July 1, 2020 – Icarus Signals. The home of economic insight

Coffee and Cocoa Futures continue to be pressured by demand slump

Posted on July 1, 2020 by icarussignals | 0 Comments

Cocoa (CC) and Coffee (KC) are continuing to trade at multi-year lows as demand for the staples have cratered in the face of COVID-induced consumption slump. Only months ago, market…

Dow Caps Off Best Quarter Since 1987 As Strong Economic Data Drives Gains

Posted on July 1, 2020 by TeamIcarus | 0 Comments

US stocks rose on Tuesday as better-than-expected economic data outweighed mounting concern over a second wave of COVID-19 cases. The Dow Jones industrial average's 18% gain in the three-month period…

Here’s What Happened To The Stock Market On Tuesday

Posted on July 1, 2020 by TeamIcarus | 0 Comments

The Dow gained 217.08 points, or 0.85%, to close at 25,812.88. The S&P 500 climbed 1.54% to 3,100.29. The Nasdaq Composite advanced 1.87% to 10,058.77. Stocks ended Tuesday’s session on…

US Companies Tumble Into Bankruptcy At Fastest Pace Since 2013 Under Coronavirus Stress

Posted on July 1, 2020 by TeamIcarus | 0 Comments

The coronavirus' economic fallout is fueling Chapter 11 bankruptcy filings at the fastest pace since 2013, the Financial Times reported Tuesday. US filings totaled 3,427 on June 24, according to…