Daily Market Updates

March 16, 2017

U.S. Stocks traded in a narrow range Thursday with healthcare companies lower on concerns that Trump administration policies could affect sector earnings. Meanwhile financials are trading higher on hopes that higher interest rates could improve profit margins. In all, markets were holding just below the flat-line with about 30 minutes left in the session while treasury prices were little changed up one basis point to 2.52%. At the end of trading… Dow… Read More ›

March 15, 2017

U.S. Stocks were broadly higher Wednesday with the Nasdaq posting a new record following the Fed’s rate increase announcement this afternoon. The Fed has tightened policy twice in the past three months moving the Federal Funds rate from about .5% to 1% since December. Oil snapped it’s losing streak moving back above $49 on a better than 2% gain while gold surged more than 1% after being under pressure the past several… Read More ›

March 14, 2017

U.S. Stocks closed slightly lower Tuesday ahead of a likely rate increase tomorrow following the FOMC meeting. Energy stocks weighed on the indexes as the slide in oil prices continue dropping another 2% to hit a fresh three month low. Meanwhile treasury prices firmed a bit with the 10 year note dropping back below 2.6% and the dollar posted modest gains. At the end of trading… Dow – 44 to 20,837 S&P… Read More ›

March 13, 2017

U.S. Stocks traded in a narrow range Monday as investors await the Fed’s interest rate decision later this week. The Nasdaq composite traded slightly higher, helped by gains in Facebook while the Dow Jones and S&P 500 were holding slightly lower about midway through the session. Meanwhile, the dollar index lost more than half a percent in spite of tighter policy expectations while treasury prices fell with the 10 year yield moving… Read More ›

March 10, 2017

U.S. Stocks got off to a strong start Friday morning only to fade as the trading session wore on with the major indices holding about a quarter percent higher with an hour left to go. In spite of better than expected non-farm payroll results, the dollar index and treasury yields drifted lower while energy prices continued to tumble adding to heavy losses taken earlier this week. At the end of trading… Dow… Read More ›