Stock Market Today

Monday, October 14 2019

Daily Updates

Stock Market Today: October 11, 2019

Harvey S. Katz, CFA and Adam Rosner | 10/11/2019

The stock market opened sharply higher this morning, extended its early gains through much of the afternoon, but then softened into the close. Of note, earlier today, Wall Street seemed optimistic that some progress would result from the current round of negotiations taking place between the United States and China. Later in the day, it was reported that some positive steps had actually been achieved. By the end of the session, the Dow Jones Industrial Average was up nearly 320 points; the broader S&P 500 Index was ahead 32 points; and the NASDAQ was higher by 106 points.

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Dow 30 Earnings: NIKE, Inc. First Quarter Fiscal 2020

Erik M. Manning | 09/25/2019

NIKE a Dow-30 component that engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services, has reported fiscal 2020 first-quarter (ended August 31st) financials that surpassed expectations on both the top and bottom lines. The report included a jump in sales to China that the investment community certainly was pleased with. As a result, NKE stock rose more than 5% in afterhours trading and eclipsed the $90-a-share mark for the first time in its storied history.

The Federal Reserve Reduces Interest Rates Once More

Harvey S. Katz, CFA | 09/18/2019

In a widely telegraphed and, therefore, fully expected move, the Federal Reserve Board voted to reduce its federal funds rate target by another 25 basis points this afternoon. That was the second such rate cut in as many meetings and followed a decade in which there had been no reductions--only increases in 2017 and 2018.

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