Daily Market Updates

June 8, 2018

Stocks reversed early session losses to close higher but gains were capped amid high trade tensions.  President Trump arrived at the G-7 Summit in Canada this morning along with other world leaders, including those who currently govern nations that Trump has inflicted tariffs upon.  In other economic news, the Atlanta Fed announced their forecast of 4.6% GDP growth for the second quarter, which if correct, would double the full-year 2017 rate and… Read More ›

June 5, 2018

U.S. Stocks traded mixed Tuesday, with the Nasdaq and Russell 2000 both closing in record territory despite investors remaining on edge as tensions between the U.S. and some of its key trading partners remained high. The major indexes are off to a solid start for the month of June, rising about 1.5% in the first two sessions.  Leaders from seven of the largest economies in the world are meeting in Canada this… Read More ›

June 4, 2018

June has generally been a good month for the market and the month got off to a strong start on Friday with a 220 point employment report rally that carried into the open today, sending the market another 225 points higher in the early going. At the close: DOW +178 to 24,814 S&P +12 to 2,747 NASDAQ +52 to 7,606 (record high close) OIL -.90 to 64.90 GOLD -3 to 1292 In… Read More ›

June 1, 2018

After the release of a stronger-than-expected jobs report, all the major indices finished higher Friday, recovering most of the losses seen in the previous session.   The U.S. economy added 223,000 jobs in May, with average hourly earnings rising .3% last month, and the unemployment rate ticking down to 3.8%.  Treasury yields moved higher on the report, with the benchmark 10-year note trading at 2.90%, with expectations for a December rate hike ticking… Read More ›

May 31, 2018

Tuesday’s nearly 400 point decline was followed by a 300 point rally yesterday, leaving the market on track for the best monthly performance since January.  Today the market opened lower on more concerns about trade wars.  We began the month with concerns about trade wars and ended it with the same concerns. The Dow opened -100 At the close: DOW -252 to 24416 S&P -19 to 2705 NASDAQ -20 to 7442 OIL… Read More ›