Markets / Commentaries
Stock Market Today: December 19, 2018
Harvey S. Katz, CFA | 12/19/2018
The Dow Jones Industrial Average, off a combined one thousand points this past Friday and Monday, began the session yesterday nicely to the upside, quickly rebounding to show a gain north of 300 points, climbing back to just shy of 23,930. The other averages also acquitted themselves well, although lagging somewhat behind the Dow.
Markets / CommentariesStock Market Today: December 18, 2018
Harvey S. Katz, CFA and John E. Seibert III | 12/18/2018
Stock trading started off strong this morning, as the broader indices rallied from a two-day selloff that brought the Dow Jones Industrial Average down more than 1,000 points. In all, the Dow rose 334 points in early market action on good economic news, and the S&P 500 gained 28 points. However, the market started moving up and down, until it decidedly broke lower in the latter part of the day. The S&P 500 made a fresh 52-week low, while the Dow traded just above that level. Still, stocks rebounded a bit in the final portion of the session. All told, the Dow finished up about 83 points, while the S&P 500 broke even.
Markets / CommentariesStock Market Today: December 17, 2018
Harvey S. Katz, CFA and Robert Mitkowski | 12/17/2018
Stocks fell sharply to open the week as investors gave greater weight to indications of slower economic growth and the effects of unresolved trade tensions with China. On the day, the Dow Jones Industrial Average tumbled 508 points; the NASDAQ slumped 157 points; and the S&P 500 declined 54 points. Market breadth affirmed the bearish tone, as decliners widely outpaced advancing issues.
Markets / CommentariesStock Market Today: December 14, 2018
Harvey S. Katz, CFA and John E. Seibert III | 12/14/2018
Today’s stock market trading was rather unsettling, as the indices primarily fell on weaker economic growth prospects abroad. Indeed, China’s economy showed another sign of weakening in its industrial production output, while the Eurozone PMI fell to its lowest level in four years. The Dow Jones industrial Average headed lower in the early part of the trading session, and made a series of lower highs and lower lows throughout the course of the day.
Markets / CommentariesStock Market Today: December 13, 2018
Harvey S. Katz, CFA and John Seibert III | 12/13/2018
The markets started trading higher in the futures market, as news that China’s government had bought around 500,000 tons of soybeans from the United States broke. This represented the first major purchase from that country in several months, and caused investor sentiment to improve concerning a trade deal between the two countries. The Dow Jones Industrial Average rose by around 215 points in early market trading, while the S&P 500 added 19 points. However, sentiment trailed off during the session, and the indices made a series of lower highs and lower lows, causing the markets to give up much of the day’s gains.
Markets / CommentariesStock Market Today: December 12, 2018
Harvey S. Katz, CFA and Robert Mitkowski | 12/12/2018
Stocks bounced nicely on Wednesday on favorable news regarding trade relations with China. That nation has indicated a willingness to allow greater access to its markets, as well as increase its purchases of U.S. products, including soybeans.
Markets / CommentariesStock Market Today: December 11, 2018
Harvey S. Katz, CFA and Adam Rosner | 12/11/2018
Stocks opened nicely higher this morning, slipped into negative territory around midday, partially recovered in the afternoon, and closed on a mixed note. At the end of the session, the Dow Jones Industrial Average was down 53 points; the broader S&P 500 Index was off one point; and the technology-heavy NASDAQ was higher by 11 points. Market breadth was neutral today, with winners about even with losers on the NYSE. Leadership was found in the technology and consumer names, offsetting weakness in the industrials and financial issues.
Markets / CommentariesStock Market Today: December 10, 2018
William G. Ferguson and Adam Rosner | 12/10/2018
The stock market got off to a weak start this morning, but managed to recover considerable ground as the session progressed. By the close of trading, the major averages landed in positive territory. Specifically, the Dow Jones Industrial Average was ahead about 34 points; the broader S&P 500 Index was up five points; and the technology-heavy NASDAQ was higher by 51 points. Meanwhile, market breadth showed a somewhat divided session, with decliners outnumbering advancers on the NYSE. From a sector perspective, the energy and financial issues moved lower, while the technology names managed to press ahead.
Markets / CommentariesStock Market Today: December 7, 2018
Harvey S. Katz, CFA and Mario Ferro | 12/07/2018
The major U.S. indexes started the last trading session of the week with a slight uptick, but the bears quickly regained control and the selling generally accelerated as the day wore on. On the economic front, the U.S. monthly employment report for November showed that 155,000 jobs were created, while the unemployment rate remained unchanged at a 49-year low of 3.7%.