Quiet Monday for Stocks

It’s a fairly quiet Monday. We’re heading to the heart of earnings season. On Friday, shares of Ericsson (ERIC) jumped 13% on a good earnings report. It’s up again today. Shares of Trex (TREX) are also near a new 52-week high.

Oxford University had a coronavirus vaccine that tested well in early trials.

There’s not much in the way of economic news today. Tomorrow, the Senate Banking Committee will vote on two of President Trump’s nominees for the Federal Reserve Board. One appointee is Christopher J. Waller, and his selection isn’t very controversial.

However, the other one is Judy Shelton and she may get significant opposition, even from Republicans. She called for a return to the gold standard.

We’ll have lots of earnings news this week.

Posted by on July 20th, 2020 at 9:47 am


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