Daily Market Updates

May 17, 2016

After yesterdays’ strong rally, the major indices closed sharply in the red today, despite gains in oil prices, as investors look ahead to the release of the Fed minutes tomorrow and consider the prospects of a more active Fed.  In economic news, the Consumer Price Index rose .4% in April, showing the fastest monthly increase in 3 years, and housing starts rose 6.6% in April.  At the end of the day, the… Read More ›

May 13, 2016

It was a volatile day on Wall Street Friday as stocks began the session in positive territory, only to see gains vanish on heavy volume as the Dow dipped almost 200 points in afternoon trading.  Treasury yields were mixed, with the 2-year yield unchanged at 0.75% and the 10-year ending lower at 1.7%.   Dow – 185  to 17,535 S&P 500 – 17 to 2046 Nasdaq – 19 to 4717 Gold +… Read More ›

May 12, 2016

US stocks traded mixed today and struggled for gains, with telecoms leading and health care lagging, as investors eyed oil prices.  In economic news, weekly jobless claims rose to 294,000 while import prices rose .3% in April and export prices rose .5%.  At the end of the day, the major indices closed mixed: DOW  +9 at 17720 SP500   flat at 2064 NASDAQ    -23 at 4737 10 Year Treasury closed up 2 basis points… Read More ›

May 11, 2016

The Dow closed down more than 200 points, posting its worst day since 2011 as retail plunged following some disappointing earnings and despite sharp gains in oil after news of a surprise inventory draw was released.  At the end of the day, the major indices were pressured across the board: DOW  -217 at 17711 SP500   -19 at 2064 NASDAQ    -49 at 4760 10 Year Treasury closed down 2 basis points to yield 1.73%… Read More ›

May 10, 2016

The markets posted solid gains with the Dow logging its biggest daily gain in nearly 2 months, after help by weakness in the yen against the dollar and gains in oil prices.  A lot of the days moves were credited to a move higher in oil, moving up 3%.  At the end of the day, the major indices closed in green across the board: DOW  +222 at 17928 SP500   +25 at 2084 NASDAQ  … Read More ›