Daily Market Updates

December 12, 2014

From time to time the market becomes fixated on one thing and right now that is the price of oil.  Yesterday morning the price stabilized and the market jumped 225 points only to give up most of the gain by the close as oil continued to decline and this morning oil broke below $60 a barrel for the first time in 5 years and the market opened lower and stayed there all… Read More ›

December 11, 2014

Lower oil prices are good for most but the speed and the magnitude of the decline has scared investors and fear prompts selling that sent the S&P 500 lower for 3 consecutive days.  First time we have seen that in 2 months but the market did open higher this morning on a report of better than expected retail sales and at least temporary stability in oil prices. In corporate news shares of… Read More ›

December 10, 2014

U.S. stocks fell sharply Wednesday, furthering the week’s losses, as the price of crude fell to another five-year low and the Organization of Petroleum Exporting Countries cut its demand outlook for next year.  OPEC reduced its estimate for 2015 by roughly 300,000 barrels a day, with the cartel saying the effect of the 40% drop in prices on supply and demand is uncertain.  At the close, Dow -268 @17533 S&P 500 -33… Read More ›

December 9, 2014

U.S. stocks finished mixed Tuesday, extending losses for the DOW & S&P 500 into a second session, as Wall Street echoed a global rout that came as China toughened collateral rules for short-term loans.  In economic news, wholesale inventories rose .4% in October and another report Tuesday had small business optimism rising in November to its highest level in almost eight years.  At the close, Dow -51 @17801 S&P 500 -1/2 @2059… Read More ›

December 8, 2014

U.S. Stocks were lower Monday, with benchmarks retreating from records, as investors considered the pros and cons of the falling price of energy.  Oil companies were under pressure as crude dropped to another five-year low.  In economic news, Chinese overseas shipments climbed 4.7% from a year earlier in November and a separate report showed Japan’s economy contracted more than anticipated in the third quarter.  At the close, Dow -106 @17852 S&P 500… Read More ›