Featured Commentary


Daily Updates/ Market Daily Updates

Stock Market Today: April 18, 2019

04/18/2019 The market started slightly higher today, as solid earnings reports out of American Express (AXP) and The Travelers Companies (TRV) helped improve sentiment. Too, U.S. jobless claims reached a 50-year low, while March retail sales posted a much bigger-than-expected increase of 1.6%, aided by good auto and gasoline sales. These moves caused the market to move higher in the first moments of trading with the Dow Jones Industrial Average moving nicely to the upside. However, early trading was rather choppy.
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Highlights/ StockHighlights

Dow 30 Earnings: International Business Machines First Quarter 2019

04/17/2019 International Business Machines, (IBM) a global provider of computer hardware, software, and services to companies and institutions, as well as a Dow-30 component, has released its earnings for the March quarter. Adjusted earnings of $2.25 a share met expectations, but revenues declined 4.7% year over year, or 0.9% adjusted for currency. The stock fell as much as 6% in Wednesday mid-morning trading as investors apparently were disappointed by the company's limited progress in accelerating sales of cloud computing offerings.
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Daily Updates/ Market Daily Updates

Stock Market Today: January 24, 2019

01/24/2019 The market opened slightly lower today, as fears increased about the reduced possibility of an imminent trade deal with China. This was partially exacerbated by U.S. Secretary of Commerce Wilbur Ross stating that the two countries were not close to striking a deal. Early trading was choppy, as a few strong earnings reports buoyed the broader market, and some good economic news, including a new low in jobless claims, aided stock prices. Altogether, the Dow finished down 22 points, while the S&P 500 closed higher by around four points, and the NASDAQ was up about 48 points.
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Daily Updates/ Market Daily Updates

Stock Market Today: January 23, 2019

01/23/2019 Stocks turned in a choppy session on Wednesday, rising sharply early before losing their gains along the way and ending in uneven fashion. Some of the swings can probably be traced to word that the economy might not expand at all in the first quarter, if the partial government shutdown drags on. Kevin Hassett, the Chairman of the President’s Council of Economic Advisers, was quoted saying as much this morning.
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Highlights/ StockHighlights

Dow 30 Earnings: International Business Machines Fourth Quarter 2018

01/22/2019 IBM shares were poised to move notably higher following the release of fourth-quarter financials.
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Daily Updates/ Market Daily Updates

Stock Market Today: November 7, 2018

11/07/2018 The stock market opened nicely higher this morning, and managed to advance strongly through the afternoon. Wall Street seemed relatively pleased with the results of the mid-term elections, which largely unfolded as expected. The stock market generally does not like uncertainty, and today’s rally would seem to suggest that traders are feeling more confident about the political landscape.
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Daily Updates/ Market Daily Updates

Stock Market Today: November 6, 2018

11/06/2018 The stock market started the trading day moving higher, as a slew of decent earnings reports were recorded before the opening bell. The Dow Jones Industrial Average rose by more than 150 points at midday, while the S&P 500 gained 15 points. The indices fell near 1pm, as traders pared their holdings ahead of midterm election results.
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Daily Updates/ Market Daily Updates

Stock Market Today: October 31, 2018

10/31/2018 The U.S. equity markets began the day with a strong upward move and then added to those gains before some profit takers moved in late in the session. Traders got an early shot in the arm with this morning’s report from ADP showing that October payrolls expanded by 227,000, some 60,000 ahead of estimates. Results likely reflected recoveries in the wake of Hurricanes Michael and Florence, however increases were distributed across a wide range of industries.
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Daily Updates/ Market Daily Updates

Stock Market Today: October 30, 2018

10/30/2018 The stock market rallied today, starting with the futures market, as fears about trade tensions ebbed a bit. The Dow Jones Industrial Average rose around 432 points on the day, while the S&P 500 rose by 41 points. Good economic news and solid earnings reports also helped advance the indices, which rose to daily highs near the closing bell.
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