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Markets / Commentaries

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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Markets / Commentaries
Stock Market Today: October 10, 2019

William G. Ferguson and John E. Seibert III | 10/10/2019

The futures market was quite volatile as rumors flew about the U.S. trade negotiations with China. But by the time the stock market opened, prices were well into the green. The move higher was aided by a report stating that President Trump was going to meet with the Chinese Vice Premier Liu for high-level negotiations tomorrow. However, sentiment reached an overbought condition, and the markets tapered off throughout much of the second half of the trading session. Even so, the composites retained most of the day’s gains and staged a small move up in the last portion of the day. Overall, the Dow closed higher by 151 points, the S&P 500 was up 19 points, and the NASDAQ gained 47 points.

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Markets / Commentaries
Stock Market Today: October 9, 2019

Robert Mitkowski and John E. Seibert III | 10/09/2019

After yesterday’s substantial decline, the stock market started in the green today. A report stated that China is open to a partial trade deal with the United States, while another asserted that an offer to buy more U.S. agricultural products was on the table to reach an agreement. Traders received the news positively, and the Dow Jones Industrial Average was higher by 205 points in the first few moments of the trading session. The other indices were up as well.

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Markets / Commentaries
Stock Market Today: October 8, 2019

Harvey S. Katz, CFA and Mario Ferro | 10/08/2019

Markets started the session with sizable losses, and failed to gain much traction as the morning wore on. Although stocks did show some life down the stretch, late afternoon selling dragged the major indexes to their lows for the day. Not surprisingly, trade relations between the U.S. and China continued to be a major factor.  

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Markets / Commentaries
Stock Market Today: October 7, 2019

William G. Ferguson and Adam Rosner | 10/07/2019

Stocks opened lower this morning, managed to cross back into positive territory around midday, but retreated again in the afternoon. By the end of trading, the Dow Jones Industrial Average was down about 96 points; the broader S&P 500 Index was off 13 points; and the NASDAQ was lower by 26 points.

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Markets / Commentaries
Stock Market Today: October 4, 2019

Harvey S. Katz, CFA and Adam Rosner | 10/04/2019

The stock market opened higher this morning, and managed to extend its gains through the late afternoon. Of note, traders seemed to be feeling a bit better about the economy today. The September jobs report, while not overly encouraging, probably helped calm investor fears about a worse outcome. By the end of the session, the Dow Jones Industrial Average was ahead 372 points; the broader S&P 500 Index was up 41 points; and the NASDAQ was higher by 110 points.

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Markets / Commentaries
Stock Market Today: October 3, 2019

Harvey S. Katz, CFA and Adam Rosner | 10/03/2019

Stocks began the day on a brief constructive note. However, at 10 AM (EDT) the market sold off sharply, after the release of another disappointing economic report. Nonetheless, the pullback turned out to be short lived, as the averages quickly reversed direction and moved into positive territory in the late morning. At the end of trading today, the Dow Jones Industrial Average was ahead 122 points; the S&P 500 Index was up 23 points; and the NASDAQ was higher by 87 points.

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Markets / Commentaries
Stock Market Today: October 2, 2019

Harvey S. Katz, CFA and Adam Rosner | 10/02/2019

The stock market moved sharply lower this morning, managed to pare its losses somewhat in the afternoon, before retreating again at the end of the day. Lately, traders seemed to be concerned that the economy in the United States may be starting to falter. Sentiment has become less supportive, as some recently-released economic reports fell short of expectations. At the end of the session, the Dow Jones Industrial Average was down about 494 points; the broader S&P 500 Index was off 53 points; and the NASDAQ was lower by 123 points.

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Markets / Commentaries
Stock Market Today: October 1, 2019

William G. Ferguson and John E. Seibert III | 10/01/2019

The stock market started in the green today, as a continuation of yesterday’s action occurred in the early portion of the session. Indeed, the Dow Jones Industrial Average was higher by as many as 129 points, while the other indices were up in tandem. However, news broke that the ISM manufacturing index fell to its lowest level since June 2009. The market quickly gave up all of its gains and moved well into the red. Indeed, the Dow tumbled several hundred points in short order, and the composites continued to move lower throughout the early afternoon. The Dow found itself down 347 points at one time. The final portion of the session could be characterized by sideways action, but the indices did bounce a bit off of their lows. All told, the Dow finished the day lower by 344 points, while the S&P 500 was down 37 points.

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