STOCK MARKET WATCH - Wednesday, 29 July 2020

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 29 July 2020

Previous SMW:
SMW for 28 July 2020




AT THE CLOSING BELL ON: 28 July 2020


Dow Jones 26,379.28 -205.49 (0.77%)
S&P 500 3,218.44 -20.97 (0.65%)
Nasdaq 10,402.09 -134.18 (1.27%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:





Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not

be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[progree]

1. The FIRST estimate of 2nd quarter GDP is due out this Thursday at 930 AM ET

Last edited Tue Jul 28, 2020, 10:36 PM - Edit history (1)

and it's expected to be down 35% on an annualized basis, per MarketWatch's economists (median forecast). I'm not predicting the stock market is going to plunge unless it's way worse than expected, which I don't think it will be. Just that it will be an interesting report. It will be here: http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

https://www.marketwatch.com/economy-politics/calendar

The median forecasts that MarketWatch publishes each week in the economic calendar come from the forecasts of the 15 economists who have scored the highest in our contest over the past 12 months, as well as the forecasts of the most recent winner of the Forecaster of the Month contest.

EDITED TO ADD: Also, the weekly unemployment insurance claims report comes out at the same time. I hope and pray someone won't misleadingly post that 17 million are collecting unemployment insurance benefits (continuing claims). No, that's just the traditional state programs. The total, including the federal Pandemic Unemployment Assistance (PUA), was 31.8 million in last Thursday's report.