Daily Market Updates

September 23, 2014

US stocks declined today as investors weighed data illustrating a slowing global economy and tracked conflict in the Middle East.  A lot of the spillover is coming from Europe with data showing contraction in France, slower growth in Germany and China came out with employment numbers that were not so great.  With some nerves setting in, investors have been taking some profits with the market at all-time highs.  At the end of… Read More ›

September 22, 2014

US stocks fell today, with small companies taking it on the chin, as China signaled it would not boost stimulus and following a report that home sales unexpectedly declined 1.8% in August.  The comments by the Chinese Finance Minister were not particularly hopeful as he stated that Beijing would not make big changes in response to one economic indicator, curbing thinking that softer economic readings would prompt additional stimulus from the central… Read More ›

Septmber 19, 2014

US stocks mostly rose today as investors welcomed Alibaba’s market debut and also showed relief that Scotland voted to remain in the UK.  Just over 55% of Scottish voters supported sticking with the nation’s 307-year union with the UK after Prime Minister David Cameron vowed to give additional policy-making powers to Scotland.  At the end of the day, the major indices closed mixed with the Dow posting a new all-time closing high:… Read More ›

September 18, 2014

After yesterday’s Federal Reserve meeting ended with no surprises the Dow Industrials moved to a new all-time high and today it was more new highs for both the Dow & the S&P 500.  The excitement was already building for the biggest initial public offering in history when Chinese e-commerce company Alibaba comes public in the morning. In corporate news drugstore chain Rite Aid reported better than expected earnings but lowered their guidance… Read More ›

September 17, 2014

After hitting a new all-time high yesterday the Dow Industrial average opened modestly higher again today ahead of the Federal Reserve decision on interest rates that was announced at 11 AM Tucson time.  The decision contained little in the way of surprises which took the Dow to yet another new high. In economic news the consumer price index actually decline .2% in August, the first decline in 18 months and that leaves… Read More ›