Daily Market Updates

April 19, 2018

Stocks took a breather in the earnings rally today as interest rates were on the rise.  Wall Street watched the 10-year Treasury yield break above 2.9%.  There was also downward pressure on the markets following a disappointing forecast from a major Asian chipmaker which dragged the technology sector lower.  Stocks did pare some losses near the close after Bloomberg reported that Deputy Attorney General Rod Rosenstein will tell President Trump he is… Read More ›

April 18, 2018

Stocks rose slightly today as big US companies reported strong quarterly results, lifting investor sentiment.  The corporate earnings season has gotten off to a strong start with 79% of the SP500 companies that have reported through today surpassing expectations.  On the economic front, the Federal Reserve said in the latest Beige Book the US economic outlook remains positive, but noted that steel prices are rising due to tariffs.  At the end of… Read More ›

April 17, 2018

The major indices continued their move higher as Netflix surged to all-time highs and investor sentiment was boosted by strong earnings reports of some of the biggest US companies.  Wall Street has high expectations for this earnings season, with analysts expecting a 17.3% increase in first quarter earnings, according to FactSet.  At the end of the day, the major averages closed solidly higher across the board: DOW  +213 at 24786 SP500   +28 at… Read More ›

April 16, 2018

The markets soared today as Syria fears eased and earnings were in focus.  The US military conducted precision missile strikes over the weekend against the Syrian government as a response to a chemical attack carried out in the country.  Investors are keeping a close eye on any response from Russia and Syria.  You also have focus on corporate earnings, with more than 58 SP500 companies reporting this week.  Here’s a look at… Read More ›

April 13, 2018

The markets closed lower as several banking companies weighed down the major indices on the final day of an otherwise strong week for equities.  Citigroup, Wells Fargo and J.P. Morgan Chase all reported quarterly earnings and revenue that surpassed expectations.  Bank shares initially traded higher before falling, as the strong results were already priced into the market.  Expectations for this earnings season are high, with SP500 earnings forecast to have grown by… Read More ›