Daily Market Updates

March 24, 2015

Despite the volatility the markets are close to unchanged for the month and in economic news today CPI rose .2% in February and is now 1.7% higher over the last 12 months.  Both numbers were in line with expectations. As the weather starts to warm up so did the sale of newly built homes in February with a report of an 8% jump while analysts were looking for a 4% drop. That… Read More ›

March 23, 2015

U.S. Stocks traded in a narrow range Monday as investors looked ahead to a light week of economic reports amid some consolidation in currency and oil movements.  Greece debt talks remained in focus as the German Chancellor and Greek Prime Minister are set to meet in Berlin.  In economic news, existing home sales in February were up 1.2% to an annual rate of 4.88 million units, slightly below expectations.  At the close,… Read More ›

March 20, 2015

Stocks advanced to trade near highs, continuing the recent days of alternating gains and losses.  Investors weighed a weaker dollar which edged lower as the euro traded at $1.08.  The Nasdaq approached its 15 year record closing high of 5048 as the biotech stocks traded higher.  At the end of the day, all three major indices closed in the green: DOW  +168 to 18127 SP500  +18 to 2108 NASDAQ  +34 to 5026 Gold prices closed… Read More ›

March 19, 2015

US stocks traded mostly lower today as investors weighed the Federal Reserve statement from yesterday that indicated a rate hike would come gradually.  The Feds removed “patient” from its statement but lowered its December rate outlook and cut economic forecasts.  In economic news, weekly jobless claims rose slightly to 291,000 and the Philly Fed index showed a modest increase in manufacturing in March.  At the end of the day, the major indices… Read More ›

March 18, 2015

Volatility continues to be the theme on Wall Street as the market opened triple digits lower today ahead of the Federal Reserve statement on interest rates but rallied 300 points after the Fed made comments that suggested they will continue to be accommodative. In corporate news shares of Oracle were up 3% after the company reported solid quarterly earnings and raised their dividend but shares of FedEx were down 1.4% after that… Read More ›