Independent Advisor Alliance

Investors got some disappointing news about the economic rebound Thursday when the U.S. Commerce Department reported third-quarter GDP growth that fell short of economist expectations. What Happened? U.S. GDP grew just 2% in the third quarter, short of economist estimates of 2.8%. Third-quarter...

The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 1.9% in midday trading on Tuesday. Tech stocks were hit particularly hard as investors dumped Nasdaq stocks over concerns about rising 10-Year Treasury bond yields. Treasury yields are now near their highest levels since June after the Federal...

The SPDR S&P 500 ETF Trust (NYSE: SPY) dipped lower Friday morning after the Labor Department reported one of the most disappointing monthly jobs reports in recent history. The U.S. added just 235,000 jobs in August, falling well short of consensus economist estimates of 720,000 jobs. The...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.5% on Thursday morning after the Labor Department reported a 5% increase in the consumer price index in the month of May, the fastest inflation growth since the summer of 2008. What Happened: The headline CPI index rose 5% in May,...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.7% on Wednesday after the U.S. Consumer Price Index rose 4.2% in the month of April, its largest increase since September 2008. April’s inflation increase exceeded consensus economist estimates of 3.6%. Fed Not Alarmed: Federal...

The S&P 500 skyrocketed 3.2% on Monday morning following news from Pfizer Inc. (NYSE: PFE) that its coronavirus vaccine candidate is more than 90% effective. While the news triggered a broad market rally, stocks that have been hit hardest during the pandemic were some of the market’s...

The SPDR S&P 500 ETF Trust (NYSE: SPY) ripped higher by 3.2% on Wednesday as many swing states continue to count election votes. The election is shaping up to be one of the closest in history, and several analysts and experts have weighed in on what that could mean for investors in the days and...

All eyes are on Washington, D.C. this week as investors will get their first indication of who will be calling the shots from the White House for the next four years. But while President Donald Trump and former Vice President Joe Biden are getting most of the attention, the Senate races may...

Markets traded lower on Friday after U.S. President Donald Trump tested positive for the coronavirus just one month ahead of the November election. Trump and First Lady Melania Trump both tested positive shortly after top Trump aide Hope Hicks tested positive. Trump’s diagnosis comes...

The SPDR S&P 500 ETF Trust (NYSE: SPY) was trading lower by another 2.1% on Friday morning despite a better-than-expected August jobs report from the Department of Labor. The U.S. economy added 1.37 million jobs in August, topping consensus economist estimates of 1.32 million. In addition, the...

Large-cap tech stocks were hammered on Thursday, with the S&P 500 dropping 3.5% and the Nasdaq trading lower by 5%. While tech investors took a big hit on the day, the sell-off came with both the S&P 500 and the Nasdaq trading at all-time highs. The sell-off was led by Apple, Inc. (NASDAQ:...

The Last Week In A Nutshell What Happened: “The market has taken us on a roller coaster ride that no one would have believed — from the depths of March 2020, when we dropped to a level last seen in 2016 (e.g., $2,237.40 on the S&P 500) to a 51% rally back to reclaim an all...

The S&P 500 index marked a major milestone this week, closing at its first record high since the coronavirus outbreak began wreaking havoc on the U.S. economy back in February. Monday’s closing price of 3,389.78 market uncharted territory for the S&P 500, but many investors are...

The SPDR S&P 500 ETF Trust (NYSE: SPY) fell last week in the face of growing investor concern about the potential economic fallout from a resurgence in COVID-19 infections.  On Thursday, the Labor Department reported that another 1.48 million Americans filed for unemployment, exceeding...

The SPDR S&P 500 ETF Trust (NYSE: SPY) gained 2.56% on Friday after the Labor Department reported one of the most surprising monthly jobs reports of all time. The U.S. added a record 2.5 million jobs in May, beating consensus economist estimates of an 8.3 million loss. The U.S. unemployment...