Daily Market Updates

June 15, 2018

The markets opened sharply lower to start the day on trade concerns, but managed to close well off the lows of the day as investor worries about a US-China trade war decreased.  The Trump administration announced early today it will impose a 25% charge on up to $50 billion in Chinese goods, focused on technology.  China promptly responded with the Chinese Ministry saying it will implement tariffs on the same scale as… Read More ›

June 14, 2018

The major indices closed mixed for the day, but we saw solid gains and all-time highs in the Nasdaq as deal-making activity lifted technology and media shares.  Gains in the Dow were limited as bank stocks offset Disney gains.  Bank stocks fell after the European Central Bank said it would hold off raising rates until next year, sending Treasury yields lower.  In economic news, the Commerce Department reported retail sales rose .8%… Read More ›

June 13, 2018

Stocks reversed early gains to drop over 100 points after the Federal Reserve hiked rates as widely expected and indicated two more hikes are likely in 2018.   Participants from the Fed now expect 4 rates hikes this year, up from the three that were previously expected.  The Fed changed several phrases from its prior memos, citing more optimistic economic growth and higher inflation expectations.  At the end of the day, the major… Read More ›

June 12, 2018

US stocks held steady after the historical Trump-Kim Summit.  President Donald Trump and North Korea leader Kim Jong Un signed an agreement aimed at establishing a “peace regime” on the Korean peninsula.  Lack of detail in the agreement kept the markets in check, however.  Investors are also awaiting the announcement tomorrow after the Federal Reserve’s two-day policy meeting, in which the Feds are expected to announce a .25% increase in interest rates. … Read More ›

June 11, 2018

US stocks traded near the flat line today as investors shrugged off concerns over the G-7 meeting this past weekend at which President Donald Trump lashed out at US allies.  The highly anticipated meeting between the President and North Korean leader Kim Jong Un takes place this evening (US time) in Singapore.  And the Federal Reserve meets for their 2 day policy meeting beginning tomorrow to decide on the central bank’s latest… Read More ›