Daily Market Updates

January 9, 2019

Stocks posted another day in the green with a boost from the summary of the Federal Reserve’s latest meeting in December that reiterated comments from the central bank’s chairman last week about patience regarding monetary policy. There is also optimism over trade negotiations as mid-level officials from the US and China concluded today with positive feedback. The recent tone on trade has helped boost stocks to its fourth straight day of gains…. Read More ›

January 8, 2019

Stocks rose in todays’ session as large tech companies like Apple and Amazon outperformed while investors remained cautiously optimistic the US and China could move forward on a trade deal. Apple shares rose after CEO Tim Cook tried to ease some of the concerns plaguing the tech giant. Amazon, Facebook, Netflix and Alphabet also gained, adding to the so-called FAANG socks sharp rise since late December. Since the lows in December, Facebook… Read More ›

January 7, 2019

The major indices posted solid gains, adding to the massive rally from Friday, as investors pored through the latest US-China trade developments. The markets surged in the last session after Federal Reserve Chair Jerome Powell said the central bank would be “flexible” in its approach to monetary policy. Stronger than expected jobs growth also added to Fridays gains. According to Reuters, the Chinese foreign ministry said today that China and the US… Read More ›

January 2, 2019

The markets rallied into the final days of 2018, though the year still finished with the worst performance since 2008. The Dow kicked off 2019 lower but managed to recover from a nearly 400 point loss early on to close higher across the board. Disappointing economic data from around the world and lingering concerns over global trade continue to weigh on investors. Manufacturing activity in China contracted for the first time in… Read More ›

December 28, 2018

Stocks continued their roller coaster week on Wall Street with swings throughout the day from negative to positive multiple times. Looking back at the week, Monday posted the worst Christmas Eve performance in history, followed by Wednesday’s 1080 point gain and we saw the Dow reverse an over 600 point loss to close 260 points higher yesterday which was the greatest intraday reversal in over a decade. It is a light volume… Read More ›