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Markets / Commentaries

Stock Market Today: August 23, 2019

Harvey S. Katz, CFA and Robert Mitkowski | 08/23/2019

Stocks closed sharply lower to end the week following news of deteriorating trade relations with China. China unveiled plans to phase in tariffs on imported U.S. goods, with September 1st set as the day for the initial round to go into effect and another layer of tariffs planned for December 15th.  

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Markets / Commentaries
Stock Market Today: August 22, 2019

Harvey S. Katz, CFA and John E. Seibert III | 08/22/2019

The stock market started out positively, continuing yesterday’s rebound. The Dow Jones Industrial Average climbed by 186 points in the early session, while the other indices were up in tandem. However, sentiment quickly turned to the downside, as two Federal Reserve board members made hawkish statements. Meantime, recession fears also increased, owing to news that the manufacturing sector has contracted for the first time in a decade according to one survey.  Still, they did not eclipse the daily highs and the NASDAQ was unable to return to the green. Overall, the Dow closed higher by 50 points, while the S&P 500 was barely below breakeven at the close, and the NASDAQ fell 29 points.

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Markets / Commentaries
Stock Market Today: August 21, 2019

Harvey S. Katz, CFA and Adam Rosner | 08/21/2019

The stock market moved strongly higher earlier this morning, and managed to hold onto these gains through the afternoon. Investor sentiment turned positive today after a batch of retailers delivered encouraging reports. This likely helped overshadow fears that the domestic economy may be starting to slow, and that the trade dispute between the United States and China is creating major challenges.

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Stocks / Highlights
Dow 30 Earnings: The Home Depot Fiscal Second Quarter 2019

Matthew E. Spencer, CFA | 08/20/2019

Shares of The Home Depot rose after the home-improvement retailer released fiscal 2019 second-quarter results.

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Markets / Commentaries
Stock Market Today: August 20, 2019

Harvey S. Katz, CFA and Adam Rosner | 08/20/2019

Equities opened lower this morning, briefly managed to reverse course, but then weakened again, and remained under pressure for the rest of the session, closing with a burst of selling. Today, investors seemed worried that a recession here in the United States could be on the horizon, and that some of the weakness brewing overseas could eventually make its way to our shores. After the late day selling, the Dow Jones Industrial Average was down 173 points; the broader S&P 500 Index was off 23 points; and the NASDAQ was lower by 54 points.

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Markets / Commentaries
Stock Market Today: August 19, 2019

William G. Ferguson and John E. Seibert III | 08/19/2019

The stock market started positively today, as a rebound from last week’s selloff continued. Additionally, the U.S. government extended the time that Chinese technology firm Huawei could buy supplies from U.S. companies for an additional 90 days. Investors viewed this as an easing of trade tensions between the two countries and, thus, bolstered the major market composites. All told, the Dow closed higher by 250 points, the S&P 500 rose by 35 points, and the NASDAQ gained 107 points.

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Markets / Commentaries
Stock Market Today: August 16, 2019

Harvey S. Katz, CFA and Mario Ferro | 08/16/2019

The major U.S. equity indexes started the last session of a volatile trading week firmly in positive territory, and stocks ended the day up sharply. In economic news, the Commerce Department reported that housing starts were down 4%, to an annual rate of 1.19 million. However, building permits (a more forward-looking indicator) increased 8.4%, to a yearly rate of 1.34 million. The markets, though, largely looked past these numbers, and continued to bob and weave along with developments on the U.S.-China trade situation.

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Stocks / Highlights
Dow 30 Earnings: Walmart Inc. Fiscal Second Quarter 2019

Kevin Downing | 08/15/2019

Walmart shares trade modestly higher on the release of the retail giant’s solid fiscal second-quarter financial results and increased guidance.

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Stocks / Highlights
Dow 30 Earnings: Cisco Systems Fiscal Fourth Quarter 2019

Kevin Downing | 08/15/2019

Networking equipment and software provider Cisco Systems (CSCO) reported in-line results for the fiscal fourth quarter (year ended July 31st). However, guidance was below expectations and the shares are down moderately in response.

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