Daily Market Updates

September 15, 2017

U.S. stocks rose Friday as all major indexes notched new all-time highs with technology companies adding most to gains.  Investors shrugged off another missile launch by North Korea and a terrorist attack in the UK apparently on renewed optimism that a tax reform bill will reach the president’s desk this year.  Oil also added to gains made earlier this week while treasuries and gold were little changed on the day.  At the… Read More ›

September 14, 2017

U.S. stocks traded mixed Thursday with the Dow setting a new all-time high helped most by Boeing shares on new order announcements and energy companies on continued strength in oil prices.  Holding markets back were higher than expected inflation numbers that increase the likelihood the Fed will tighten monetary policy later this year.  Meanwhile treasury yields remained steady at 2.2% and gold ended slightly higher on the day.  At the close… Dow… Read More ›

September 13, 2017

U.S. stocks traded slightly higher making new all-time highs on Wednesday even as a decline in tech stocks capped gains on the major indexes.  Energy companies supplied most of the gains on a better than 2 percent rise in oil prices but Apple continued lower by about 1 percent on concerns that high prices may scare consumers away from new IPhone offerings this fall.  Meanwhile, treasury prices continued lower with the 10… Read More ›

September 12, 2017

U.S. stocks added to yesterday’s big rally with financials leading in response to rising yields in long term treasury bonds.  The S&P 500 moved further into record territory while the Dow and Nasdaq approach all-time highs set earlier this year.  A combination of diminished concerns over North Korea and lower than expected hurricane damages seem to have emboldened investors.  Oil prices are steady today holding above $48 a barrel and gold remained… Read More ›

September 11, 2017

U.S. stocks rose sharply on Monday as the damage from Hurricane Irma didn’t appear to be as bad as feared and Kim Jong Un chose to hold a party to celebrate Foundation Day rather than opting for another missile launch.  All major indexes were holding more than 1% higher in the final hour of the session with financials and technology companies adding most to gains.  Meanwhile, energy prices firmed rising more than… Read More ›