Daily Market Updates

November 22, 2017

Stocks traded mixed today after the Federal Reserve expressed concern about the impact of the market’s sharp rise on the economy in the release of their meeting minutes.   Fed officials fear what could happen to the economy if the strong markets suddenly took a turn lower.  The losses on stocks were muted by strong corporate earnings as we head into the Thanksgiving holiday.  Here’s a look at how we closed for the… Read More ›

November 21, 2017

It’s a quiet week on Wall Street with the markets closed Thursday for the Thanksgiving holiday but that didn’t stop the major indices from hitting record highs today.  The Dow, SP500 and Nasdaq all barreled through record high levels today, with momentum from tech companies ahead of the holiday shopping season.  Investors also digested strong earnings from some of the biggest US companies.  Medtronic, Hormel Foods and Dollar Tree all posted better-than-expected… Read More ›

November 20, 2017

US stocks traded higher on the day as the shortened holiday week kicked off.  Expectations of tax reform have been a positive for stocks this year and after the House passed their bill last week, the focus has shifted to the Senate who will pick up their tax reform bill next week.  It is expected to be a quiet week with the markets closed Thursday for Thanksgiving.  Here’s a look at how… Read More ›

November 17, 2017

A strong earnings report from Dow component Walmart yesterday sent those shares 10% higher to a new all-time high and added 70 points to a 180 point Dow rally, its best in 2 months, but the market opened lower today. The Dow opened -55 At the close: DOW -100 to 23358 S&P -7 to 2579 NASDAQ -10 to 6783 OIL +1.40 to 56.60 GOLD +18 to 1296 In corporate news rare good… Read More ›

November 16, 2017

Investors welcomed a strong rally on Wall Street, rebounding from consecutive declines, following strong quarterly results from Wal-Mart and Cisco Systems.  The markets also cheered a key vote on tax reform.  The House passed the bill aimed at overhauling the US tax code.  If the bill becomes law, it would immediately slash the corporate tax rate to 20% from 35%.  The House bill contains key differences from that of the Senate and… Read More ›