Markets / Commentaries
Stock Market Today: March 29, 2017
Harvey S. Katz, Robert Harrington, and Adam Rosner | 03/29/2017
Stocks got off to a lackluster start this morning, but managed to put in a selectively constructive session. At the close of trading, the Dow Jones Industrial Average was down 42 points; the broader S&P 500 Index was ahead three points; and the NASDAQ, which displayed some leadership, was higher by 22 points.
Markets / CommentariesStock Market Today: March 28, 2017
Harvey S. Katz and Robert Harrington | 03/28/2017
The Dow Jones Industrial Average broke its eight-day slide on Tuesday during a broad-based rally that saw each index charge higher. Blue chips and small-caps alike were swept up in the bullish resurgence, which persisted from about 10 A.M. until the final hour of trading. A surprisingly positive consumer sentiment reading catalyzed the mid-morning turnaround, perhaps reminding investors of the bigger picture in the wake of last week’s disappointing healthcare update from Washington.
Markets / CommentariesStock Market Today: March 27, 2017
William G. Ferguson and Adam Rosner | 03/27/2017
Stocks opened sharply lower this morning, but managed to recover quite a bit in the afternoon. At close of the session, the Dow Jones Industrial Average was down roughly 46 points; the broader S&P 500 Index was off slightly; and the NASDAQ was ahead 12 points. Market breadth was largely mixed, with decliners about even with advancers on the NYSE.
Markets / CommentariesStock Market Today: March 24, 2017
Harvey S. Katz, Mario Ferro, and Adam Rosner | 03/24/2017
Equities pressed ahead this morning, weakened in the early afternoon, before rebounding sharply late in the session, and subsequently wilting again near the close. Of note, traders were taking their cue from Washington, where politicians are currently debating the nation’s healthcare system. At the close of the session, the Dow Jones Industrial Average was off 60 points; the broader S&P 500 Index was down two points; and the NASDAQ was up 11 points.
Markets / CommentariesStock Market Today: March 23, 2017
Harvey S. Katz, Robert Harrington, and Adam Rosner | 03/23/2017
Stocks pressed higher earlier today, but softened considerably in the afternoon on disappointing news out of Washington. At conclusion of trading, the Dow Jones Industrial Average was down five points, while the broader S&P 500 Index was off two points, and the NASDAQ was lower by four points.
Stocks / HighlightsDow 30 Earnings: NIKE, Inc. Third Quarter Fiscal 2017
Erik Manning | 03/22/2017
Sports footwear and apparel maker NIKE, which is also a Dow-30 member, has reported financial results for its fiscal third quarter (ended February 28th). Earnings bested both our and Wall Street's expectations by a handsome margin, but the revenue figure was a bit below consensus. Investors chose to focus on the top-line shortfall in the trading hours following the release, and the stock was down more than 6% on the news.
Markets / CommentariesStock Market Today: March 22, 2017
Harvey S. Katz, William G. Ferguson, and Robert Harrington | 03/22/2017
Stocks rallied in the final hour of Wednesday’s trading, with investor sentiment improving modestly compared to yesterday’s widespread selloff. The indexes were a bit more buoyant throughout, save for the Dow Jones Industrial Average, which spent most of the session in negative territory, with a closing loss of 7 points. But, while the S&P 500 and tech-centric NASDAQ traded in the black after initial softness in the opening hours, a bearish undertone due to persistent selling of small-cap equities held overall market breadth back.
Markets / CommentariesStock Market Today: March 21, 2017
Harvey S. Katz and Adam Rosner | 03/21/2017
Stocks opened moderately higher today, but soon slipped into negative territory. Further, by the close of trading, the major averages were unable to successfully recover any ground. Specifically, the Dow Jones Industrial Average was down 238 points; the broader S&P 500 Index was off 29 points; and the NASDAQ was lower by 108 points.
Markets / CommentariesStock Market Today: March 20, 2017
William G. Ferguson and Robert Harrington | 03/20/2017
U.S. stocks were largely range-bound on Monday, toggling in and out of positive territory at several points between the bells. The majority of equities finished the day lower than when they came in, as profit taking and rotational trading were dominant trends throughout. The modest sell-off was bolstered by activity in the small- and mid-cap markets, as declining shares outnumbered advancers. This was a shift from the positive tone underlying trading late last week, albeit a slight one.