're looking forward to for the rest of the year.
Read more »
Dow futures bounce around as investors await Powell, Mnuchin testimony on the coronavirus responseU.S. stock-index futures see muted trading early Tuesday as investors awaited a congressional hearing featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to rising coronavirus cases.
Read more »