Daily Market Updates

November 19, 2015

US stocks traded slightly lower today as investors look for further indications of support for a December rate hike from data and Fed speakers.   At the end of the day, the major averages closed mildly lower across the board: DOW  -4 to 17732 SP500   -2 to 2081 NASDAQ    -1 to 5073 10 Year Treasury traded down 2 basis points to yield 2.24% Oil prices closed -.23 at 41.71 a barrel Gold prices closed… Read More ›

November 18, 2015

The US markets spiked today as investors digested the release of the Federal Reserve’s October meeting minutes.  The minutes showed that the central bank’s most important members believe a rate hike next month would be appropriate.  At the end of the day, we saw solid gains across the board, with the DOW closing up triple digits: DOW  +247 to 17737 SP500   +33 to 2083 NASDAQ    +89 to 5075 10 Year Treasury closed to… Read More ›

November 17, 2015

US stocks traded in a range today as some encouraging earnings reports offset pressure from declines in oil prices.  In economic news, the consumer price index rose .2% in October, matching estimates, and homebuilder confidence fell more than expected to 62 in November.  Many eyes are on the release of the Fed minutes which are due out tomorrow for more insight into the discussions of the Federal Reserve at their latest meeting… Read More ›

November 16, 2015

Following the terror attacks in Paris over the weekend, US stocks traded higher by about 1%, helped by gains in oil prices and defensive sectors.  There was little in the way of earnings or economic reports.  At the end of the day, the major averages closed solidly higher across the board: DOW  +237 to 17482 SP500   +30 to 2053 NASDAQ    +56 to 4984 10 Year Treasury closed flat to yield 2.27% Oil prices… Read More ›

November 13, 2015

Stocks finished off a rough week with another day in the red as US stocks traded more than 1% lower, pressured by a continued decline in oil prices and soft reports on the health of the consumer.  October retail sales showed an increase of .1%, below expectations of a .3% rise.  In a sign of little inflation, the producer price index for October fell .4%, after falling .5% the previous month.  At… Read More ›