Featured Commentary


Daily Updates/ Market Daily Updates

Stock Market Today: August 26, 2020

08/26/2020 It was a slightly revised mood on Wall Street yesterday. Consumer confidence survey had fallen rather sharply in August, but data showed that new home sales had jumped in July. Beyond this mixed economic performance, the equity market was being somewhat influenced by the changes in the Dow's composition. As to the equity market, prices started to improve as the afternoon proceeded, and by the close, the S&P 500 Index and the NASDAQ were higher, with only the Dow off modestly. As to the new day, we see that the early read on the stock market on our shores is rather mixed, with the NASDAQ suggesting additional strength, but the Dow showing little movement.
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Daily Updates/ Market Daily Updates

Stock Market Today: August 25, 2020

08/25/2020 The stock market started positively yesterday, as sentiment improved concerning the coronavirus pandemic. However, the indices spent most of the day trading in a sideways fashion, not moving too far in either direction after the initial move up. However, the day ended with a strong rally, as several indices reached all-time highs. Meanwhile, there was a significant change in the constituency of the Dow Jones Industrial Average that was announced after the closing bell yesterday. Overall, we think most traders will be paying attention to earnings and economic reports today.
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Daily Updates/ Market Daily Updates

Stock Market Today: May 4, 2020

05/04/2020 The month of April was a historic one for the U.S. stock market, with the major equity averages delivering their biggest one-month gains in more than three decades. However, the bullish month ended on a cloudy note and the first trading day of the new month did not bring May flowers for investors. Meanwhile, the selling is likely to resume this morning, as investors focus on reports of escalating tensions between the United States and China over the latter country’s role in the coronavirus pandemic.
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Highlights/ StockHighlights

Dow 30 Earnings: Exxon Mobil Corp. Fourth Quarter 2019

01/31/2020 Oil giant Exxon Mobil (XOM) has reported earnings of $1.33 a share for the fourth quarter of 2019, largely helped by a $0.92 gain on the sale of assets. Excluding that item, the slide to $0.41 a share from operations for the quarter compared poorly to our estimate of $0.77 and the $1.41 posted in 2018. For the full 12 months, the company earned $3.36 a share, versus $4.88 the previous year. The slippage in operating profits had become increasing likely in recent weeks after what has been a tough year, given a lackluster industry backdrop marked by weak oil prices. The shares eased further following the earnings announcement after recently hitting a series of 52-week lows.
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Daily Updates/ Market Daily Updates

Stock Market Today: January 28, 2020

01/28/2020 The stock market started quite positively today, reboundingwell off of yesterday’s lows. A news report stated that Apple (AAPL) plans to boost iPhone production by 10% when compared to the first half of 2019. Given the company’s weight in the Dow Jones Industrial Average and S&P 500, the substantial price movement pushed the indices higher. However, quarterly earnings reports and the new 2020 outlooks for 3M (MMM) and Pfizer (PFE). The indices rose steadily throughout the session and ended not far from the highs of the day. All told the Dow closed higher by 187 points, the S&P 500 was up 33 points, and the NASDAQ rose 130 points.
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Highlights/ StockHighlights

Dow 30 Earnings: Exxon Mobil Corp. Third Quarter 2019

11/01/2019 Investorsshrug off Exxon Mobil’s third-quarter earningsdisappointment, sending shares modestly higher in early morning trading.
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Daily Updates/ Market Daily Updates

Stock Market Today: October 31, 2019

10/31/2019 The stock market started today modestly in the red, and then fell further as trade-war concerns came to the forefront. This concern followed a report that some officials from China doubted that a trade deal would be completed. Still, it ended well into the red. All told, the Dow closed lower by 140 points, while the S&P 500 was down nine points, and the NASDAQ shed 12 points.
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Daily Updates/ Market Daily Updates

Stock Market Today: August 29, 2019

08/29/2019 The stock market started quite positively today, as trade tensions between the U.S. and China eased following an encouraging statement from China . Gao Fang, a spokesman for China’s Ministry of Commerce, stated that his country  “rejects an escalation of the trade war” and is “willing to solve the problem with a calm attitude.” Overall, the Dow Jones Industrial Average closed up 326 points, the S&P 500 was higher by 37 points, and the NASDAQ gained 117 points.
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Highlights/ StockHighlights

Dow 30 Earnings: Exxon Mobil Corp. Second Quarter 2019

08/02/2019 Shares of Exxon Mobil climb modestly despite the oil giant reporting lackluster June-quarter earnings.
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