Daily Market Updates

August 25, 2015

US stocks attempted a bounce after the Dow’s worst three-day point drop in history, climbing 441 points at the highs of the day, but unfortunately, the markets couldn’t hold onto those gains in the final minutes of trading and closed lower across the board.  The markets saw an early morning bounce after the Chinese central bank announced plans early in the morning to cut its one year lending rate to 4.6%, which… Read More ›

August 24, 2015

US stocks plummeted this today with a renewed rout in global markets, under severe pressure from continued fears of slowing growth in China spilling over internationally.  The Dow traded down 1089 points in the first five minutes of the day and although it closed well off those levels, we saw the biggest intraday swings in history.  The Volatility Index, considered the best gauge of fear in the market, traded near 40 representing… Read More ›

August 21, 2015

US stocks were under tremendous pressure today, with the major averages down near 3% and the Dow dropping 500 points at the lows of the day, as concerns about slowing global growth continued to pressure investor sentiment.  The Dow is in correction territory for the first time since 2011 which has been long awaited and talked about in the markets.  There was an overall broad based selloff in the markets today, with… Read More ›

August 20, 2015

US stocks fell more than 1%, pressured by continued uncertainty over the timing of a rate hike and low oil prices.  Stocks held lower after mixed economic releases continued to indicate modest growth in our economy.  Initial claims data came in at 277,000, but remained consistent with an improving labor market trend, existing home sales rose to an eight-year high, and the Philadelphia Fed index for August came in at 8.3.  At… Read More ›

August 19, 2015

US stocks traded lower after the minutes from the July Federal Reserve meeting were released.  The minutes indicated that conditions for the first rate increase have not been met, due primarily to inflation that is not yet moving toward the necessary conditions.  This indication points to rate increase in the future but not likely in September, as many have been expecting.  At the end of the day, the major indices closed off… Read More ›