Daily Market Updates

August 16, 2018

The markets had traded lower 5 of the last 6 days as concern about Turkey’s economic woes spreading to other countries has weighed on the markets, but that was all forgotten this morning when news the US and China will renew trade talks within the next 2 weeks sent the markets sharply higher. The Dow opened +150 > +440 At the close: DOW +396 to 25559 S&P +22 to 2840 NASDAQ +32… Read More ›

August 15, 2018

A rally in the Turkish Lira yesterday helped mitigate some of the concerns about Turkey’s struggling economy and sent the Dow 112 points higher, but those concerns returned today weighing on the market throughout the day. The Dow opened down 150 points and dropped to a 330 point loss at the lows. At the close:  5th down day in the last 6 sessions DOW -137 to 25163 S&P -21 to 2818 NASDAQ… Read More ›

August 14, 2018

Stocks rose today, with the Dow snapping a 4 day slide, as a rebound in the Turkish lira from an all-time low lifted investor sentiment.  The Turkish currency has been under pressure recently as market watchers became jittery over rising tensions between Turkey and the US last week but the lira managed to rise over 7% today.  Emerging markets followed the currency higher, helping to lift international markets.  Tech shares also contributed… Read More ›

August 13, 2018

Stocks traded lower as the financial crisis in Turkey sent its currency tumbling last week, dampening investor sentiment around the world.  The Turkish lira, which briefly tumbled more than 20% on Friday, reached a fresh record low today before regaining some footing.  There are several retail economic reports that will come in this week and we are nearing the end of the earnings season so the markets are really moving on the… Read More ›

August 10, 2018

Stocks fell triple digits to end the week as geopolitical concerns pushed the Turkish currency to a record low against the dollar and rattled investors.  Bank shares led the way lower in the US as Bank of America, Goldman Sachs and Morgan Stanley all dropped more than 1%.  The drop came after a Turkish delegation returned from Washington with no apparent progress being made on the detention of American Pastor.  President Trump… Read More ›