Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Financials Down Amid Concerns About Sustainability Of Stock Gains -- Financials Roundup

11/25/2020 | 04:58pm EST

Shares of banks and other lenders and money managers gave back some of their recent gains as investors fretted about the sustainability of the "risk rally" in global markets.

Buoyed by a clear election result and vaccine developments, the broad Standard & Poor's 500 has added more than 10% in November, making it one of the strongest months on record, according to Sam Stovall, chief investment strategist at research firm CFRA.

Still, a review of charts by the CFRA strategists suggests that a strong November can end up "stealing from Santa" as the traditional seasonal strength in the stock market could ebb towards the end of the year.

"Investors should be careful not to get carried away, however, since history warns (but does not guarantee) that December's return could end up delivering a lump of coal," the CFRA strategists said, in a note to clients.

Federal Reserve officials this month discussed ways to provide more concrete guidance about their plans to continue purchases of Treasury and mortgage-backed securities, according to minutes from the early-November meeting.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-25-20 1657ET

Latest news "Economy & Forex"
11:16aCYNERGISTEK : Reports an Uplift in Professional Services from Organizations Who Delayed Cybersecurity Plans Due to Covid-19
BU
11:11aEU looks to Tesla, BMW and others to charge $3.5 billion battery project
RE
11:00aStocks rise on earnings boost; U.S. Treasury yields lower
RE
10:57aNFL : Washington hire King as league's first Black woman assistant coach
RE
10:55aChampagne loses its fizz as pandemic hits sales
RE
10:52aGOVERNMENT OF ROMANIA : Press statements by Prime Minister Florin Cîţu
PU
10:45aIMF cuts Britain's 2021 growth outlook after COVID surge
RE
10:38aDollar retreats as riskier currencies rebound
RE
10:36aU S TRAVEL ASSOCIATION : .S. Travel Praises Confirmation of Treasry Secretary Yellen
PU
10:36aCorrection to Consumer Confidence Article
DJ
Latest news "Economy & Forex"