Daily Market Updates

December 13, 2018

Stocks seesawed today while investors digested new developments in the ongoing US-China trade war and Wall Street’s volatile week approached its end. Yesterday Reuters reported Chinese state-owned companies had bought at least 500,000 tons of US soybeans which was the first major US soybean purchase in more than six months, a positive sign out of China. President Trump also said he would intervene in the case against the Huawei CFO if it… Read More ›

December 12, 2018

The Dow opened 350 points higher yesterday on China trade news but gave up the entire gain by the close.  More optimism about a China trade deal today sent the Dow 300 points higher at the open but, unlike yesterday, the opening advance held throughout the day until a sell program in the last 5 minutes erased half the gain. At the close: DOW +157 to 24527 S&P +14 to 2651 NASDAQ… Read More ›

December 11, 2018

The volatility we have been seeing for the past few weeks continued today with the Dow Industrial average trading within a nearly 600-point range before closing modestly lower.  Good news on China trade sparked a 360- point rally at the open that turned into a 200 point loss on concerns about a government shutdown. At the close: DOW -53 to 24,370 S&P -1 to 2637 NASDAQ +11 to 7032 OIL +.70 to… Read More ›

December 10, 2018

After a 3-day 1400 point drop for the Dow Industrial average it was another volatile day today with the market opening fractionally lower, but dropping sharply when England announced a delay in the Brexit vote.  At the low the Dow was down more than 500 points but, unlike the last few days, it rallied all the way back to close with a gain. At the close: DOW +34 to 24423 S&P +4… Read More ›

December 4, 2018

After a 6 day rally that saw the S&P 500 gain 6% we weren’t surprised to see some profit taking ahead of tomorrow’s National Day of Mourning during which the stock market will be closed, but we didn’t expect to see the index drop 3.2%, giving up more than 50% of recent gains.  The focus today was on a flattening yield curve which some believe may be pointing to slower economic growth…. Read More ›