Daily Market Updates

April 25, 2016

Stocks traded slightly lower with energy stocks leading the decliners as investors awaited major central bank meetings and earnings due later in the week.  The Federal Reserve begins their 2 day meeting tomorrow and the expectation is rates will remain unchanged though investors will scrutinize the statement for indications on the potential for a hike at the June meeting.  The Bank of Japan will also meet later this week.  At the end… Read More ›

April 21, 2016

The Dow struggled to hold the key psychological level of 18,000 after topping it on Monday for the first time since July 2015 amid continuing earnings releases and economic data.  In US economic news, the Philly Fed Index was down 1.6 in April and weekly jobless claims came in at 247,000, the lowest since 1973.  Separately, in European news, the ECB kept rates unchanged and ECB President Mario Draghi said he expects… Read More ›

April 18, 2016

Stocks traded in the green today, with the Dow topping 18,000 for the first time since last July, despite the inability for major producers to reach an agreement over the weekend on an oil output freeze.  Energy stocks pared a good amount of their overnight losses and the major indices recovered opening losses with momentum gaining into the close.  Here’s a look at how we finished the day: DOW  +106 at 18004 SP500 … Read More ›

April 15, 2016

US stocks closed slightly lower, with energy stocks leading declines as oil prices fell ahead of a highly anticipated weekend meeting of oil producers.  Top exporters Saudi Arabia and Russia will lead the meeting on Sunday in Doha, Qatar, to discuss freezing output around current levels in an effort to contain a global supply glut.   At the end of the day, the major indices closed in the red for the day after… Read More ›

April 14, 2016

US stocks traded in a range today, trying for a third-straight day of gains, amid bank earnings and choppy trade in oil.  In US economic news, weekly jobless claims declined to a seasonally adjusted 253,000, revisiting a level last seen in 1973.  Separately, the consumer price index rose .1% last month.  At the end of the day, the major indices lost steam and closed mixed: DOW  +17 at 17925 SP500   +.28 at 2082… Read More ›