Daily Market Updates

October 22, 2018

This is the busiest week for earnings reports this quarter with 40% of the companies in the S&P 500 announcing results.  Earnings drive the market and most expect them to be strong.  The market began the week edging higher on the back of a rally in Chinese stocks after the government stepped in to support their struggling market, but it was another volatile day with the Dow trading within a more than… Read More ›

October 18, 2018

The markets fell again today as October’s struggles persist. Today’s declines add to the steep losses for the month with the Dow and SP500 already down more than 4% each, while the Nasdaq is down nearly 7% in October. Among the reasons for today’s selling were worries about the US-China trade war, rising interest rates and lingering worries about possible overvalued US tech stocks. Chinese stocks are now at a four year… Read More ›

October 17, 2018

A resurgent technology sector pushed the Dow to a 550-point gain yesterday, the best day for the market in 7 months, so we weren’t surprised to see some profit taking at the open today, but we were surprised to see the Dow drop to a 300 point loss after news that China was not yet ready for trade talks. The Dow opened -100 At the close: DOW -92 to 25707 S&P -1… Read More ›

October 16, 2018

Coming off the worst week for stocks in 7 months this week began yesterday with a volatile trading day that saw the tech heavy NASDAQ once again leading to the downside.  If we are going to find a bottom in the selloff we are going to need more strength in the technology space and that is what we saw today. The Dow opened +230 At the close, best day in 7 months:… Read More ›

October 15, 2018

The markets tried to rebound after last week’s sharp losses but a decline in tech kept a lid on gains. Netflix fell after Raymond James slashed its price target on the video streaming giant, with its shares dropping nearly 2%. Apple dropped after Goldman Sachs said the tech giant’s earnings could fall short this year as demand in China slows. And chipmakers also fell, led by a 3.5% decline in Nvidia. The… Read More ›