Markets / Commentaries
Stock Market Today: November 22, 2019
Harvey S. Katz, CFA | 11/22/2019
The stock market, a casualty of the trade tension with China, beganThursday's session with additional losses. In all, on a day in which declining stocks held a lead on advancing issues, the Dow Jones Industrial Average would ease by 55 points; the S&P 500 Index would fall five points; and the NASDAQ would drop by 21 points. As to the new day, the U.S. equity futures are pointing to a higher start when trading resumes this morning as investors monitor the trade standoff.
Markets / CommentariesStock Market Today: November 21, 2019
Harvey S. Katz, CFA and John E. Seibert III | 11/21/2019
The stock market started lower 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 NASDAQ lost 21 points; and the S&P 500 was down five points, closing in the red for the third time in a row.
Markets / CommentariesStock Market Today: November 20, 2019
Harvey S. Katz, CFA and Robert Mitkowski | 11/20/2019
Stocks fell on Wednesday, but finished off of their lows, as trade talks with China showed signs of slipping into next year without progress. The market opened moderately lower on the lack of a catalyst. Truthfully, a lot went right on Wall Street in recent weeks when the major averages were setting record highs. Optimism that a trade deal with China could be reached, solid corporate earnings, lower interest rates, and the feeling that the economy would pick up in 2020 combined to fuel a surge in stocks.
Stocks / HighlightsDow 30 Earnings: The Home Depot Fiscal Third Quarter 2019
Matthew E. Spencer, CFA | 11/19/2019
Shares of The Home Depot dipped after the home-improvement retailer released mixed fiscal 2019 third-quarter results.
Markets / CommentariesStock Market Today: November 19, 2019
Harvey S. Katz, CFA and Adam Rosner | 11/19/2019
The stock market put in a mixed session today, as traders digested the latest batch of corporate earnings announcements, and kept an eye on developments overseas. At the end of the day, the Dow Jones Industrial Average was down 102 points; the broader S&P 500 Index was off two points; but the NASDAQ was higher by 21 points.
Markets / CommentariesStock Market Today: November 18, 2019
William G. Ferguson and John E. Seibert III | 11/18/2019
The futures market started positively, as an interest-rate cut in China buoyed the S&P 500 futures to an all-time high. The accommodative policy was seen as a positive by many traders. But by the time the stock market opened, this move higher was erased, as concerns about U.S. trade negotiations with China took hold. The Dow, S&P 500, and NASDAQ reached all-time highs during the session. Then, the composites tapered off in the final portion of trading and ended not too far off of breakeven levels. All told, the Dow closed higher by 31 points, the S&P 500 finished up two points, and the NASDAQ.
Markets / CommentariesStock Market Today: November 15, 2019
Harvey S. Katz, CFA and Mario Ferro | 11/15/2019
The markets began the day with a push to the upside, and stocks went on to set all-time highs. On the economic front, the U.S. Census Bureau estimated that October retail sales were up 0.3% from the previous month and 3.1% higher than the year before. Elsewhere, industrial production took a hit last month, falling 0.8%. This marked the largest drop since May of last year. However, much of that was due to the 40-day work stoppage at General Motors (GM). Excluding the auto industry, production would have been down 0.5%, in line with consensus expectations.
Stocks / HighlightsDow 30 Earnings: Walmart Inc. Fiscal Third Quarter 2019
Kevin Downing | 11/14/2019
Walmart shares trickle lower following the release of the retail giant’s fiscal third-quarter financial results.
Stocks / HighlightsDow 30 Earnings: Cisco Systems Fiscal First Quarter 2020
Kevin Downing | 11/14/2019
Networking equipment and software maker Cisco Systems (CSCO) reported mixed results for the October quarter and provided a cautious outlook on its operating environment, causing the shares to decline moderately in price.