Featured Commentary


Daily Updates/ Market Daily Updates

Stock Market Today: November 21, 2019

11/21/2019 The stock marketstartedlower today, as sentiment for a trade deal between the United States and China weakened. The higher levels of uncertainty caused the markets to fall a bit, while in other news, weekly initial jobless claims remained at a five-month high. Too, a few quarterly earnings results out of retailers were weaker than expected.  All told, the Dow closed off by 55 points; the NASDAQlost21 points; and the S&P 500 was down five points, closing in the red for the third time in a row. 
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Daily Updates/ Market Daily Updates

Stock Market Today: November 8, 2019

11/08/2019 Stocksedged higher on Friday, with the major averages closing at record highs, even as some unfavorable trade news kept a lid on sentiment.
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Daily Updates/ Market Daily Updates

Stock Market Today: November 1, 2019

11/01/2019 Stocks began the first session in November firmly to the upside, and the major U.S. indexes marched further into record territory. A slew of positive developments helped propel the markets higher.A strong jobs report got the ball rolling early on. The U.S. added 128.000 new positions in October, easily topping consensus estimates. The segments showing the biggest gains were leisure and hospitality,educationand health services, and professional and business services. Notably, the numbers would have been even stronger, were it not for the six-week GM strike, which erased 42,000 positions in the manufacturing sector. 
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Daily Updates/ Market Daily Updates

Stock Market Today: October 24, 2019

10/24/2019 The stock market started choppily today, as a slew of earnings reports hit the newswire. Specifically, the Dow Jones Industrial Average began the day lower, as lackluster quarterly results from 3M hurt the index. Each composite moved up and down in tandem, but the Dow spent the whole day in the red; the S&P 500 spent most of the day wavering between green and red; the NASDAQ was in the green the entire day. All told, the Dow closed lower by 28 points, the S&P 500 was up by six points, and the NASDAQ finished up 66 points.
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Highlights/ StockHighlights

Dow 30 Earnings: Caterpillar Inc. Third Quarter 2019

10/23/2019 Shares of Caterpillar (CAT) are down modestly in trading afterthe capital goods manufacturer reported disappointing third-quarter results. Heightened economic uncertainty, primarily due to the U.S./China trade war, resulted in a 6% year-over-year decline in sales, to $12.8 billion, which fell below our $13.6 billion call. The miss is due to the unfavorable impact of changes in dealer inventories, partially offset by higher end-user demand across the three primary segments. Specifically, dealers decreased machine and engine inventories about $400 million in the quarter, compared to a surge of $800 million in the prior-year period.
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Daily Updates/ Market Daily Updates

Stock Market Today: August 2, 2019

08/02/2019 The major U.S. equity indexes began the last session of the week in negative territory, and largely failed to make significant headway as the day wore on. On the economic front, the Labor Department reported that nonfarm payrolls swelled by 164,000 in July, while the unemployment rate remained close to its 50-year low at 3.7%. Meanwhile, the Commerce Department reported that factory orders were up 0.6% in June, following declines in the prior two months. However, traders found little solace in these positive numbers, as the markets remained unsettled after President Donald Trump indicated that additional tariffs would be imposed on China’s goods beginning on September 1st.
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Highlights/ StockHighlights

Dow 30 Earnings: Caterpillar Inc. Second Quarter 2019

07/24/2019 Shares of Caterpillar are trading lower after the manufacturerreported disappointing second-quarter results.
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Daily Updates/ Market Daily Updates

Stock Market Today: May 20, 2019

05/20/2019 Equities opened sharply lower this morning, recovered some ground in the early afternoon, but weakened again in the final hours of the day. Once again, tradersworried about deteriorating trade relations between the United States and China. More recently, the U.S. government ordered a ban on technology sales to Huawei, a leading corporation based in China. The move did not sit well with Wall Street, and likely ignited fears of a larger global slowdown. At the close of trading, the Dow Jones Industrial Average was down about 84 points; the broader S&P 500 Index was off 19 points; and the NASDAQ was lower by 114 points.
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Daily Updates/ Market Daily Updates

Stock Market Today: May 16, 2019

05/16/2019 The market started trading higher today, as solid earnings reports out of Dow components Cisco Systems and Walmart helped improvemarket sentiment. At the open, the composites started to rise considerably, and the Dow Jones Industrial Average gained as many as 230 points in the early portion of the session. Meantime, the S&P 500 was up by 40 points at its apex. However, the major market averages gave back a notable portion of the day’s gains during the afternoon. All told, the Dow closed the day up 215 points, the S&P 500 finished higher by 25 points, and the NASDAQ gained 76 points.
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